On Friday, Dundee Precious Metals (TSX:DPM) unveiled its intention to purchase Adriatic Metals (LSE:ADT1) for approximately $1.3 billion. This transaction will grant Dundee full ownership of the Vareš mining project in Bosnia and Herzegovina, enhancing its asset base in the region.

With this acquisition, Dundee Precious Metals anticipates boosting its production capacity to around 425,000 gold equivalent ounces by 2027, reflecting expected growth from integrating Adriatic’s operations.

This move marks a significant strategic expansion for Dundee Precious Metals, aiming to solidify its foothold within the European mining industry through the addition of Adriatic’s valuable resources.

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