Dundee Precious Metals Announces Sale of Tsumeb Smelter for US$49 Million
“We are pleased to announce the sale of the Tsumeb smelter, which is consistent with our strategic objective of focusing on our gold mining assets and simplifying our portfolio going forward.
- “We are pleased to announce the sale of the Tsumeb smelter, which is consistent with our strategic objective of focusing on our gold mining assets and simplifying our portfolio going forward.
- We are extremely proud of the investments that we have made to transform Tsumeb’s operational and environmental performance into a specialized custom smelter with a highly skilled workforce,” said David Rae, President and Chief Executive Officer.
- “We would like to thank the government of Namibia, the community of Tsumeb and our employees for their support over the past 13 years.
- Cutfield Freeman & Co. Ltd. acted as financial adviser to DPM in the Transaction.