Dundee Precious Metals Announced Q1 2025 Production Results

The Ada Tepe mine produced approximately 12,500 ounces of gold in the first quarter, in line with expectations.

SEATTLE (Scrap Monster):Production data for the quarter ending March 31, 2025, were released by Dundee Precious Metals Inc., a Canadian international gold mining firm with operations in Bulgaria, Ecuador, and Serbia.

As anticipated, the Chelopech mine of the firm yielded 5.9 million pounds of copper and almost 37,400 ounces of gold in the first quarter. The mine is on course to meet its annual production targets, and Q2 is predicted to see a rise in the grades of copper and gold.

As anticipated, the Ada Tepe mine produced about 12,500 ounces of gold in the first quarter. Compared to the second half of this year, the mines are expected to stay almost 50% lower in the first half. Additionally, Ada Tepe is on course to meet its annual gold output targets.

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According to a corporate news release, shareholders of record on March 31, 2025, will receive a quarterly dividend of US$0.04 per share on April 15, 2025.

President and CEO David Rae stated that the company's first-quarter gold production was strong and that it anticipates increased production in the second half of the year.

On Tuesday, May 6, 2025, following market close, the company will announce its operating and financial results for the first quarter of 2025. The results will be discussed via a conference call and audio webcast on Wednesday, May 7, 2025 at 9 AM EDT, followed by a Q&A session.

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