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Dundee Precious Metals Announces Preliminary Third Quarter Production Results and Timing of Third Quarter Financial Results
TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) today announced preliminary gold and copper productio
About this update from Dpm Metals Inc.
[{"type":"text","content":" TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) today announced preliminary gold and copper production results for the three and nine months ended September 30, 2024. “Chelopech continued to deliver strong results, consistent with its long track record. Gold production at Ada Tepe was impacted by temporary operational challenges during the quarter, which have now been resolved,” said David Rae, President and Chief Executive Officer. “With strong year-to-date results and production expected to increase in the fourth quarter, both mines are on track to achieve 2024 guidance.” Production Highlights Preliminary results for the third quarter and nine months of 2024 are provided in the table below: Ore processed Metals contained in concentrate produced Payable metals in concentrate sold (Kt) Gold(K oz.) Copper(Mlbs.) Gold(K oz.) Copper(Mlbs.) Q3 2024 Chelopech 512.8 43.9 7.3 37.7 6.5 Ada Tepe 198.3 16.2 – 15.5 – Consolidated 711.1 60.1 7.3 53.2 6.5 First nine months of 2024 Chelopech 1,592.9 125.1 21.9 105.1 18.4 Ada Tepe 574.9 65.3 – 64.1 – Consolidated 2,167.8 190.4 21.9 169.2 18.4 2024 full-year guidance(1) Chelopech 2,090 – 2,200 155 – 175 29 – 34 130 – 145 23 – 27 Ada Tepe 710 – 800 90 – 110 – 80 – 100 – Consolidated 2,800 – 3,000 245 – 285 29 – 34 210 – 245 23 – 27 (1) As disclosed in Management’s Discussion and Analysis (“MD&A”) for the quarter ended June 30 2024, issued on August 1, 2024, available at www.sedarplus.ca and at www.dundeeprecious.com. Operational Highlights Chelopech produced approximately 43,900 ounces of gold and 7.3 million pounds of copper in the third quarter. Gold production was in-line with expectations, while copper production was slightly lower than planned. Chelopech is on-track to achieve its 2024 guidance targets for gold and copper production. Ada Tepe produced approximately 16,200 ounces of gold in the third quarter, which was lower than planned. This was a result of lower than expected grades, recoveries and fleet availability, as well as low rainfall in the region during the quarter. DPM anticipates increased production in the fourth quarter as mining has transitioned to an area of the pit with higher grade...