Dundee Precious Metals Inc is an international mining company focused on the production and exploration of precious metals.
The diversified mining company is domiciled in Toronto, Canada.
The company is engaged in the development, production, exploration, acquisition, processing and mining of silver, copper, and gold minerals.
Dundee Precious Metals principal operations include its ownership interests in:
Ada Tepe Mine
Reportedly, Bulgaria's first greenfield mine, Dundee Precious Metals Krumovgrad, a wholly-owned subsidiary, has 100 per cent ownership interest. Krumovgrad produces gold concentrates which are later shipped for further refining and processing. The company acquired this open-pit gold mine, located in southeastern Bulgaria, in 2003.
It is an underground gold, copper and silver mine located east of Bulgaria's national capital, Sofia. The company operates the mine through its wholly-owned subsidiary Dundee Precious Metals Chelopech. Nearly 1.6 million ounces of gold and 336 million pounds of copper are proven and probable reserves at the mine. The company acquired the Bulgarian asset in 2003.
Tsumeb Complex: It is a specialty smelter of Dundee Precious Metals located in Namibia's Tsumeb region. The company acquired ownership stake in the smelter operation in March 2010.
The facility consists of the Ausmelt furnace, a primary smelting furnace, and other necessary equipment such as smith converters, baghouses, cooling towers, voltage distribution sub-stations, material handling units, oxygen facilities, a fume extraction system and a sulphuric acid plant.
This Namibia-based facility is reportedly the world's only smelter that can process complex copper concentrates.
In 2020, the Tsumeb facility reportedly smelted 232,000 tons of concentrates.
Dundee Precious Metals Inc is also focusing on the Timok Gold Project in Siberia. In July 2019, the company initiated a pre-feasibility study for the economic assessment of the project.
Under the trading symbol ‘DPM’, the common stocks trade on the Toronto Stock Exchange (TSX).
1 Adelaide Street East Suite 500, P.O. Box 195 Toronto, Ontario, Canada, M5C 2V9