Dundee Precious Metals Announces Renewal of Normal Course Issuer Bid
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Dundee Precious Metals Announces Renewal of Normal Course Issuer Bid
Toronto, March 14, 2025 – 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 purchase certain of its common s hares (“Shares”) through the
facilities of the TSX. The Company commenced a normal course issuer bid (the “ Previous Bid”) on
March 18, 2024, which will terminate on March 17, 2025. Under the Previous Bid, the Company sought
and obtained approval to purchase up to 15.5 million Shares, representing approximately 9.8% of its
public float as of March 6, 2024. As of February 28, 2025, the Company has repurchased 11,028,569
Shares under the Previous Bid through the TSX or other alternative trading systems or by such other
means as permitted by the TSX and applicable Canadian Securities laws, at a weighted average price
of US$9.57 (Cdn $13.51) per Share.
The number of Shares that may be purchased during the period of the New Bid, which will commence
on March 1 8, 2025, and terminate on March 17 , 202 6, will not exceed 15 million Shares, being
approximately 9.8% of the Company’s public float of Common Shares as of March 4, 2025, which was
152,531,214. The number of issued and outstanding Shares as of March 4, 2025, was 171,550,677. 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 Canadia n securities laws and Shares
purchased 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 103,112 Shares, representing 25% of the
average daily trading volume of Shares for the most recently completed six-month period, being 412,450
Shares, other than block purchase exceptions.
The Company has established an automatic share purchase plan ("ASPP") in connection with the NCIB
to facilitate the purchase of Shares during times when the Company would ordinarily not be permitted
to purchase Shares due to regulatory restrictions or self -imposed black-out periods. Before entering a
black-out period, the Company may, but is not required to, instruct its broker to make purchases under
the NCIB based on parameters set by the Company in accordance with the ASPP, TSX rules and
applicable securitie s laws. The ASPP has been pre -cleared by the TSX and will be implemented
effective March 18, 2025.
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 other things, the Company’s Share price,
financial position, and its assessment of alternative uses of capital in accordance with a disciplined
capital allocation framework.
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About Dundee Precious Metals Inc.
Dundee Precious Metals Inc. is a Canadian -based international gold mining company with operations
and projects located in Bulgaria, Serbia and Ecuador. Our strategic objective is to become a mid -tier
precious metals company, which is based on sustainable, responsible and efficient gold production from
our portfolio, the development of quality assets, and maintaining a strong financial position to support
growth in mineral reserves and production through disciplined strategic transactions. This strategy
creates a platform for robust growth to deliver above -average returns for our shareholders. DPM’s
shares are traded on the Toronto Stock Exchange (symbol: DPM).
For further information please contact:
Jennifer Cameron
Director, Investor Relations
Tel: (416) 219-6177
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”, “guidance”, “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: the timing and number
of Shares that may be purchased pursuant to the New Bid and/or pursuant to the terms of the ASPP .
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 exp ressed or implied by the
Forward Looking Statements. 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 or the ASPP; 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 us ed to de velop
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
authorities in all provinces and territories of Canada and available on SEDAR + at www.sedarplus.ca.
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 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 hereof. Other than as it ma y be required by law, the Company
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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.