Dundee Precious Metals Demonstrates Strong ESG Performance and Releases 2020 Sustainability Report

TORONTO, May 11, 2021 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) is pleased to announce the publication of its 2020 Sustainability Report (“the Report”). The Report highlights DPM’s unique approach and performance in key environmental, social and governance (“ESG”) areas as identified through a comprehensive materiality assessment.

“ESG is fundamental to our culture and is integrated into all levels of our organization. In 2020, we defined our corporate purpose and added a new ESG-focused strategic objective, to generate a net positive impact from our operations, which places an emphasis on our ability to deliver positive value for all of our stakeholders,” said David Rae, President and Chief Executive Officer of Dundee Precious Metals. “We have long understood the strategic importance of maintaining our social license to operate and have seen first-hand how excelling in this important area is a competitive advantage that can unlock additional value and lead to superior long-term returns.”

“During 2020, we made progress on a number of important social and environmental initiatives,” said Dr. Nikolay Hristov, Vice President, Sustainability and External Relations. “We also augmented our existing sustainability reporting framework by publishing our first climate change report following the Task Force for Climate-related Financial Disclosure (“TCFD”) framework, further demonstrating our commitment in this area.”

2020 Sustainability Highlights:

• Recognitions
  • Achieved an ‘A’ rating from MSCI ESG Ratings for the second year in a row
  • Named Investor of the Year in Bulgaria and Most Generous Corporate Donor by the Bulgarian Donors Forum

• Positive Economic Impact
  • More than 99% of our workforce is comprised of local nationals, including 98% of supervisor-level positions
  • 73%, 91% and 93% of our procurement budgets at Chelopech, Ada Tepe and Tsumeb, respectively, were spent on local and in-country suppliers
• Robust Corporate Governance
  • Established an Independent Tailings Management Review Board to provide support in ensuring that the design, construction, operation and closure of our tailings facilities conform with international best practice
  • Increased gender diversity, with women representing 44% of our senior managers and 33% of our Board of Directors
  • Short-term incentive compensation structure incorporates ESG performance