Dundee Precious Metals Inc. is pleased to announce the results of a pre-feasibility study for its Timok Gold Project in Serbia. The PFS is focused on the development of the oxide and transitional portions of the project and confirms Timok's potential as an attractive organic growth opportunity within the Company's portfolio. Based on the results of the PFS, the Company has received Board approval to proceed with a [...]
Dundee Precious Metals Inc. today announced its operating and financial results for the fourth quarter and twelve months ending December 31, 2020. Annual Financial and Operating Highlights: Record gold production - Strong operating performance continued in the fourth quarter and contributed to record gold annual production of 298,289 ounces, at the top end of 2020 guidance. Copper production of 35.6 million pounds was in [...]
Dundee Precious Metals announced that its Board of Directors has declared a first quarter dividend of US$0.03 per common share. The dividend is payable on April 15, 2021 to shareholders of record as at 5:00 p.m. Toronto local time on March 31, 2021 and qualifies as an "eligible dividend" for Canadian income tax purposes. Shareholders may elect to receive their dividend in US or Canadian dollars by contacting their broker [...]
Dundee Precious Metals Inc. today announced that it has appointed Mr. Kalidas Madhavpeddi to the Board of Directors of DPM, effective February 1, 2021. "We are very pleased to welcome Kalidas Madhavpeddi to the Board of Directors. His depth of experience in the international mining industry will add valuable expertise to the Board," said Jonathan Goodman, Chair of the Board of Directors. Mr. Madhavpeddi has over 40 years [...]
Dundee Precious Metals Inc. today filed an early warning report with respect to its ownership in INV Metals Inc. following the completion of a non-brokered C$3,962,683 private placement . Pursuant to the terms of the Offering, INV Metals issued 8,805,962 common shares to the Company at a price of C$0.45 per Common Share. Following completion of the Offering, the Company owns 35,344,424 Common Shares, or approximately [...]
Dundee Precious Metals Inc. announced preliminary production results from both of its mines in Bulgaria and the Tsumeb smelter in Namibia for the three and twelve months ended December 31, 2020. DPM met or exceeded production guidance at each of its operations, with total gold production for the year being at the high end of the Company’s 2020 guidance range. “2020 was another milestone year for DPM, as we delivered [...]
Dundee Precious Metals Inc. today announced that DPM and other shareholders of MineRP Holdings Inc. have entered into a definitive agreement for the sale of 100% of MineRP to Epiroc Canada Holding Inc., a subsidiary of Epiroc Rock Drills AB . Consideration for DPM’s fully-diluted 70% equity interest in MineRP and the repayment of DPM shareholder loans include: Approximately US$40 million in cash representing the estimated [...]
Dundee Precious Metals Inc. today announced that its Board of Directors has approved a 50% increase to its quarterly dividend, which will now be US$0.03 per common share and will commence with its previously announced fourth quarter dividend. “This increase to our quarterly dividend reflects our ongoing strong operational performance, significant free cash flow generation and growing cash balance,” said David Rae [...]
Dundee Precious Metals Inc. today announced that the Company has filed a technical report for its Ada Tepe gold mine in Bulgaria. The purpose of the report was to support the updated Mineral Resource and Mineral Reserve Estimate and improved life of mine plan for Ada Tepe as previously disclosed in the Company’s news release dated October 16, 2020. The technical report has been prepared pursuant to the Canadian Securities [...]
Dundee Precious Metals Inc. is deeply saddened to report a fatality at its Tsumeb smelter in Namibia. On Thursday, November 19, an employee sustained serious injuries while conducting maintenance activities in the waste processing plant. The Company immediately dispatched first responders and emergency services personnel; however, despite best efforts, the employee tragically succumbed to his injuries. “It is with a heavy [...]
Dundee Precious Metals Inc. today announced that it has entered into an investment agreement with Velocity Minerals Ltd. to invest up to C$7 million in Velocity on a private placement basis. DPM is expected to purchase up to 14 million common shares of Velocity at a price of C$0.50 per share. Upon closing the transaction, DPM is expected to own approximately 9.99% of Velocity’s issued and outstanding common shares on a [...]
Dundee Precious Metals announced that its Board of Directors has declared a fourth quarter dividend of US$0.02 per common share. The dividend is payable on January 15, 2021 to shareholders of record as at 5:00 p.m. Toronto local time on Dec 31, 2020 and qualifies as an “eligible dividend” for Canadian income tax purposes. Shareholders may elect to receive their dividend in US or Canadian dollars by contacting their broker [...]
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