Dundee Precious Metals Increases Quarterly Dividend by 50%
Dundee Precious Metals Increases Quarterly Dividend by 50%
Toronto, Ontario, December 8, 2020 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM” of “the
Company”) today announced that i ts Board of Directors has approved a 50% increase to its quarterly
dividend, which will now be US$0.03 per common share and will commence with its previously announced
fourth quarter dividend.
“This increase to our quarterly dividend reflects our ongoing strong operational performance, significant
free cash flow generation and growing cash balance,” said David Rae, Preside nt and Chief Executive
Officer. “This further demonstrates our commitment to delivering superior returns to our shareholders
through disciplined capital allocation and our confidence in our operations.”
As previously announced, t he fourth quarter dividend is payable on January 15, 2021 to shareholders of
record as at 5:00 p.m. Toronto local time on December 31, 2020.
Shareholders may elect to receive their dividend in US or Canadian dollars by contacting their broker or,
where applicable, Computershare Investor Services Inc., the Company’s registrar and transfer agent. If no
election is made, residents of Canada will be paid in Canadian dollars and non-residents of Canada will be
paid U.S. dollars. Dividends to be paid in Canadian dollars will be converted to Canadian dollars using the
spot exchange rate on January 8, 2020.
This dividend qualif ies as an “eligible dividend” for Canadian income tax purposes. Dividends pa id to
shareholders that are non -residents of Canada are generall y subject to withholding tax unless reduced in
accordance with the provisions of an applicable tax treaty.
About Dundee Precious Metals
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 op eration, 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 and
Serbia, and its 9.4% interest in Sabina Gold & Silver Corp and 19.4% interest in INV Metals Inc.
For further information please contact:
David Rae
President and Chief Executive Officer
Tel: (416) 365-5092
2
Hume Kyle
Executive Vice President and Chief Financial Officer
Tel: (416) 365-5091
Jennifer Cameron
Director, Investor Relations
Tel: (416) 219-6177