Dundee Precious Metals Inc. (TSX: DPM) reported its preliminary gold and copper production for Q4 and FY 2024. Both Chelopech and Ada Tepe mines achieved their annual production guidance, marking DPM’s tenth consecutive year meeting gold production targets.
Chelopech processed 2,143.7 Kt of ore, producing 167,000 ounces of gold and 29.7 million pounds of copper for the year, while Ada Tepe processed 772.4 Kt, yielding 94,300 ounces of gold. Consolidated annual production totaled 261,300 ounces of gold and 29.7 million pounds of copper. The Q4 results were highlighted by Ada Tepe’s strongest quarter with 29,000 ounces of gold produced.
Additionally, DPM concluded a tolling agreement, receiving $162M from Sinomine Resource Group, and maintained capital returns through share repurchases ($50M in 2024) and dividends ($0.04/share payable January 15, 2025).
