Dundee Precious Metals (TSX:DPM) announced preliminary production results for the three and six months ended June 30, 2025.

“We continue to deliver solid, consistent results from our operations, with gold and copper production increasing in the second quarter as planned,” said David Rae, President and Chief Executive Officer. “Both mines are on track to achieve our 2025 guidance and are well-positioned to continue our strong operating track record.”

Production Highlights

Preliminary results for the second quarter and first half of 2025 are provided in the table below:

Operating Highlights

Chelopech produced approximately 47,000 ounces of gold and 6.4 million pounds of copper in the second quarter. Gold production was in line with expectations, while copper production was slightly below plan due to lower copper grades reflecting changes in mine sequencing. As per the mine plan, the Company continues to expect higher grades and increased production over the balance of the year, and Chelopech is on track to achieve its 2025 production guidance.

Ada Tepe produced 14,100 ounces of gold in the second quarter, in line with expectations. As disclosed in February 2025, gold production at Ada Tepe was forecast to nearly double in the second half of 2025, relative to the first half of the year, due to the cell sequencing of its integrated mine waste facility. Ada Tepe is on track to achieve its gold production guidance for the year.

Return of Capital to Shareholders

During the second quarter, DPM repurchased 2,431,548 common shares under its normal course issuer bid at an average price of US$13.50 (Cdn$18.82) per share for a total of approximately US$32.8 million. Year-to-date, the Company has repurchased approximately 9,969,571 common shares at an average price of US$11.65 (Cdn$16.58) per share for a total of approximately US$116.1 million.

As previously announced in May 2025, DPM will pay a quarterly dividend of US$0.04 per share on July 15, 2025, to shareholders of record on June 30, 2025.

Timing of Second Quarter 2025 Financial Results

The Company plans to release its second quarter 2025 operating and financial results after market close on Thursday, July 31, 2025. The news release, MD&A and condensed interim consolidated financial statements will be posted on SEDAR at www.sedarplus.ca and on the Company’s website at www.dundeeprecious.com.

About Dundee Precious Metals Inc.

Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Serbia and Ecuador. Our strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from our portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions. This strategy creates a platform for robust growth to deliver above-average returns for our shareholders.