Dundee Precious Metals Inc. (DPM) exceeded expectations with both mines achieving annual production guidance. Ada Tepe reached its highest quarterly production while Chelopech maintained its consistent performance.
Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) announced preliminary gold and copper production results for the three and twelve months ended December 31, 2024, with both mines achieving annual production guidance. Ada Tepe delivered its highest quarterly production of the year, and Chelopech continued its long track record of performance. The increased production was in-line with expectations, as mining returned to budgeted rates.
DPM received a cash payment of approximately US$162 million from a subsidiary of Sinomine Resource Group Co. Ltd., and concluded the DPM Tolling Agreement. In line with our disciplined capital allocation framework, DPM continues to return capital to shareholders through a sustainable quarterly dividend and share repurchases under its normal course issuer bid. During the fourth quarter, DPM repurchased 2,309,947 common shares at an average price of US$9.40 (Cdn$13.27) per share for a total of approximately US$21.7 million. In 2024, the Company repurchased 5,709,458 common shares at an average price of US$8.76 (Cdn$12.13) per share for a total of approximately US$50.0 million
Mining Production Gold Copper Capital Allocation
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