TORONTO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or the “Company”) announced its operating and financial results for the third quarter and first nine months ended September 30, 2023.

Highlights
(Unless otherwise stated, all monetary figures in this news release are expressed in U.S. dollars.)

Strong metals production: Produced 74,102 ounces of gold and 7.2 million pounds of copper.
All-in sustaining cost: Reported cost of sales per ounce of gold sold1 of $901 and an all-in sustaining cost per ounce of gold sold2 of $911.
On track to achieve 2023 guidance: Both mining operations are on track to achieve their 2023 production and cost guidance, while Tsumeb is forecast to be below its 2023 production guidance range and at the high end of its cash cost per tonne guidance range.
Significant free cash flow: Generated $67.4 million of cash provided from operating activities and quarterly free cash flow2 of $44.6 million, bringing year-to-date cash provided from operating activities to $197.5 million and year-to-date free cash flow to $180.1 million.
Solid adjusted net earnings: Reported net earnings of $27.1 million ($0.15 per share) and adjusted net earnings2 of $27.1 million ($0.15 per share2).
Growing financial position: Ended the quarter with a strong balance sheet, including $562.7 million of cash, a $150.0 million undrawn revolving credit facility, and no debt.
Increasing return of capital to shareholders: Returned $76.1 million, or 42% of free cash flow, to shareholders during the first nine months of 2023 through dividends paid and payments for shares repurchased. Declared fourth quarter dividend of $0.04 per common share payable on January 15, 2024 to shareholders of record on December 31, 2023.
Development projects: Completed an investment protection agreement (“IPA”) for the Loma Larga gold project and advanced permitting for the 69 kV power line. DPM will continue to progress the updated feasibility study (“FS”) beyond the previously stated timeline ending in 2023 to pursue additional optimization opportunities and potentially incorporate the results of drilling once these activities are able to ... see & read more on
https://www.dundeeprecious.com/English/Corporate-News/press-release-details/2023/Dundee-Precious-Metals-Announces-2023-Third-Quarter-Results-Strong-Operating-Performance-Drives-Robust-Free-Cash-Flow-Generation/default.aspx

AND
Dundee Precious Metals Declares Dividend.
TORONTO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM)(“DPM” or “the Company”) today announced that its Board of Directors has declared a fourth quarter dividend of US$0.04 per common share.

The dividend is payable on January 15, 2024, to shareholders of record as at 5:00 p.m. Toronto local time on December 31, 2023, and qualifies as an “eligible dividend” for Canadian income tax purposes.

Shareholders may elect to receive their dividend in U.S. 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, 2023.

Dividends paid to shareholders that are non-residents of Canada are generally subject to withholding tax unless reduced in accordance with the provisions of an applicable tax treaty.