Dundee Precious Metals sold for N$910 million

Martin Endjala Dundee Precious Metals (DPM) has announced that it has entered into a definitive share purchase agreement for the sale of its Tsumeb Smelter in Namibia for N$910 million to a Chinese company, the Sinomine Resource Group. The sale includes all its associated assets and liabilities, through the disposition of all of the issued and outstanding shares it indirectly holds in Dundee Precious Metals Tsumeb Holding (Pty). “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…