Dundee Precious Metals Files Technical Report on the Čoka Rakita Gold Project
Dundee Precious Metals Files Technical Report on the Čoka Rakita Gold Project
Toronto, Ontario, June 11, 2024 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”)
today announced that the Company has filed a technical report for its Čoka Rakita gold project in Serbia
(the “Report”). The purpose of the report was to support the preliminary economic assessment for Čoka
Rakita, as previously disclosed in the Company’s news release dated May 1, 2024.
The Report has been prepared pursuant to the Canadian Securities Administrator’s National Instrument
43-101 – Standards of Disclosure for Mineral Projects. The Report and the May 1, 2024, news release are
both available for review on SEDAR + (www.sedarplus.ca) and on the Company’s website
(www.dundeeprecious.com).
About Dundee Precious Metals
Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and
projects located in Bulgaria, Namibia, Serbia and Ecuador. The Company’s purpose is to unlock resources
and generate 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, 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).
For further information please contact:
Jennifer Cameron
Director, Investor Relations
Tel: (416) 219-6177
Cautionary Note Regarding Forward-Looking Statements
The Report and associated disclosure of the Company 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”, “targets”, “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 the Report and associated disclosure relate to, among
other things: the estimation of mineral resources and the realization of such mineral estimates; the price of
gold; the amount of mineralised material and material grade; proposed mine production plan; mining dilution
and mining recovery; recovery rates of gold in the processing plant; ability of plant, equipment, processes
to operate as anticipated; sustaining and operating costs; environmental, social, and licenc ing risks;
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taxation policy and tax rate; cost inflation; geotechnical or hydrogeological considerations during mining;
ability to maintain social licen ce to operate; unrecognised environmental risks; closure costs; project
economics, financial and operational parameters such as expected throughput, production, processing
methods, cash costs, all -in sustaining costs, other costs, capital expenditures, free cash flow, NPV, IRR,
payback period and life of mine; planned geotechnical, hydrogeological drilling and metallurgical test work,
and related costs; expected next steps in the development of the project; production schedule; expected
life of mine at Čoka Rakita; permitting activities; and availability and applicability of tax relief as provided in
existing legislation; potential gold recoveries . Forward Looking Statements are based on certain key
assumptions and the opinions and estimates of management and the QPs, 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 DPM 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 the Report, such factors include, among others, risks relating to DPM’s
business, including possible variations in grade and recovery rates; 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 inherent to the estimation of mineral resources, which may
not be fully realized; uncertainties inherent with conducting business in foreign jurisdictions where
corruption, civil unrest, political instability and uncertainties with the rule of law may impact DPM’s activities;
the impact of the conflict in the Ukraine and health emergencies, including resulting changes to DPM’s
supply chain and costs of supplies; product shortages; delivery and shipping issues; closures and/or failure
of equipment or processes to operate as anticipated; employees and contractors become infected with
pathogens or being affected by the war; lost work hours; labour force shortages; fluctuations in metal prices,
toll rates and foreign exchange rates; 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 exploration activi ties; opposition by social and non -government organizations to mining projects;
unanticipated title disputes; claims or litigation; cyber attacks and other cybersecurity risks; as well as those
risk factors discussed or referred to in any other documents (including without limitation DPM’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 which may have been used. Although the Report, this news
release and other disclosure 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 wi ll prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Forward Looking Statements reflect current
expectations regarding future events and speak only as of the date hereof. Unless required by securities
laws, DPM undertakes no obligation to update Forward Looking Statements if circumstances or estimates
or opinions should change. Accordingly, readers are cautioned not to place undue reliance on Forward
Looking Statements.