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Dundee Precious Metals Announces Preliminary Second Quarter Production Results and Timing of Second Quarter Financial Results
Globenewswire·2025-07-08 10:45

Core Viewpoint - Dundee Precious Metals ("DPM") reported solid production results for Q2 and the first half of 2025, with gold and copper production increasing as planned, and both mines are on track to meet 2025 guidance [1][4]. Production Highlights - In Q2 2025, Chelopech processed 541.1 Kt of ore, producing 47.0 K oz. of gold and 6.4 M lbs. of copper, while Ada Tepe processed 189.9 Kt of ore, producing 14.1 K oz. of gold [2]. - Year-to-date (YTD) 2025, Chelopech produced 84.4 K oz. of gold and 12.3 M lbs. of copper, and Ada Tepe produced 26.6 K oz. of gold [2]. - Full-year guidance for 2025 includes consolidated production of 2,700 – 2,900 Kt of ore, 225 – 265 K oz. of gold, and 205 – 240 M lbs. of copper [2]. Operating Highlights - Chelopech's gold production met expectations, while copper production was slightly below plan due to lower grades; higher grades are expected later in the year [4]. - Ada Tepe's gold production is forecasted to nearly double in the second half of 2025 due to mine sequencing [5]. Return of Capital to Shareholders - In Q2 2025, DPM repurchased 2,431,548 common shares at an average price of US$13.50 per share, totaling approximately US$32.8 million; year-to-date repurchases amount to approximately US$116.1 million [6]. Dividend Announcement - DPM announced a quarterly dividend of US$0.04 per share, payable on July 15, 2025, to shareholders of record on June 30, 2025 [7]. Upcoming Financial Results - DPM plans to release its Q2 2025 operating and financial results on July 31, 2025, after market close [8].