Canada’s Dundee Precious Metals has announced a mine life extension and updated mineral resource and mineral reserve estimate for its Chelopech gold mine in Bulgaria.
The 10% net addition to the mine’s mineral reserves translates into an addition of 3.9 million tonnes “which more than offset 2020 production depletion of 2.2M t for a net addition of 1.7M t,” the miner said in a state-ment.
“Relative to the previous Mineral Reserve estimate, this represents an increase of 10% in tonnage and an increase in metal content of 5% for gold, 13% for silver and 3% for copper,” according to Dundee Precious Metals.
The updated life of mine “plan adds approximately 228,000 oz. of gold production and 43M lbs of copper production between 2021 and 2029,” the statement said.
Dundee Precious Metals runs projects in Bulgaria, Namibia and Serbia.