DPM Dundee Precious Metals Inc

Dundee Precious Metals Inc. (TSX:DPM)(TSX:DPM.WT)(TSX:DPM.WT.A) ("DPM" or "the
Company") is pleased to announce that it has agreed with Louis Dreyfus
Commodities Metals Suisse SA ("LDC"), the smelter tolling agent, in principle,
subject to contract and completion of DPM's acquisition of the Tsumeb smelter
and related assets (the "Transaction"), to settle approximately US$11.4 million
of metals exposure and debt to LDC, estimated at US$17 million, through the
payment of US$2 million in cash and US$9.4 million in common shares of DPM,
based on a deemed price of Cdn.$3.50 per share. The smelter will then have
approximately US$5.6 million in debt remaining to LDC.  LDC will continue to
have exclusive rights to source the balance of the concentrate for the Tsumeb
smelter through to 2020, other than the Chelopech long term supply contract. 


Please refer to the news release issued by DPM earlier today for further
information on the Transaction.


Dundee Precious Metals Inc. is a Canadian based, international mining company
engaged in the acquisition, exploration, development and mining of precious
metals. DPM owns the Chelopech Mine, a producing gold/copper mine, and the
Krumovgrad Gold Project, a mining development project, both located in Bulgaria,
as well as a 95% interest in the Kapan Mine in Armenia. In addition, it is
engaged in mineral exploration activities in Serbia.


FORWARD-LOOKING STATEMENTS

This news release may contain certain information that constitutes
forward-looking statements. Forward-looking statements are frequently
characterized by words such as "plan," "expect," "project," "intend," "believe,"
"anticipate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are made, and
are subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those projected in the
forward-looking statements. These factors include the inherent risks involved in
the exploration and development of mineral properties, the uncertainties
involved in interpreting drilling results and other geological data, fluctuating
metal prices and other factors described above and in the Company's most recent
annual information form under the heading "Risk Factors" which has been filed
electronically by means of the Canadian Securities Administrators' website
located at www.sedar.com. The Company disclaims any obligation to update or
revise any forward-looking statements if circumstances or management's estimates
or opinions should change. The reader is cautioned not to place undue reliance
on forward-looking statements.

Dundee Precious Metals (TSX:DPM)
Historical Stock Chart
From Jun 2024 to Jul 2024

Dundee Precious Metals (TSX:DPM)
Historical Stock Chart
From Jul 2023 to Jul 2024