12 January, 2023

Dundee Precious Metals produced 273.1 koz of gold

Dundee Precious Metals reported on Tuesday that in 2022, the company produced 273.1 koz of gold, achieving annual production guidance of 250 – 290 koz of gold.

However, according to a press release, the company’s full year 2022 copper output of 30.8 million pounds was slightly below the guidance of 32 – 37 million pounds.

The company said that in 2022, Ada Tepe produced approximately 94,000 ounces of gold, which was towards the higher end of its annual production guidance for the year.

In 2022, Chelopech produced approximately 179,100 ounces of gold and 30.8 million pounds of copper, well-within its annual guidance for gold and slightly below the low end of the range for copper, it added.

“Our mining operations achieved impressive production results in the fourth quarter, as Ada Tepe delivered its highest quarterly gold production of the year and Chelopech continued its track record of strong performance,” stated President and CEO David Rae

He added, “2022 was another strong year for DPM, as we delivered robust gold production, advanced our organic growth projects, and ranked in the 91st percentile among mining and metals companies in the 2022 S&P Global Corporate Sustainability Assessment.”

Dundee Precious Metals is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Namibia, Ecuador and Serbia, Kitco reports.