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Dundee Precious Announces First Quarter 2021 Preliminary Production Results
TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) announced preliminary production results from both o
About this update from Dpm Metals Inc.
[{"type":"text","content":" TORONTO, April 09, 2021 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) announced preliminary production results from both of its mines and smelter for the three months ended March 31, 2021. The Company confirmed that its mining operations are on track to meet previously issued guidance for 2021 and provided updated guidance for its Tsumeb smelter in Namibia. “The first quarter was a solid start to the year, which included a new record for quarterly gold production at Ada Tepe,” said David Rae, President and CEO. “With the completion of the planned maintenance at the Tsumeb smelter, we resumed full operations at the end of March and expect stronger smelter performance for the balance of the year.” Production Highlights Preliminary results for the first quarter are provided in the table below: Ore processed Metals contained inconcentrate produced Payable metals inconcentrate sold Complexconcentrate smelted (Kt) Gold(K oz.) Copper (Mlbs) Gold(K oz.) Copper (Mlbs.) (Kt) Q1 2021 Chelopech 543.6 36.9 7.2 35.5 7.3 - Ada Tepe 218.7 33.4 - 33.0 - - Tsumeb - - - - - 23.0 Consolidated 762.3 70.3 7.2 68.5 7.3 23.0 2021 full-year guidance(1) 2,925 – 3,125 271 – 317 34 – 39 243 – 285 31 – 36 200 – 220 (1) As disclosed in Management’s Discussion and Analysis (“MD&A”) for the year ended December 31, 2020, issued on February 11, 2021 and available at www.sedar.com and at www.dundeeprecious.com. Guidance for Tsumeb has been revised to 200 – 220Kt from previously issued guidance for 2021 of 220 – 250 Kt.Operational Highlights Ada Tepe continued to deliver impressive performance, achieving a new quarterly record for gold production of approximately 33,400 ounces, which was slightly ahead of expectations. Ada Tepe is on track to achieve its previously issued 2021 guidance. Chelopech produced approximately 36,900 ounces of gold and 7.2 million pounds of copper in the first quarter, which was slightly lower than forecast due to lower copper grades as well...