| 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.
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.
Local municipality’s income and population have been restored to Bulgaria’s highest population, with the strongest growth rate in average income
Named most generous corporate donor in Bulgaria by the Bulgarian Donors Forum
Fund for Small and Medium Enterprises benefits 20 projects, has generated 52 local jobs to date
Named “Best Practice” for biodiversity management in protecting endangered species of tortoises near our operations
First new mine in the protected Natura 2000 biodiversity-rich zone
Transparent environmental monitoring provides real-time data to stakeholders
For more information on upcoming or ongoing projects or initiatives at ADA TEPE:
Environmental Reports
Approved Environmental Monitoring Plan
ESIA Disclosure Package
Biodiversity Reports
