Dundee Precious Metals (DPM), a Canada-based mining company, announced that its Bulgarian mines—Ada Tepe and Chelopech—have met their production guidance for 2024, based on preliminary results.
DPM’s president and CEO, David Rae, expressed satisfaction with the performance, stating that the company ended 2024 on a high note, with Ada Tepe achieving its highest quarterly production of the year, and Chelopech maintaining its strong operational track record.
The Ada Tepe mine produced approximately 94,300 ounces of gold in 2024, including 29,000 ounces in the fourth quarter, when mining operations returned to budgeted levels and met expectations.
Meanwhile, the Chelopech mine produced about 167,000 ounces of gold and 29.7 million pounds of copper. In the final quarter, Chelopech yielded 41,900 ounces of gold and 7.8 million pounds of copper.
The company had projected total gold production from both mines to fall between 245,000 and 285,000 ounces, with copper production expected to range from 29 to 34 million pounds.
