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Dundee delivers record output at Ada Tepe as Tsumeb disappoints

Record quarterly production at the Ada Tepe mine in Bulgaria left Dundee Precious Metals well positioned to hit its annual gold guidance range, but an extended furnace shut down at the Tsumeb smelter in Namibia saw the miner shave its annual projected concentrate figures for the asset by 11%.

Dundee delivers record output at Ada Tepe as Tsumeb disappoints Dundee delivers record output at Ada Tepe as Tsumeb disappoints Dundee delivers record output at Ada Tepe as Tsumeb disappoints Dundee delivers record output at Ada Tepe as Tsumeb disappoints Dundee delivers record output at Ada Tepe as Tsumeb disappoints

Dundee Precious Metals' Ada Tepe gold mine in Bulgaria broke a new production record in the first quarter

First quarter production at Ada Tepe hit 33,400 ounces  - marking a 28% jump from the 26,097oz posted in the previous quarter and beating US investment bank Stifel's forecast of 30,000oz.