July 25, 2016 / 3:52 PM / a year ago

BRIEF-Dundee Precious Metals announces power blackout in Namibia results in furnace outage

1 Min Read

July 25 (Reuters) - Dundee Precious Metals Inc

* Dundee Precious Metals announces power blackout in Namibia results in furnace outage

* Says outage is expected to reduce 2016 concentrate throughput by approximately 20,000 tonnes

* Dundee Precious Metals Inc says full investigation is currently being led by TSUMEB's management

* Outage resulted in damage to refractory lining of Ausmelt furnace, repair of which is expected to take about three weeks

* Says management believes that refractory lining will need to be fully replaced

* Vast majority of costs associated with repairing physical damage expected to be covered through company's insurance program Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

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