Dundee Precious Metals Announces Renewal of Normal Course Issuer Bid
1
Dundee Precious Metals Announces Renewal of Normal Course Issuer Bid
Toronto, February 25, 2021 – Dundee Precious Metals Inc. (TSX: DPM) (the “Company”) announced
today that the T oronto Stock Exchange (“T SX”) accepted its notice of intention to renew its normal
course issuer bid (the “ New Bid”) to repurchase certain of its common shares (“Shares”) through the
facilities of the TSX. The Company commenced a normal course issuer bid (the “Current Bid”) on
February 28, 2020, which terminates on February 27, 2021. Under the Current Bid, the Company sought
and obtained approval to purchase up to 9 million Shares. Based on the Company’s disciplined
approach to capital management, the directors considered it to be in the best interests of sha reholders
to return capital through the initiation of a quarterly dividend beginning in 2020 and as a result, the
Company did not make any purchases under the Current Bid.
The number of Shares that can be purchased during the period of the New Bid, which commences on
March 1 , 2021 and terminates on February 2 8, 202 2, will not exceed 9 million Shares, being
approximately 5% of the 181,510,125 outstanding Shares as of February 23, 2021. All purchases made
pursuant to the New Bid will be made through the facilities of the TSX or other alternative trading
systems in accordance with applicable Canadian securities laws and Shares repurchased pursuant to
the New Bid will be cancelled. Pursuant to the terms of the New Bid, the Company will not acquire on
any given trading day more than 182,760 Shares, representing 25% of the average daily trading volume
of Shares for the most recently completed six month period, being 731,040 Shares, other than block
purchase exceptions.
The Company has re-appointed RBC Capital Markets to make any purchases under the New Bid on its
behalf. The actual timing and number of Shares that may be purchased pursuant to the New Bid will be
subject to a number of considerations, including, among oth er things, the Company’s Share price,
financial position, and its assessment of alternative uses of capital in accordance with a disciplined
capital allocation framework.
About Dundee Precious Metals Inc.
Dundee Precious Metals Inc. is a Canadian -based international gold mining company with operations
and projects located in Bulgaria, Namibia and Serbia. The Company’s purpose is to unlock resources
and generate value to thrive and growth together. This overall purpose is supported by a foundation o f
core values, which guides how the Company conducts its business and informs 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 that DPM delivers value for
all of its stakeholders. DPM’s shares are traded on the Toronto Stock Exchange (symbol: DPM).
2
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 cer tain 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: the timing and number of Shares
that may be purchased pursuant to the New Bid. 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 St atements. In addition to factors already
discussed in this news release, such factors include, among others: there being no assurance that the
Company will purchase any Shares under the New Bid; as well as those risk factors discussed or
referred to in the Company’s MD&A under the heading “Risks and Uncertainties” and under the heading
“Cautionary Note Regarding Forward Looking Statements” which include further details on material
assumptions used to develop such Forward Looking Statements and material risk factors that could
cause actual results to differ materially from Forward Looking Statements, and other documents
(including without limitation the Company’s most recent Annual Information Form) filed from time to time
with the securities regulatory autho rities 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 and assumptions
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 i ntended. 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 ex pectations regarding future
events and speak only as of the date hereof. Other than as it may be required by law, 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.
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