Dundee Precious Metals (DPM), a Canada-based company, announced that its Bulgarian mine, Chelopech, maintained its robust performance by delivering 37,500 ounces of gold in the first quarter of 2024. Despite slightly lower copper production of 6.7 million pounds due to decreased copper grades, as outlined in a recent press release, Chelopech continues to demonstrate resilience. Additionally, DPM’s Ada Tepe mine in Bulgaria yielded 25,200 ounces of gold in the same period, aligning with expectations. Looking ahead, DPM anticipates total gold production ranging between 245,000 and 285,000 ounces for the year across both mines, with copper production estimated to fall between 29 and 34 million pounds. Both Chelopech and Ada Tepe remain on course to meet their production targets for the year, according to DPM’s projections. Notably, DPM extended the operational lifespan of its Chelopech mine until 2032 following revised mineral reserve assessments in November.
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