Dundee exceeds its gold production targets

14 January 2021 | Sakenuus
PHILLEPUS UUSIKU

Dundee Precious Metals (DPM) has not experienced any material disruptions to its operations as a result of the Covid-19 pandemic.

The company exceeded its production targets, with total gold production for the year being at the high end of the company’s 2020 guidance range.

The preliminary production results include both of its mines in Bulgaria and Tsumeb.

“Our impressive operating results throughout the year reflect outstanding efforts by our teams to effectively manage the challenges of the Covid-19 pandemic while continuing to prioritize the health and safety of our workforce and local communities,” said David Rae, the Chief Executive Officer (CEO) of Dundee.

The Tsumeb smelter processed approximately 231 900 tonnes of complex concentrate in 2020. During the fourth quarter, approximately 52 500 tonnes of complex concentrate were processed, reflecting a 4-day shutdown following the previously announced employee fatality in November, as well as maintenance activities in the converter area of the facility, he said.

Mines in Bulgaria

Ada Tepe delivered impressive performance in 2020, producing 118 7000 gold ounces, which exceeded its gold production guidance of 94 000 to 115 000 ounces.

Chelopech continued its consistent track record in 2020, producing 179,600 ounces of gold and 35.6 million pounds of copper, achieving the high end of its gold production guidance of 163 000 to 184 000 ounces and meeting its guidance for copper production of 35 to 40 million pounds, Rae pointed out.

On December 8, 2020, DPM announced a 50% increase to its quarterly dividend from US$0.02 per share to US$0.03 per share. – [email protected]

Soortgelyk

 

Nege sterftes, 307 nuwe gevalle

10 ure gelede | Gesondheid

Nege nuwe Covid-19-verwante sterftes het die getal vir Namibië sedert die uitbreking van die Covid-19-pandemie in Maart verlede tot 328 opgestoot. Dit sluit vier in...

Hof sal later sê of Shoprite bevel geminag het

12 ure gelede | Howe

Regter Collins Parker sal op 15 Februarie 2021 uitspraak lewer in die teenaansoek deur die Namibiese Unie vir Voedsel- en Verwante Werkers (Nafau) teen Shoprite...

Eloïse bring dalk storms

16 ure gelede | Weer

Elvira Hattingh - Die tropiese depressie, of dit wat oorgebly het van wat aanvanklik sikloon Eloïse was, kan vanaf môre vir kwaai storms in Namibië...

Swakoppoortdam loop oor

1 dag gelede | Weer

Die Swakoppoortdam, een van die drie damme wat ook vir Windhoek van water voorsien, het gister begin oorloop. Volgens die NamWater se damverslag van gister...

Voorvaderlike eise: Alle grond benut

1 dag gelede |

Mathias Haufiku en Ogone TlhageDaar is tans geen oop grond in Namibië beskikbaar nie aangesien alles benut word. Die Kommissie van Ondersoek na Voorvaderlike Grondregte...

Woestynrivier laat lóóp

1 dag gelede | Weer

Mnr. Joseph Kafunda het Sondag die Kuisebrivier in volle vloed by die Kuiseb-brug op die C14-pad afgeneem. Sy foto’s is op die Facebook-blad, Reën in...

Noorde: Té nat én té droog

1 dag gelede | Weer

Elvira Hattingh – Terwyl boere in Namibië se Mieliedriehoek reeds drie weke lank wag dat die reën hulle net ’n paar dae kans moet gee...

Making the art of painting look easy

1 dag gelede | Mense

Enzo AmueleBorn in the early ’90s, the cool and calm Nambowa Malua has been drawing since he was a child and has made art look...

Shoprite steeds in die hof

1 dag gelede | Arbeid

Augetto Graig en Elvira HattinghDie staking by Shoprite is ná meer as ’n maand verby, maar die hofgeveg wat daaruit gespruit het, woed opnuut vanoggend...