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Dundee Precious Metals to Focus on Capital Projects, New Commercial Arrangements at Tsumeb Smelter

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Dundee Precious Metals Inc. (DMP.TO) plans to proceed with 2 "significant" capital projects at its Tsumeb smelter in Namibia as well as commercial developments related to a new concentrate tolling arrangement and a Memorandum of Understanding for the sale of acid.

In addition, construction relating to Project 2012, a fugitive dust management improvement project aimed at improving off-gas capture and workplace conditions to better comply with national standards, is substantially complete with commissioning expected to take place in January 2013.

DPM went up by nearly 3% to $8.34, trading close to year high $10.72.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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