TSX: DPM

Gold:

Ada Tepe Mine, Bulgaria

High-Grade Open-Pit Demonstrating
Success in Maintaining Social License

 

Ownership 100%
Type Open pit gold mine
Mine Life 2026
2023 Production 134,200
2024 Production Guidance 90,000 - 110,000 gold ounces
2024 Guidance For All-In Sustaining Cost $710 - $830 per ounce of gold sold

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Ada Tepe in a high-grade, open-pit gold mine located three kilometres south of the municipality of Krumovgrad in southern Bulgaria. The mine is based on a conventional open-pit mining, crushing, milling and flotation processing circuit, with innovative water-management and waste management techniques that result in state-of-the-art environmental performance. 

Since commencing operations in 2019, Ada Tepe has continually delivered impressive performance, quarter after quarter, contributing substantial gold production and free cash flow to DPM’s portfolio.

The First New Mine in The Balkans in 40 Years image

The First New Mine in The Balkans in 40 Years

DPM acquired Ada Tepe in 2003 and spent over 15 years in planning and development, in order to receive environmental approvals and earn the social license of the project. We devoted significant efforts to engage with local stakeholders and address community and environmental concerns. This included the design and development of the Integrated Mine Waste Facility, which is the first of its kind in Europe. This innovative approach to tailings management stores tailings and waste rock within a specialized facility, which significantly reduces the mine’s overall footprint.

The mine’s construction was completed in 2019 on time and under budget, with a three-month ramp-up to full production. This remarkable achievement is a credit to our team’s dedication to sustainability, and to their years of engagement with local communities and authorities.

How we aim to achieve our corporate purpose - unlocking resources and generating value to thrive and grow together - is nowhere more evident than at Ada Tepe, where the region’s improved economic outlook is bringing previous residents back home. The area now enjoys Bulgaria’s highest population and income growth.

Sustainability Highlights

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Local municipality’s income and population have been restored to Bulgaria’s highest population, with the strongest growth rate in average income 

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Named most generous corporate donor in Bulgaria by the Bulgarian Donors Forum

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Fund for Small and Medium Enterprises benefits 20 projects, has generated 52 local jobs to date

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Named “Best Practice” for biodiversity management in protecting endangered species of tortoises near our operations

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First new mine in the protected Natura 2000 biodiversity-rich zone 

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Transparent environmental monitoring provides real-time data to stakeholders

Technical Reports and Public Disclosure Documents

For more information on upcoming or ongoing projects or initiatives at ADA TEPE: 

Feb 22
NI 43-101 Technical Report - Mineral Resource and Mineral Reserve Update for the Ada Tepe Mine, Krumovgrad, Bulgaria
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Dec 08
Summary Speed Bumps
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Dec 08
Notification Investment Project Speed Bumps
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Dec 08
Investment Project Summary
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Dec 08
Notification
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Apr 28
DPMК Receiving Opinions, Suggestions and Grievances
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Dec 01
Stakeholder Engagement Plan
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Dec 11
Investment Project Summary - Oil Lubricant Storage
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Environmental Reports

Dec 31
Water Monitoring Report 2023
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Dec 31
Water Monitoring Report 2023(Bulgarian Version)
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Mar 31
Water Monitoring Report 2022
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Mar 31
Water Monitoring Report 2022 (Bulgarian Version)
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Nov 30
Water Monitoring Report 2021
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Aug 31
Water Monitoring Report 2020
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Jan 29
Water Monitoring Report 2019
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Jan 31
Water Monitoring Report 2017
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Mar 31
Internal Monitoring Report 2016
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Jun 30
Water Monitoring Report 2016
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Jan 29
Internal Monitoring Report 2015
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May 31
Water Monitoring Report 2015
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Approved Environmental Monitoring Plan

Dec 08
Monitoring Plan
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ESIA Disclosure Package

Dec 08
All Articles
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Dec 08
Summary_Investment-project_Oil-Lubricant-Storage.pdf
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Dec 31
101222_Final_Ada_Tepe_EN,0.pdf
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Oct 16
A150-14-R2241 Air Quality Management Plan_EN.pdf
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Oct 13
A150-14-R2243 IMWF Liner Evaluation_EN.pdf
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Oct 20
A150-14-R2244 Framework Traffic Management Plan_EN.pdf
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Nov 28
A150-14-R2257 Framework Community Health Safety and Security Plan_EN.pdf
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Nov 28
A150-14-R2258_Ecosystem_Services_Report_EN.pdf
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Oct 13
A150-14-R2261 Hazardous Material Management Plan_EN.pdf
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Dec 02
A150-14-R2280_NTS_EN.pdf
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Nov 28
A150-14-R2282_SLIP_EN.pdf
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Dec 31
BAP_ EN.pdf
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Oct 14
Emergency Preparedness and Response Plan.pdf
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Dec 31
ESAP_EN.pdf
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Apr 30
Krumovgrad Final ESAP document.pdf
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Dec 31
Krumovrad Local EIA 2010 Main Report ENG.pdf
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Dec 31
Monitoring Plan Krum_BG_221010_Final_EN Translation.pdf
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Sep 30
Preliminary_GHG_Inventory_EN.pdf
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Dec 31
SEP_EN.pdf
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Jul 18
SIA Scoping Study_EN.pdf
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Sep 30
SIA_Baseline_EN.pdf
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Dec 03
SIA_EN.pdf
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Sep 30
Visual Impact Assessment_EN.pdf
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Biodiversity Reports