NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES WHITE ROCK, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) -- TDG Gold Corp (TSXV: TDG, OTCQX:TDGGF) (the “Company” or “TDG”) is pleased to announce that it has entered into an amalgamation agreement with Anyox Copper Ltd. (“Anyox”) which holds the former producing Anyox Copper project, located on the northwest coast of British Columbia, and a wholly-owned subsidiary of TDG (“Subco”), dated June 16, 2025 (the ...

Core Viewpoint - Dundee Precious Metals Inc. has agreed to acquire Adriatic Metals plc for an implied equity value of approximately $1.3 billion, which will enhance DPM's asset portfolio and production capabilities through the acquisition of the Vareš operation in Bosnia and Herzegovina [1][3][6] Strategic Rationale - The acquisition of Vareš is expected to create a premier mining business with a strong growth profile and high-quality development pipeline [2][3] - Vareš will significantly increase DPM's mine life and provide near-term production growth, cash flow diversification, and a prospective land package [4][6] - The transaction is anticipated to unlock further value for shareholders of both companies and benefit local communities [4][6] Vareš Overview - Vareš is a high-grade precious metals underground mine with an initial operating life of 15 years and a prospective land package of 4,400 hectares [5][7] - The mine is expected to ramp up production to 425,000 gold equivalent ounces by 2027 [6] Technical Report Highlights - The independent technical report prepared for Vareš indicates a mineral reserve of 9.5 million tonnes with an average gold equivalent grade of 9.21 grams per tonne [10][11] - The life of mine operating costs are projected at $1,050 million, with an all-in sustaining cost of $893 per gold ounce [10][11] Financial Metrics - The base case NPV5% for Vareš is estimated at $1.6 billion, with projected post-tax cash flow of $2.1 billion over the initial mine life [11][12] - Initial capital expenditures for the project are estimated at $76 million, with sustaining capital of $143 million over the life of the mine [12] Transaction Summary - Under the terms of the transaction, Adriatic shareholders will receive 0.1590 DPM shares and 93 pence in cash for each Adriatic share, valuing each Adriatic share at £2.68 [13][14] - Post-transaction, DPM shareholders are expected to own approximately 75% of the enlarged issued share capital [16][18] Closing Conditions - The transaction is subject to approval from Adriatic shareholders, court approval, and regulatory approvals, including from the Bosnian Competition Council [17][18]

Core Viewpoint - Pan American Silver Corp. is acquiring MAG Silver Corp. to enhance its silver portfolio, particularly through the high-grade Juanicipio silver mine, which is expected to significantly increase Pan American's exposure to high-margin silver production [1][3][4]. Transaction Details - The acquisition involves a total consideration of approximately $2.1 billion, equating to $20.54 per MAG share, which includes $500 million in cash and 0.755 Pan American shares per MAG share [2][7]. - The consideration represents premiums of approximately 21% and 27% on a prorated basis compared to MAG's closing price and the 20-day volume weighted average price as of May 9, 2025 [2][4]. - Following the transaction, existing MAG shareholders will own about 14% of Pan American on a fully diluted basis [2][8]. Benefits to MAG Shareholders - MAG shareholders will receive an immediate premium and gain diversified exposure to Pan American's portfolio of ten silver and gold mines across seven countries [4][6]. - The transaction allows MAG shareholders to maintain exposure to the Juanicipio mine, which continues to show strong operational performance [4][6]. Strategic Rationale for Pan American - The acquisition is expected to de-risk MAG shareholders' concentrated interest in Juanicipio by converting it into equity ownership in a diversified silver producer [6]. - Juanicipio is forecasted to produce between 14.7 million ounces (Moz) and 16.7 Moz of silver in 2025, significantly contributing to Pan American's production [6][10]. - The transaction is projected to enhance Pan American's free cash flow generation, with Juanicipio expected to generate approximately $200 million in free cash flow in 2025 [6][10]. Operational and Financial Strength - The acquisition adds 58 Moz of silver to Pan American's proven and probable mineral reserves and strengthens its position as a leading silver producer [6][10]. - Pan American has a strong track record of returning capital to shareholders, having returned over $1.0 billion through dividends and buybacks since 2010 [6][10]. Closing and Approval Process - The transaction is expected to close in the second half of 2025, pending customary closing conditions and shareholder approval from MAG [9][10]. - All directors and executive officers of MAG have agreed to vote in favor of the transaction [9][12].