Well-Aligned with DPM’s Core Strengths and Unique Capabilities to Unlock Value
 

In 2021, DPM acquired the Loma Larga project, located in the Azuay province of Ecuador, approximately 30 kilometres southwest of the city of Cuenca.

Loma Larga is a high-quality underground development project which has similar geology, mining method and processing flowsheet as our Chelopech mine in Bulgaria, which DPM transformed into a world-class operation. With Loma Larga, we expect to leverage our proven strengths as an environmentally and socially responsible mining company to unlock the significant potential of the project for the benefit of all stakeholders.

As we advance Loma Larga, we will maintain our firm commitment to the highest standards of engagement with local communities and environmental stewardship. 

Since the acquisition of the Loma Larga gold project, DPM has made significant progress in its understanding of the development and operational parameters of the project. We have incorporated certain scope changes to the project as part of an updated feasibility study aimed at enhancing the project execution and meeting DPM’s operating standards. An updated feasibility study is currently in progress and is expected to be complete in the second quarter of 2025.

We view the Loma Larga gold project as a high‐quality advanced stage project with the potential to generate strong economic returns following the results of the ongoing optimization work.