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, January 24, 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 purpose of the report was to support the maiden Mineral Resource estimate for Čoka Rakita,
as previously disclosed in the Company’s news release dated December 11, 2023.
The technical report has been prepared pursuant to the Canadian Securities Administrator’s National
Instrument 43-101 – Standards of Disclosure for Mineral Projects. The technical report and the December
11, 2023, 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:
David Rae
President and Chief Executive Officer
Tel: (416) 365-5191
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 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 news release relate to, among other things: the estimation of 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 Qualified 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 future
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, fluctuations in metal
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and sulphuric acid prices, toll rates and foreign exchange rates; risks arising from the current inflationary
environment and the impact on operating costs and other financial metrics, including risks of recession and
the risk that the power subsidy in Bulgaria may be discontinued; the commencement, continuation or
escalation of geopolitical and/or intrastate conflicts and crises, including, without limitation, in Ukraine, the
Middle East, Ecuador, and other jurisdictions from time to time, and their direct or indirect effects on the
operations of the Company; continued exemption from the Council of Europe’s sanctions in favour of
Bulgaria with respect to the import of Russian oil and economic sanctions against Russia and Russian
persons which may impact supply chains; regulatory changes, including changes impacting the complex
concentrate market; possible variations in ore grade and recovery rates; inherent uncertainties in respect
of 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 mines 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 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
activities; 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; increased costs and physical risks, including extreme
weather events and resource shortages, related to climate change; uncertainties inherent to the ability of
the Company to meet sustainability, environmental and greenhouse gas emission reduction targets, goals
and strategies, which may be affected by unforeseeable events outside of its control or business necessities
that are not yet known; cyber-attacks and other cybersecurity risks; risks related to the implementation, cost
and realization of benefits from digital initiatives; risks relating to the Company’s business generally and the
impact of epidemics, pandemics or other public health emergencies, including COVID-19, resulting in
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, low vaccination rates, lost work hours and labour force shortages; 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 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. 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.