Dundee Precious Metals Announces Automatic Repurchase Plan Pursuant to Its Normal Course Issuer Bid
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DUNDEE PRECIOUS METALS ANNOUNCES AUTOMATIC REPURCHASE PLAN
PURSUANT TO ITS NORMAL COURSE ISSUER BID
Toronto, March 31, 2020 – Dundee Precious Metals Inc. (TSX: DPM) (the “Company”) announced
today that it has implemented an automatic repurchase plan with its designated broker in order to
facilitate purchases of its common shares under its previously announced normal course issuer bid
(“NCIB”) at times when the Company ordinarily would not be a ctive in the market due to regulatory
restrictions or self-imposed blackout periods.
Purchases made pursuant to the automatic repurchase plan, if any, will be made by the Company’s
designated broker based upon the parameters prescribed by the Toronto Stoc k Exchange (“ TSX”),
applicable Canadian securities laws and the terms of the written agreement between the Company and
its designated broker. The automatic repurchase plan constitutes an “automatic plan” for purposes of
applicable Canadian securities legislation and the agreement governing the plan has been pre -cleared
by the TSX.
About Dundee Precious Metals Inc.
Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the
acquisition of mineral properties, exploration, development, mining and processing of precious metals.
The Company's operating assets include the Chelopech op eration, which produces a gold -copper
concentrate containing gold, copper and silver and a pyrite concentrate containing gold, located east of
Sofia, Bulgaria; the Ada Tepe operations, which produces a gold concentrate containing gold and silver,
located in southern Bulgaria; and the Tsumeb smelter, a complex copper concentrate processing facility
located in Namibia. DPM also holds interests in a number of developing gold and exploration properties
located in Canada, Serbia and Ecuador, including its 10.4% interest in Sabina Gold & Silver Corp. and
its 19.5% interest in INV Metals Inc.
Cautionary Note Regarding Forward-Looking Statements
This press 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”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “outlook”, “intends”, “anticipates”, “believes”, or variations of such words and
phrases or that state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be
taken, occur or be achieved, or the negative of any of these terms or similar expressions. The Forward
Looking Statements in this press release relate to, among other things: purchases of common shares
pursuant to the NCIB and the automatic repurchase plan. Forward Looking Statements are based on
certain key assumptions and the opinions and estimates of management and Qualified Persons (in the
case of technical and scientific information), as of the date such statements are made, and they involve
known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any other future results,
performance or achievements expressed or implied by the Forward Looking Statements. In addition to
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factors already discussed in this press release, such factors include, among others: risks relating to the
Company’s business generally and as magnified by the impact of COVID-19, including, changes to the
Company’s supply chain; product shortages; delivery and shipping issues; closures, suspension of
operations and/or failure of plant, equipment or processes to operate as anticipated; employees and
contractors becoming infected with COVID -19; lost work hours; labour force shortages; no assurance
that the Company will purchase any common shares under the NCIB; the uncertainties with respect to
the actual results of current exploration activities; actual results of current reclamation activities ;
conclusions of economic evaluations and economic studies; changes in project parameters as plans
continue to be refined; possible variations in ore grade or recovery rates; failure of plant, equipment or
processes to operate as anticipated; uncertainties and risks inherent to developing and commissioning
new mines into production, which may be subject to unforeseen delays; accidents, labour disputes and
other risks of the mining industry; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities; social and non -government organizations
opposition to mining projects and smelting operations; uncertainties inherent with conducting business
in foreign jurisdictions where corruption, civil unrest, political instability and uncertainties with the rule of
law may impact the Company’s activities; fluctuations in metal and acid prices, toll rates and foreign
exchange rates; unanticipated title disputes; claims or litigation; limitation on insurance coverage; cyber
attacks; risks related to the implementation, cost and realization of benefits from digital initiatives; failure
to realize projected financial results from MineRP Holdings Inc.; risks related to operating a technology
business reliant on the owne rship, protection and ongoing development of key intellectual properties ;
as well as those risk factors discussed or referred to in any other documents (including without limitation
the Company’s most recent Annual Information Form) filed from time to time with the securities
regulatory authorities in all provinces and territories of Canada and available on SEDAR at
www.sedar.com. The reader has been cautioned that the foregoing list is not exhaustive of all factors
which may have been used. Although the Co mpany has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those described in Forward Looking
Statements, there may be other factors that cause actions, events or results not to be anticip ated,
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 Statement s reflect current expectations regarding future
events and speak only as of the date hereof. Unless required by securities laws, the Company
undertakes no obligation to update Forward Looking Statements if circumstances or management’s
estimates or opinion s should change. Accordingly, readers are cautioned not to place undue reliance
on Forward Looking Statements.
For further information please contact:
Rick Howes
President and Chief Executive Officer
Tel: (416) 365-2836
Hume Kyle
Executive Vice President and Chief Financial Officer
Tel: (416) 365-5091
Jennifer Cameron
Director, Investor Relations
Tel: (416) 365-2549