Dundee Precious Metals Inc

Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Namibia, Ecuador, and Serbia. 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). DPM’s principal subsidiaries include: Dundee Precious Metals Chelopech (Chelopech), which owns and operates a gold, copper and silver mine located east of Sofia, Bulgaria; Dundee Precious Metals Krumovgrad (Krumovgrad), focused on the development of a gold property located in Krumovgrad in south eastern Bulgaria; and Dundee Precious Metals Tsumeb (Tsumeb), which owns and operates the company’s concentrate processing facility located in Tsumeb, Namibia. Dundee Precious Metals Tsumeb (Pty) Limited), is located in Tsumeb, Namibia approximately 430 km north of the capital city of Windhoek. Tsumeb is the closest town to the Etosha National Park and has a population of 45,000 people. The smelter was constructed in the early 1960’s to process concentrate from the Tsumeb copper mine and other mines in the country. It is linked by rail to the Atlantic port of Walvis Bay in Namibia. The facility consists of a primary smelting furnace, the Ausmelt furnace, two Peirce Smith Converters, bag houses and cooling towers, a slag milling plant, two high voltage distribution sub-stations, a materials handling facility, two oxygen plants, a fume extraction system and a sulphuric acid plant. The smelter employs approximately 800 people. The smelter is one of only a few in the world that can treat complex copper concentrates. Blister copper and sulphuric acid are smelter products. The blister copper is delivered to refineries in Europe and Asia for final processing to copper metal. Sulphuric acid is a critical component in the mining industry, particularly for uranium and copper production businesses. Thus, the smelter can take a by-product of copper and turn it into something of value for Namibia.