Record Financial Results
Dundee Precious Metals delivered record revenue, earnings, and free cash flow due to high-margin production and favorable gold prices. Revenue was $186 million, a 19% increase from 2024, and the company generated a record $95 million in free cash flow.
Proposed Acquisition of Adriatic Metals
The proposed acquisition of Adriatic Metals is seen as a strategic step, creating a premier mining business poised for peer-leading growth. The shareholder vote is scheduled for August 13, and the transaction is anticipated to close in the fourth quarter.
Strong Production and Cost Management
Solid production of 61,000 ounces of gold and 6.4 million pounds of copper was achieved, with strong margins and all-in sustaining costs of $1,011 per ounce of gold. Chelopech produced 47,000 ounces of gold at a low all-in sustaining cost of $682 per ounce.
Advancement in Loma Larga Project
A significant milestone was achieved with the receipt of the environmental license for the Loma Larga project in Ecuador, allowing the company to resume drilling with a planned 23,000-meter campaign.