Dundee Precious Metals Completes Acquisition of Adriatic Metals, Confirms Name Change
[Click image to enlarge]
Dundee Precious Metals (DPM) has completed the acquisition of Adriatic Metals following the satisfaction of all of the conditions to the scheme and the delivery of the order of the High Court of Justice in England and Wales.
As a result of the completion of the acquisition, DPM has acquired 100 percent of the issued share capital of Adriatic Metals, which owns the Vareš operation in Bosnia and Herzegovina, a producing silver-lead-zinc-gold underground mine.
“Today is an exciting milestone for DPM. With the addition of the Vareš operation, DPM is a premier mining business with a peer-leading growth profile and a high-quality development and exploration pipeline,” said David Rae, president and chief executive officer of DPM.
“We will be leveraging our expertise in underground mining, our regional presence, successful track record of operations, optimization and project management, as well as our strong financial position, to further optimize and realize Vareš’ full value potential,” added Rae.
With the acquisition completed, DPM intends to complete the change of its corporate name, from Dundee Precious Metals to DPM Metals, effective September 12, 2025.
Dundee Precious Metals is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Bosnia and Herzegovina, Serbia and Ecuador. Its strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from its portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions.
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2025 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
