Dundee Precious Metals completed the acquisition of Adriatic Metals for $1.3bn.

Dundee Precious Metals, a gold mining company, completed the acquisition of Adriatic Metals, a precious and base metals mining company, for $1.3bn. “Today is an exciting milestone for DPM. With the addition of the Vareš operation, DPM is a premier mining business with a peer-leading growth profile and a high-quality development and exploration pipeline. We will be leveraging our expertise in underground mining, our regional presence, successful track record of operations, optimization and project management, as well as our strong financial position, to further optimize and realize Vareš’ full value potential,” David Rae, DPM President and CEO.