Chelopech Mine, Bulgaria

High-Quality Cornerstone Asset and
Center of Mining Innovation

Ownership 100%
Type Underground copper-gold mine
Mine Life 2032
Proven & Probable Mineral Reserve Estimates 1.6 million gold ounces 
305 million pounds of copper
2023 Production 161,872
2024 Production Guidance 155,000 - 175,000 ounces of gold
29 to 34 million pounds of copper
2024 guidance for All-In Sustaining Cost $650 - $790 per ounce of gold sold

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Chelopech is an underground copper-gold mine located in Bulgaria, approximately 75 kilometres east of the capital city of Sofia. Since acquiring the operation in 2003, DPM has transformed Chelopech into a world-class operation with leading operational and environmental performance.

Underground mining method consists of using sub-level long-hole open stoping with paste fill. Ore is crushed underground and transported to the surface using conveyors. Chelopech produces copper-gold and pyrite-gold concentrates that are shipped to global smelters for processing.

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Optimizing Performance and Reducing Costs

A multi-year capital investment program transformed Chelopech into a high quality, modern operation with strong production and low costs. Chelopech today has a solid track record of meeting or exceeding international standards for worker safety, environmental protection and sustainable development. 

Chelopech is a leader in digital innovation, achieving significant improvements in efficiency, environmental performance and worker safety. The mine has 100% reliable underground Wi-Fi coverage at 600 metres below ground level, and, in 2019, commissioned the industry’s first deep-learning autonomous drone working in an underground environment. 

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Track Record of Extending Mine Life

Chelopech’s long mine life extends to 2032, based on current mineral reserve estimates, with a strong mineral resource base.

There is strong potential to continue extending the mine’s life, with our demonstrated track record of converting mineral resources into mineral reserves, and our in-mine and growing brownfield exploration programs.

Sustainability Highlights

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One of the lowest greenhouse gas emissions intensity rates among gold mines globally

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Zero discharge of industrial wastewater for the past two years

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Named largest corporate donor in Bulgaria for six years in a row

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Nearby municipality has the highest average salaries in Bulgaria

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70% reduction in fresh water used per tonne of ore processed

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Nearly 60 tonne reduction in annual dust emissions 

Technical Reports and Public Disclosure Documents

For more information on upcoming or ongoing projects or initiatives at Chelopech: 

Jul 25
Information Preventive measures for safety and emergency readiness
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Feb 03
Notification Investment Project Chelopech-North
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Mar 31
NI 43-101 Technical Report - Mineral Resource and Mineral Reserve Update for the Chelopech Mine, Bulgaria
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