CSA Global congratulates its client, Dundee Precious Metals on the Krumovgrad Gold Project Update in Bulgaria.
TORONTO, ONTARIO–(Marketwired – June 6, 2016) – Dundee Precious Metals Inc. (TSX:DPM) (“DPM” or “the Company”) is pleased to announce an update of its Krumovgrad gold project (“the Project”) located in southern Bulgaria. All monetary figures are expressed in U.S. dollars unless otherwise stated.
-Updated capital estimate of $178 million and updated cash cost estimate of $403/oz gold
-Project economics remain robust with a 25% after-tax IRR at $1,250/oz gold and $15.00/oz silver
-Construction permit and financing plan remain on track to commence construction in Q3 2016
The Mineral Resource and Mineral Reserve estimates and other scientific and technical information contained in this news release was prepared by CSA Global (UK) Ltd. (“CSA”), in accordance with Canadian regulatory requirements set out in NI 43-101 Standards of Disclosure for Mineral Projects, and has been reviewed and approved by, as relates to Mineral Resources and Mineral Reserves, Richard Gosse, Senior Vice President, Exploration, and Ross Overall, Corporate Senior Resource Geologist. Both Richard Gosse and Ross Overall are Qualified Persons (“QP”) as defined under NI 43-101 and not independent of the Company. The Technical Report in respect of the study for the construction and operation of its Krumovgrad gold project disclosed herein was filed on SEDAR at www.sedar.com on March 28, 2014.
DTAE: JUNE 6, 2016