We already have strong production and cash flow from our Chelopech Mine. It now produces about 190,000 to 200,000 ounces of gold. Though, we have two strong, free cash flowing assets in our Chelopech Mine in Bulgaria. Krumovgrad will be a significant gold producer. We will produce approximately 100,000 ounces of gold per year.
Dundee Precious Metals Inc. is a Canadian based, international gold mining company. Consequently, it is engaged in the acquisition of mineral properties, exploration, development, mining and processing of precious metals. The Company’s operating assets include the Chelopech operation. Moreover, it produces a copper concentrate containing gold and silver. And also a pyrite concentrate containing gold, located east of Sofia. Bulgaria and the Tsumeb smelter is a complex copper concentrate processing facility located in Namibia. DPM also holds interests in a number of developing gold. However, its exploration properties are located in Bulgaria, including the Krumovgrad gold project. It is expected to commence production in the first quarter of 2019. Canada and Serbia are in 10.5% of interest.
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