DPM Board Announces Planned Executive Transition
November 19 2012 - 8:00AM
Marketwired
The board of directors of Dundee Precious Metals Inc.
(TSX:DPM)(TSX:DPM.WT.A) ("DPM" or "the Company") has announced
that, during 2013, Jonathan Goodman, President and CEO, will assume
the role of Executive Chairman of the board of DPM, where he will
continue to play a strong leadership role for the organization by
developing, and overseeing the execution of, the Company's
strategic plan.
At the same time, Rick Howes, the Executive Vice President and
Chief Operating Officer, will be appointed President and Chief
Executive Officer. Rick joined DPM in 2009 after a highly
successful career in key management roles at leading Canadian
mining companies, including Cominco, Falconbridge and Inco.
Initially, as General Manager of the Company's flagship operation
in Chelopech, he led a successful transformation of the mine,
establishing record production levels and securing significant cost
reductions. He was appointed COO in 2010 and has continued the
implementation of systems and best practices throughout the
organization to drive sustained performance.
William Wilson, Chairman, stated that this transition is "a
clear example of how an organization can manage the present and
anticipate the future with solid succession planning. Jonathan's
depth and experience with the investor community and financial
markets will perfectly complement Rick's leadership as he works to
deliver on the current business plan and prepare for future
growth."
Jonathan Goodman concluded, "DPM's vision is to develop great
assets and great people in a manner consistent with our core values
and to the benefit of all stakeholders. I look forward to working
with Rick and the leadership team as we continue to build a great
company."
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" that
involve a number of risks and uncertainties. Forward-looking
statements include, but are not limited to, statements with respect
to the future price of gold and silver, the estimation of mineral
reserves and resources, the realization of mineral estimates, the
timing and amount of estimated future production and output, costs
of production, capital expenditures, costs and timing of the
development of new deposits, success of exploration activities,
permitting time lines, currency fluctuations, requirements for
additional capital, government regulation of mining operations,
environmental risks, unanticipated reclamation expenses, title
disputes or claims, limitations on insurance coverage and timing
and possible outcome of pending litigation.
Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved. Forward-looking
statements are based on the opinions and estimates of management as
of the date such statements are made, and they involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any other future results, performance or
achievements expressed or implied by the forward-looking
statements. Such factors include, among others: the actual results
of current exploration activities; actual results of current
reclamation activities; conclusions of economic evaluations;
changes in project parameters as plans continue to be refined;
future prices of gold, copper, zinc and silver; possible variations
in ore grade or recovery rates; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes and
other risks of the mining industry; delays in obtaining
governmental approvals or financing or in the completion of
development or construction activities, fluctuations in metal
prices, as well as those risk factors discussed or referred to in
documents filed from time to time with the securities regulatory
authorities in all provinces and territories of Canada and
available at www.sedar.com. Although the Company has attempted to
identify important factors that could cause actual actions, events
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Unless required by securities laws, the Company undertakes no
obligation to update forward-looking statements if circumstances or
management's estimates or opinions should change. Accordingly,
readers are cautioned not to place undue reliance on
forward-looking statements.
About DPM
Dundee Precious Metals Inc. is a Canadian-based, international
gold mining company engaged in the acquisition, exploration,
development, mining and processing of precious metals. The
Company's principal operating assets include the Chelopech
operation, which produces a gold, copper and silver concentrate,
located east of Sofia, Bulgaria; the Deno Gold operation, which
produces a gold, copper, zinc and silver concentrate, located in
southern Armenia; and the Tsumeb smelter, a concentrate processing
facility located in Namibia. DPM also holds interests in a number
of developing gold properties located in Bulgaria, Serbia, and
northern Canada, including interests held through its 51.4% owned
subsidiary, Avala Resources Ltd., its 47.3% interest in Dunav
Resources Ltd. and its 10.7% interest in Sabina Gold & Silver
Corp.
Contacts: Dundee Precious Metals Inc. Jonathan Goodman President
& Chief Executive Officer (416)
365-2408jgoodman@dundeeprecious.com Dundee Precious Metals Inc.
Lori Beak, Senior Vice President, Investor & Regulatory Affairs
and Corporate Secretary (416) 365-5165lbeak@dundeeprecious.com
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