Dundee Precious Metals Reports Q3 Gold Production and Announces Financial Results Timing
October 11, 2023
Dundee Precious Metals announced its production figures for the third quarter of 2023, covering both its mines and smelter.
Operational Highlights:
- Chelopech produced 40.3 K oz. of gold and 7.2 Mlbs. of copper during the third quarter, consistent with the company's projections. It remains on course to meet its 2023 production guidance.
- Ada Tepe reported production of 33.8 K oz. of gold in Q3, in line with predictions and attributed to higher grades as outlined in the mining plan. Ada Tepe's production is also aligned with its 2023 guidance.
- The Tsumeb smelter processed about 21.8 Kt of complex concentrate, indicating the execution of the planned Ausmelt maintenance shutdown. Following this, operations resumed, reaching full capacity by the end of September. Despite expectations of a surge in complex concentrate smelting in Q4 due to the enhanced operational efficacy after maintenance, it is still predicted to fall short of the annual guidance.
