Dundee Precious Metals Delivers Another Strong Quarter of Production; Announces Second Quarter 2020 Preliminary Production Results

TORONTO, July 08, 2020 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) announced strong preliminary production results from both of its mines and the smelter for the three and six months ended June 30, 2020. The Company is on track to meet its previously issued guidance for 2020 at each of its operations.

“We continue to prioritize the health and safety of our workforce and to provide support in our local communities as we proactively manage the circumstances related to the global COVID-19 pandemic,” said David Rae, President and CEO. “Despite these challenges, we delivered another exceptional quarter of production results at each of our three operations and continue to demonstrate the significant potential of our portfolio in 2020.”

Production Highlights

Preliminary results for the second quarter and first half of 2020 are provided in the table below:

	Ore processed	Metals contained in concentrate produced		Payable metals in concentrate sold		Complex concentrate smelted
	(Kt)	Gold (K oz)	Copper (Mlbs)	Gold (K oz)	Copper (Mlbs)	(Kt)
Q2 2020
Chelopech	556.0	49.1	9.4	36.7	8.5	-
Ada Tepe	224.5	32.3	-	34.1	-	-
Tsumeb	-	-	-	-	-	58.5
Consolidated	780.5	81.4	9.4	70.8	8.5	58.5
YTD 2020
Chelopech	1,101.8	91.7	18.8	75.5	18.0	-
Ada Tepe	458.0	62.6	-	63.6	-	-
Tsumeb	-	-	-	-	-	123.5
Consolidated	1,559.8	154.3	18.8	139.1	18.0	123.5
2020 full-year guidance(1)	2,855 – 3,092	257 – 299	35 – 40	229 – 267	33 – 38	230 – 265

(1) As disclosed in Management’s Discussion and Analysis (“MD&A”) for the period ended December 31, 2019, issued on February 13, 2020 and available at www.sedar.com and at www.dundeeprecious.com