Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the acquisition, exploration, development, mining and processing of precious metals.
DPM’s principal subsidiaries include:
- Chelopech Mining (Chelopech), which owns and operates a gold, copper and silver mine located east of Sofia, Bulgaria;
- Deno Gold Mining Company (Kapan), which owns and operates a gold, copper, zinc and silver mine located in Kapan in southern Armenia;
- Balkan Mineral and Mining (Krumovgrad), focused on the development of a gold property located in Krumovgrad in southeastern Bulgaria; and
- Namibia Custom Smelters (Tsumeb), which owns and operates the company’s concentrate processing facility located in Tsumeb, Namibia.
DPM also has a 53.1% and a 45.5% ownership interest in Avala Resources Ltd. (Avala) and Dunav Resources Ltd. (Dunav), respectively. Both companies are focused on early-stage exploration and pre-development projects in Serbia.
For over 20 years DPM was a closed end fund with 75% of its investments in the gold mining industry. In September of 2003, after an extensive due diligence, DPM acquired two gold assets in Bulgaria, Chelopech, a producing gold mine and Krumovgrad, currently a feasibility stage gold project. With the approval of its shareholders, DPM finalized its conversion into a gold mining company in April of 2004, with the Bulgarian assets as the initial platform for its operating activities.
Corporate Objective and Strategy
The Company is committed to creating shareholder value in a safe and socially responsible manner through a disciplined but opportunistic business model and to maintaining a strong financials at all times. Maximizing the value of our existing operating assets through exploration, development and optimizing their operational output is a key component of our strategy. To that end, DPM has assembled and continues to grow a pipeline of mining and processing projects at various stages of development that will ultimately serve to fuel further growth.