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Dundee PRECIOUS METALS DUNDEE PRECIOUS METALS ANNOUNCES 2021 THIRD QUARTER RESULTS ; DELIVERS ANOTHER QUARTER OF STRONG FREE CASH FLOW ( All monetary figures are expressed in U.S. dollars unless otherwise stated ) Toronto , Ontario , November 11 , 2021 - Dundee Precious Metals Inc. ( TSX : DPM ) ( " DPM " or the " Company " ) today announced its operating and financial results for the third quarter of 2021. All operational and financial information contained in this news release are related to continuing operations , unless otherwise stated . THIRD QUARTER FINANCIAL AND OPERATING HIGHLIGHTS : • • Metals production tracking well to meet 2021 guidance - Produced 71,755 ounces of gold and 8.3 million pounds of copper . On track to meet 2021 metals production guidance ; Continued focus on cost performance at all operations - Achieved an all - in sustaining cost per ounce of gold ( 1 ) of $ 701 and a cash cost per tonne of complex concentrate smelted ( 1 ) of $ 393 . Year - to - date all- in sustaining cost per ounce of gold of $ 621 was below the low end of the guidance ; • Strong free cash flow - Continued to generate significant free cash flow during the quarter , achieving • • $ 41.0 million in cash flow from operating activities and $ 68.5 million of free cash flow ( ¹ ) ; Solid quarterly earnings- Generated net earnings attributable to common shareholders from continuing operations of $ 50.4 million and adjusted net earnings ( 1 ) of $ 52.5 million or $ 0.28 per share ; Growing financial strength - Ended the quarter with $ 269.5 million in cash and short term investments , an undrawn $ 150 million long - term revolving credit facility ( " RCF ” ) , as well as an investment portfolio of $ 48.5 million and no debt ; • Returning cash to shareholders – Declared third quarter dividend of $ 0.03 per common share payable on January 15 , 2022 to shareholders of record on December 31 , 2021 and repurchased 1,571,500 common shares under the Normal Course Issuer Bid ( " NCIB " ) ; and • Acquisition of a high - quality development project - Completed acquisition of INV Metals Inc. ( " INV " ) during the quarter , adding Loma Larga , a gold development project with robust economics located in Ecuador . " With continued strong gold and copper production and impressive all - in sustaining cost performance , we generated over $ 186 million dollars of free cash flow year - to - date , " said David Rae , President and Chief Executive Officer . “ Based on our strong operating performance and our outlook for the balance of the year , our mining operations are on track to achieve their 2021 guidance . " " During the quarter , we completed the acquisition of the Loma Larga gold project , adding a high - quality , advanced stage gold asset to our development pipeline with the potential to generate meaningful production growth and significant value for our stakeholders . We are encouraged by the progress being made since closing and the government support we are receiving in Ecuador . " 1