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Dundee Precious Metals Delivers Another Quarter of Strong Gold Production; Announces Third Quarter 2021 Preliminary Production Results
TORONTO, Oct. 08, 2021 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) announced preliminary production results from both of
About this update from Dpm Metals Inc.
[{"type":"text","content":" TORONTO, Oct. 08, 2021 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) announced preliminary production results from both of its mines and the smelter for the three and nine months ended September 30, 2021. “During the quarter, we continued to deliver strong operating performance at both of our mines, as well as improving smelter performance,” said David Rae, President and Chief Executive Officer of Dundee Precious Metals. “We are also encouraged by the progress being made at our Loma Larga project and the government support we are seeing in Ecuador, following closing of the acquisition in the quarter.” Production Highlights Preliminary results for the third quarter and first nine months of 2021 are provided in the table below: Ore processed Metals contained in concentrate produced Payable metals in concentrate sold Complex concentrate smelted (Kt) Gold(K oz) Copper(Mlbs) Gold(K oz) Copper(Mlbs) (Kt) Q3 2021 Chelopech 558.0 38.4 8.4 34.3 7.8 - Ada Tepe 220.6 33.3 - 32.2 - - Tsumeb - - - - - 55.1 Consolidated 778.6 71.7 8.4 66.5 7.8 55.1 YTD 2021 Chelopech 1,637.2 128.0 25.5 109.0 24.5 - Ada Tepe 646.3 99.2 - 96.5 - - Tsumeb - - - - - 137.7 Consolidated 2,283.5 227.2 25.5 205.5 24.5 137.7 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 quarter ended June 30, 2021, issued on July 29, 2021 and available at www.sedar.com and at www.dundeeprecious.com Ada Tepe continued its track record of strong performance during the third quarter, producing approximately 33,300 gold ounces, which was better than planned as a result of higher-than-expected gold grades. Chelopech also performed well during the third quarter, producing approximately 38,400 ounces of gold and 8.4 million pounds of copper, reflecting mining of lower copper and gold grade zones. Both Chelopech and Ada Tepe are on track to achieve 2021 production guidance. The Tsumeb smelter processed approximately 55,100 tonnes of complex concentrate during the third quarter, in line with recent quarterly performance but below expectation. As a result of a water leak in the offgas system, which has the potential to re...