Dundee Precious Metals is a top-performing, low-cost gold and copper miner with a strong track record of shareholder returns. The proposed $1.3B acquisition of Adriatic Metals adds the high-grade Vares mine, providing production growth and portfolio synergy. Vares' conservative $1.6B NPV and positive cash flow offset ramp-up risks, while the deal appears likely to close in Q4 2025.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has now announced it will be bought by Canadian miner Dundee Precious Metals in a deal worth US$1.25bn Shareholders in the AIM-quoted firm are set to receive a combination of cash and shares – 93p and 0.159 new Dundee shares for each Adriatic share they own. In May, Adriatic confirmed media speculation that it was in talks with Dundee.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has confirmed it is in discussions with Canadian miner Dundee Precious Metals Inc (TSX:DPM) over a possible full takeover of the business, following recent media speculation. The London-listed company, which operates the Vares silver project in Bosnia and Herzegovina, said it had granted Dundee access to a limited set of confidential company documents to support due diligence efforts.
Gold prices are surging due to deeper structural shifts, with central banks and Asian buyers driving demand, not just US ETFs. Despite rising gold prices, gold miners like Dundee Precious Metals remain undervalued, with strong cash flow and low costs. Dundee's production will decline short term but will rebound with the Coka Rakita project, almost doubling production by 2028.
VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) (the "Company" or "Galloper") is pleased to announce that Dr. Iliya Garkov, Executive Vice-President and Chief Operating Officer for Dundee Precious Metals Inc. (TSX: DPM), has joined Galloper's Board of Directors. Dr. Garkov has over three decades of international mining experience in Bulgaria, Australia and Armenia.
Dundee Precious Metals stock receives a positive "Hold" rating due to robust gold and copper production in Bulgaria and a solid financial position. The company benefits from strong gold prices driven by safe-haven demand and interest rate cuts, boosting revenue and profitability expectations. Future growth is supported by Čoka Rakita in Serbia, whose PEA indicates it can increase low-cost production, and if gold price remains supportive, financial strength will extend beyond 2028.