TORONTO, Aug. 16, 2024 (GLOBE NEWSWIRE) — Dundee Precious Metals Inc. (TSX:DPM) (“DPM” or “the Company”) today announced that it has received approval under the Namibian Competition Law for the sale of the Company’s interest in the Tsumeb smelter to a subsidiary of Sinomine Resource Group Co. Ltd. (“Sinomine”).
The Sale is expected to close as planned in the third quarter of 2024, subject to the finalization of documentation relating to the revised purchase price and proposed tolling agreement, as disclosed in the Company’s management’s discussion and analysis and press release dated August 1, 2024 and available on our website at www.dundeeprecious.com.
About Dundee Precious Metals
Dundee Precious Metals Inc. is a Canada-based international gold mining company with operations and projects in Bulgaria, Serbia and Ecuador. The Company’s objective is to unlock resources and create value to prosper and grow together. This overall objective is supported by a foundation of core values that guide the Company’s operations and shape a set of complementary strategic pillars and objectives related to ESG, innovation, optimizing our existing portfolio and growth. The Company’s resources are allocated in line with its strategy to ensure DPM creates value for all of its stakeholders. DPM’s shares trade on the Toronto Stock Exchange (symbol: DPM).
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Cautionary note regarding forward-looking statements
This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) that involve a number of risks and uncertainties. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as “plans,” “expects,” “intends,” “anticipates,” “believes,” or variations of such words and phrases or state that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, or the negative of these terms or similar expressions. Forward-looking statements in this news release include, without limitation, statements with respect to the completion of the sale of the Tsumeb Smelter and the expected timing thereof and the ability of the Company to satisfy all other closing conditions contained in the applicable transaction documents. Forward-looking statements are based on certain key assumptions and the opinions and estimates at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These factors include, among others, that there can be no assurance that the sale of the Tsumeb Smelter will be completed on the timeframe contemplated or at all; the ability to satisfy all other closing conditions contained in the applicable transaction documents and those risk factors discussed or referred to in other documents (including, without limitation, the Company’s most recent Annual Information Form and its most recent Management’s Discussion and Analysis) filed from time to time with the securities regulatory authorities in all provinces and territories of Canada and available on SEDAR+ at www.sedarplus.com. Readers are cautioned that the foregoing list does not include all factors that may have been used. Although the Company has attempted to identify important factors that could cause results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results that are not anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company’s forward-looking statements reflect current expectations regarding future events and speak only as of the date they are made. Except as required by securities laws, the Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.
