Last C$4.17 CAD
Change Today -0.23 / -5.23%
Volume 271.1K
DPM On Other Exchanges
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As of 4:00 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

dundee precious metals inc (DPM) Snapshot

Open
C$4.39
Previous Close
C$4.40
Day High
C$4.40
Day Low
C$4.16
52 Week High
02/21/14 - C$6.20
52 Week Low
12/9/13 - C$2.50
Market Cap
585.9M
Average Volume 10 Days
619.5K
EPS TTM
C$-0.51
Shares Outstanding
140.5M
EX-Date
04/2/92
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DUNDEE PRECIOUS METALS INC (DPM)

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dundee precious metals inc (DPM) Details

Dundee Precious Metals Inc. is engaged in acquisition, exploration, development, mining, and processing of precious metals. It primarily explores for gold, copper, silver, and zinc deposits. The company’s principal properties include the Chelopech mine covering an area of approximately 266 hectares located to the east of Sofia, Bulgaria; the Kapan mine comprising an area of 176.3 square kilometers located in Kapan, southern Armenia; and the Tsumeb smelter, a specialty concentrate processing facility located in Tsumeb, northern Namibia. It also holds interests in various developing gold properties located in Bulgaria, Serbia, and northern Canada. The company was founded in 1983 and is headquartered in Toronto, Canada.

Founded in 1983

dundee precious metals inc (DPM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$546.3K
Executive Chairman
Total Annual Compensation: C$531.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$367.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: C$299.4K
Executive Vice President of Sustainable Busin...
Total Annual Compensation: C$385.0K
Compensation as of Fiscal Year 2013.

dundee precious metals inc (DPM) Key Developments

Dundee Precious Metals Announces Preliminary Economic Assessment on its Kapan Mine Expansion Study

Dundee Precious Metals Inc. announced the favorable technical results outlined in its preliminary economic assessment of the potential underground expansion project at its Kapan Mine in Armenia. Mineral Resources and LOM mineral inventory are based on the 2014 production schedule currently in operation at the Project, historic operating costs through to 2013, and projected metal prices of $1,250 per troy ounce for gold, $23 per troy ounce for silver, $2.75 per pound for copper, and $0.85 per pound for zinc. The Mineral Resources estimates ("MRE") have been classified as Indicated and Inferred, following the guidelines specified by the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") and adopted for technical reports in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Mineral Resources have been estimated as at December 31, 2013, and reported using a gold equivalent (Au + Cu x 1.20 + Ag x 0.02 + Zn x 0.34) cut-off of 2.24 g/t and a breakeven net smelter royalty ("NSR") methodology.

Dundee Precious Metals Inc. Announces Production Results for the Third Quarter and Nine Months Ended September 30, 2014

Dundee Precious Metals Inc. announced production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported ore milled of 505,211 tonnes and 105,738 tonnes at Chelopech and Kapan respectively. Concentrate smelted was 35,092 tonnes at Tsumeb. For nine months, the company reported ore milled of 1,526,124 tonnes and 295,632 tonnes at Chelopech and Kapan respectively. Concentrate smelted was 144,564 tonnes at Tsumeb.

Dundee Precious Metals to Start Gold Extraction at Bulgaria's Project

Dundee Precious Metals has sorted out the environmental issues and expects to start the construction of the gold mine at the Ada Tepe in southern Bulgaria at the turn of 2015-2016. The project, in which the company will invest $164 million (EUR 124 million), has received approval of the documentation and is currently undergoing administrative procedures. Works on the open-pit gold mine atop of the Ada Tepe hill will be as environment-friendly as possible and will cover an area of up to 85 hectares (ha), a significant reduction compared to the initially planned area of up to 320 ha, Garkov noted. The main concern of the local population is the pollution of the limited water resources in the area. DPM will produce gold concentrate rather than pure gold through crushing, grinding and floatation which requires a lot of water. The company plans to extract gold in a closed water cycle, Garkov explained, adding that if any water happens to be discharged it will be treated to drinking water quality. Another issue that has been solved is waste treatment. Waste rock and tailings will not be deposited in a separate precipitation pond but will be dried and sealed in the rocks in a sort of beehive cells. Exploitation of Ada Tepe mine will take no more than ten years. DPM expects to produce 10,000 tones of concentrate a year. The company has estimated it can extract 27 tones of gold from the deposits. The mine site is located some three kilometers south of the town of Krumovgrad, in southeastern Bulgaria, a region known for the high level of unemployment. The company promises to create 300 -320 jobs in the construction phase and 220 -250 during the exploitation of the mine.

 

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