Dundee sets 3-year targets for Tsumeb Copper Smelter

 


Dundee Precious Metals is forecasting to smelt anything between 200 000 and 230 000 of complex concentrate copper at the Tsumeb Smelter per year for the next three years.

The Canadian company says this reflects a consistent throughput rate after resolving the water leak issue in the off-gas system by April 2023.

Dundee has contracted more than 90% of concentrate feed until the end of 2023.

The remaining feed in 2023 and additional feed after that are expected to be contracted in the normal course.

Sustaining capital expenditures are expected to be between US$14 million and US$17 million for each of 2023 and 2025.

For 2024, capital expenditure is expected to be between US$10 million and US$13 million, reflecting the timing of scheduled maintenance shutdowns based on an expected 18-month operating cycle for the Ausmelt furnace.

The company that announced its 2022 Financial Results and Improved Three-Year Outlook says Tsumeb smelted 174 122 tonnes of complex concentrate copper, 6% below the low end of the 2022 guidance range.

Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Namibia, Ecuador and Serbia. 

The Company’s purpose is to unlock resources and generate value to thrive and grow together. 

This overall purpose is supported by a foundation of core values, which guides how the Company conducts its business and informs a set of complementary strategic pillars and objectives related to ESG, innovation, optimizing our existing portfolio, and growth. 

The Company’s resources are aligned with its strategy to ensure that DPM delivers value for all its stakeholders. DPM’s shares are traded on the Toronto Stock Excha

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