TSX: DPM

Gold:

Chelopech Mine, Bulgaria

High-Quality Cornerstone Asset and
Center of Mining Innovation

Ownership 100%
Type Underground copper-gold mine
Mine Life 2032
Proven & Probable Mineral Reserve Estimates 1.6 million gold ounces 
305 million pounds of copper
2024 Production 167,029 ounces of gold
2024 Copper Production 30 million pounds of copper
2025 Production Guidance 160,000 - 185,000 ounces of gold
28 to 33 million pounds of copper
2025 guidance for All-In Sustaining Cost $550 - $650 per ounce of gold sold

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Chelopech is an underground copper-gold mine located in Bulgaria, approximately 75 kilometres east of the capital city of Sofia. Since acquiring the operation in 2003, DPM has transformed Chelopech into a world-class operation with leading operational and environmental performance.

Underground mining method consists of using sub-level long-hole open stoping with paste fill. Ore is crushed underground and transported to the surface using conveyors. Chelopech produces copper-gold and pyrite-gold concentrates that are shipped to global smelters for processing.

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Optimizing Performance and Reducing Costs

A multi-year capital investment program transformed Chelopech into a high quality, modern operation with strong production and low costs. Chelopech today has a solid track record of meeting or exceeding international standards for worker safety, environmental protection and sustainable development. 

Chelopech is a leader in digital innovation, achieving significant improvements in efficiency, environmental performance and worker safety. The mine has 100% reliable underground Wi-Fi coverage at 600 metres below ground level, and, in 2019, commissioned the industry’s first deep-learning autonomous drone working in an underground environment. 

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Track Record of Extending Mine Life

Chelopech’s long mine life extends to 2032, based on current mineral reserve estimates, with a strong mineral resource base.

There is strong potential to continue extending the mine’s life, with our demonstrated track record of converting mineral resources into mineral reserves, and our in-mine and growing brownfield exploration programs.

Sustainability Highlights

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One of the lowest greenhouse gas emissions intensity rates among gold mines globally

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Zero discharge of industrial wastewater for the past five concecutive years

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Named largest corporate donor in Bulgaria for six years in a row

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Nearby municipality has the one of the highest average salaries in Bulgaria

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70% reduction in fresh water used per tonne of ore processed

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Nearly 60 tonne reduction in annual dust emissions 

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Externally Recognized: Responsible Business Award in Investor in Community category by the Bulgarian Business Leaders Forum.

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Externally Recognized: For Executive Forestry Agency for active involvement, assistance, and lending of equipment to extinguish fires in the Rhodope Mountains.

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Externally Recognized: Care for Environment Award by the Bulgarian Mining Chamber for work on environmental sustainability.

Technical Reports and Public Disclosure Documents

For more information on upcoming or ongoing projects or initiatives at Chelopech: 

Jul 25
Information Preventive measures for safety and emergency readiness
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Feb 03
Notification Investment Project Chelopech-North
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Mar 31
NI 43-101 Technical Report - Mineral Resource and Mineral Reserve Update for the Chelopech Mine, Bulgaria
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