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.
| Food Products Industry | Consumer Staples Sector | Mr. Jonathan Carter Goodman C.F.A., M.B.A., P.Eng. CEO | OTC PINK Exchange | CA2649011095 ISIN |
| CA Country | 14 Employees | 31 Dec 2014 Last Dividend | 31 May 2013 Last Split | - IPO Date |
Dundee Corporation is a prominent investment manager publicly listed, with its foundation traced back to 1988 under the name Dundee Bancorp, Inc. Its headquarters are situated in Toronto, Canada, with an additional office extending its reach in Vancouver, Canada. The firm's lineage and expertise have been built through engaging in a variety of business sectors, including investment advisory, corporate finance, energy, resources, agriculture, real estate, and infrastructure. Dundee Corporation stands out for not only its direct involvement in these sectors but also for holding a diverse portfolio of investments, encompassing both publicly listed and private entities across its areas of focus.