Corporate Profile
DPM is a Canadian-based, international mining company engaged in the acquisition, exploration, development and mining and processing of precious metal properties. Its common shares and share purchase warrants (symbols: DPM; DPM.WT; DPM.WT.A) are traded on the Toronto Stock Exchange (“TSX”). DPM’s business objectives are to identify, acquire, finance, develop and operate low-cost, long-life mining properties.
The Company’s operating interests include its 100% ownership of Chelopech Mining EAD (“Chelopech”), a gold, copper, silver concentrates producer, owner of the Chelopech mine located approximately 70 kilometres east of Sofia, Bulgaria, 100% ownership of Namibia Custom Smelters (Pty) Ltd. (“NCS”) and a 95% interest in Vatrin Investment Limited, a private entity which holds 100% of Deno Gold Mining Company CJSC (“Deno Gold”), its principal asset being the Kapan mine, a gold, copper, zinc, silver concentrates producer located about 320 kilometres south east of the capital city of Yerevan in Southern Armenia. DPM’s interests also include a 100% interest in the Krumovgrad development stage gold property located in south eastern Bulgaria, near the town of Krumovgrad, and numerous exploration properties in one of the larger gold-copper-silver mining regions in Serbia.
Background
For over 20 years Dundee Precious Metals was a closed end fund with 75% of its investments in the gold mining industry.
In September of 2003, after an extensive due diligence, DPM acquired two gold assets in Bulgaria, “Chelopech”, a producing gold mine and “Krumovgrad”, currently a feasibility stage gold project.
With the approval of its shareholders, DPM finalized its conversion into a gold mining company in April of 2004, with the Bulgarian assets as the initial platform for its operating activities.
Corporate Objective and Strategy
DPM’s business objectives are to identify, acquire, finance, develop and operate low cost, long life mining properties.
The Corporation is committed to create shareholder value through its disciplined but opportunistic business model. DPM has assembled a pipeline of mining projects at various stages of development. The Corporation currently has projects in: (1) the operating and redevelopment stage; (2) the feasibility and development stage; (3) the scoping and advanced exploration stage; and (4) the early exploration stage. DPM intends to maximize the potential of and realize value through the exploration, development and operation of its existing properties.