Dundee Precious Mtl (TSE:DPM) has released an update.

Dundee Precious Metals Inc. has sold its Tsumeb smelter in Namibia to Sinomine Resource Group Co. Ltd. for $49 million, aligning with its strategy to concentrate on its core gold mining business and streamline its asset portfolio. The deal, which transfers all related assets and liabilities to Sinomine, marks a shift for Dundee Precious Metals, which had acquired the smelter in 2010 to process concentrate from its Chelopech mine. This move allows the company to utilize various other third-party processing facilities, enhancing the flexibility and reliability of its concentrate processing.

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