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, December 17, 202 1 – Dundee Precious Metals Inc. (TSX: DPM) (the “Company”)
announced today that it has implemented an automatic repurchase plan with effect from Monday,
December 20, 2021 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 active 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 Stock 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. Refer to the Company’s news release dated February 25, 2021 for additional information
regarding the NCIB.
About Dundee Precious Metals
Dundee Precious Metals Inc. is a Canadian -based international gold mining company with operations
and projects located in Bulgaria, Namibia , Ecuador and Serbia. The Company’s purpose is to unlock
resources and gener ate value to thrive and grow together. This overall purpose is supported by a
foundation of core values, which guides how the Company conducts its business and informs a set of
complementary strategic pillars and objectives related to ESG, innovation, opti mizing our existing
portfolio, and growth. The Company’s resources are allocated in -line with its strategy to ensure that
DPM delivers value for all of its stakeholders. DPM’s shares are traded on the Toronto Stock Exchange
(symbol: DPM).
For further information please contact:
David Rae
President and Chief Executive Officer
Tel: (416) 365-5092
Hume Kyle
Executive Vice President and Chief Financial Officer
Tel: (416) 365-5091
Jennifer Cameron
Director, Investor Relations
Tel: (416) 219-6177
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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
factors already discussed in this press release, such factors include, among others: risks relating to the
Company’s business generally and the impact of global pandemics, including COVID -19, including
changes to the Company’s supply chain, product shortages, delivery and shipping issues, closure and/or
failure of plant, equipment or processes to operate as anticipated, employees and contractors becoming
infected, lost work hours and labour force shortages; no assurance that the Company will purchase
additional common shares of the Company under the NCIB; fluctuations in metal and acid pr ices, toll
rates and foreign exchange rates; possible variations in ore grade and recovery rates; inherent
uncertainties in respect of conclusions of economic evaluations and economic studies, including the
Timok pre-feasibility study and the Loma Larga feasibility study (“ FS”); uncertainties with respect to
timing of the Timok FS; changes in project parameters, including schedule and budget, as plans
continue to be refined; uncertainties with respect to realizing the anticipated benefits from the acquisition
of INV Metals Inc. and the development of the Loma Larga project; uncertainties with respect to actual
results of current exploration activities; uncertainties and risks inherent to developing and
commissioning new mines into production, which may be su bject to unforeseen delays; 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; limitations on
insurance coverage; 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; actual results of current and planned reclamation activitie s; opposition by social and non -
governmental organizations to mining projects and smelting operations; unanticipated title disputes;
claims or litigation; failure to achieve certain cost savings or the potential benefits of any upgrades and/or
expansion, i ncluding the planned rotary holding furnace installation, at the Tsumeb smelter; cyber -
attacks and other cybersecurity risks; risks related to the implementation, cost and realization of benefits
from digital initiatives; uncertainties with respect to real izing the targeted MineRP Holdings Inc. earn -
outs; 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 Company 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 anticipated,
estimated or inte nded. 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 expec tations 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 opinions should change. Accord ingly, readers are cautioned not to place undue reliance
on Forward Looking Statements.