Well-Aligned with DPM’s Core Strengths and Unique Capabilities to Unlock Value
 

In 2021, DPM acquired the Loma Larga project, located in the Azuay province of Ecuador, approximately 30 kilometres southwest of the city of Cuenca.

Loma Larga is a high-quality underground development project which has similar geology, mining method and processing flowsheet as our Chelopech mine in Bulgaria, which DPM transformed into a world-class operation. With Loma Larga, we expect to leverage our proven strengths as an environmentally and socially responsible mining company to unlock the significant potential of the project for the benefit of all stakeholders.

As we advance Loma Larga, we will maintain our firm commitment to the highest standards of engagement with local communities and environmental stewardship. 

The feasibility study, completed in 2020, indicates that Loma Larga has the potential to produce an annual average of approximately 200,000 ounces of gold in its first five years of operation. Life of mine production is expected to be approximately 170,000 ounces of gold per year.

Since the acquisition of the Loma Larga gold project, DPM has made significant progress in its understanding of the development and operational parameters of the project. We have incorporated certain scope changes to the project as part of an updated feasibility study aimed at enhancing the project execution and meeting DPM’s operating standards.

We view the Loma Larga gold project as a high‐quality advanced stage project with the potential to generate strong economic returns following the results of the ongoing optimization work.