Canadian miner Dundee Precious Metals has agreed to purchase UK-based Adriatic Metals for US$1.3 billion, adding the underground Vareš silver operation in Bosnia and Herzegovina to its portfolio. “Vareš is a logical fit with our portfolio, as it significantly increases DPM’s mine life while adding near-term production growth, a highly prospective land package, and cash flow diversification,” said David Rae,…
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In its recently released 2022 Sustainability Report, Dundee Precious Metals highlighted a pilot project, in partnership with Sandvik, at its Chelopech and Ada Tepe mines in Bulgaria that will pave the way for the electrification of its mines. The Canadian-based gold miner purchased three electrified heavy-duty Sandvik vehicles – a Solo drill, a loader, and a truck – for the…
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International gold miner Dundee Precious Metals has confirmed that it has a secure power supply to its Bulgarian operations despite Russia’s suspension of natural gas deliveries to the country. Officials for the Canadian-headquartered company said that operations at its Chelopech and Ada Tepe mines have been unaffected by the stoppage, and it also does not anticipate any impact on its…
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