Dundee Precious Metals has advanced their Chelopech mine from bankruptcy into producing 222,000 ounces of gold equivalent in 2016.
Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the acquisition, exploration, development, mining and processing of precious metals.
DPM’s principal subsidiaries include:
Dundee Precious Metals Chelopech (Chelopech), which owns and operates a gold, copper and silver mine located east of Sofia, Bulgaria;
Dundee Precious Metals Krumovgrad (Krumovgrad), focused on the development of a gold property located in Krumovgrad in south eastern Bulgaria; and
Dundee Precious Metals Tsumeb (Tsumeb), which owns and operates the company’s concentrate processing facility located in Tsumeb, Namibia.
For over 20 years DPM was a closed end fund with 75% of its investments in the gold mining industry. In September of 2003, after an extensive due diligence, DPM acquired two gold assets in Bulgaria: Chelopech, a producing gold mine and Krumovgrad, currently a feasibility stage gold project. With the approval of its shareholders, DPM finalized its conversion into a gold mining company in April of 2004, with the Bulgarian assets as the initial platform for its operating activities.
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