Approx. 200,000 oz of Gold From the Chelopech Mine
“We already have strong production and cash flow from our Chelopech Mine. It now produces about 190,000 to 200,000 ounces of gold. We have two strong, free cash flowing assets in our Chelopech Mine in Bulgaria and our Tsumeb Smelter in Namibia. Krumovgrad will be a significant gold producer, we will produce approximately 100,000 ounces of gold per year.” – Rick Howes, President and CEO of Dundee Precious Metals
Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the acquisition of mineral properties, exploration, development, mining and processing of precious metals. The Company’s operating assets include the Chelopech operation, which produces a copper concentrate containing gold and silver and a pyrite concentrate containing gold, located east of Sofia, Bulgaria; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia. DPM also holds interests in a number of developing gold and exploration properties located in Bulgaria, including the Krumovgrad gold project, which is expected to commence production in the first quarter of 2019, Canada and Serbia, and its 10.5% interest in Sabina Gold & Silver Corp.
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