Dundee Precious Metals Files Technical Report on the Ada Tepe Gold Mine
1
Dundee Precious Metals Files Technical Report on the Ada Tepe Gold Mine
Toronto, November 23, 2020 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”)
today announced that the Company has filed a technical report for its Ada Tepe gold mine in Bulgaria.
The purpose of the report was to support the updated Mineral Resource and Mineral Reserve Estimate
and improved life of mine plan for Ada Tepe as previously disclosed in the Company’s news release
dated October 16, 2020.
The technical report has been prepared pursuant to the Canadian Securities Administrator’s National
Instrument 43-101. The technical report and the October 16, 2020 news release are both available for
review on SEDAR (www.sedar.com) and on the Company’s website (www.dundeeprecious.com).
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 operation, 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 operation, 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 9.4% interest in Sabina Gold & Silver Corp. and
its 19.4% interest in INV Metals Inc.
For further information please contact:
David Rae
President and Chief Executive Officer
Tel: (416) 365-5092
Jennifer Cameron
Director, Investor Relations
Tel: (416) 219-6177
Cautionary Note Regarding Forward-Looking Statements
This news 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 g enerally, but not always, identified by
2
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 news release relate to , among other things: mine life; the estimation of
Mineral Reserves and Mineral Resources and the realization of such mineral estimates . Forward
Looking Statements are based on certain key assumptions and the opinions and estimates of
management and the Qu alified Persons, 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 fut ure results,
performance or achievements expressed or implied by the Forward Looking Statements. In addition to
factors already discussed in this news release, such factors include, among others, risks relating to the
Company’s business generally and the i mpact of COVID -19, including, changes to the Company’s
supply chain; product shortages; delivery and shipping issues; closures 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; fluctuations in metal and acid prices, toll rates and
foreign exchange rates; possible variations in ore grade and recovery rates; uncertainties inherent to
the conclusions of economic evaluations and economic studies; changes in project parameters ,
including schedule and budget, as plans continue to be refined; uncertainties with respect to actual
results of current exploration activities; uncertainties and risks inherent to developing and
commissioning new min es into production, which may be subject 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 ac tivities; limitation 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 activities; opposition by social and non -
government organizations to mining projects and smelting operations; unanticipated title disputes;
claims or litigation; cyber attacks and other cybersecurity risks; as well as those risk fa ctors 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 intended. There can be no assurance that
Forward Looking Statements will prove to be accurate, as actual res ults 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. 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. Accordingly,
readers are cautioned not to place undue reliance on Forward Looking Statements .