Dundee’s Bulgaria gold mine hits capacity

MINEX Forum | September 30, 2019
img0 Dundee Precious Metals Inc. said that its Ada Tepe gold mine in Bulgaria has successfully completed ramp-up activities and has achieved full design throughput and recovery levels. “We are extremely excited to see the operation achieve and sustain design tonnages and recoveries in September as expected,” said Dundee President and CEO Rick Howes. “This is ...

Velocity Announces Positive Gold Resource Expansion Drill Results at Rozino Bulgaria

MINEX Forum | September 9, 2019
img0 Velocity Minerals Ltd.announces that it has received drill results for an additional 27 drill holes completed at the Rozino gold deposit (“Rozino”), southeast Bulgaria. Drill results continue to expand the mineralized envelope and drilling continues with drill hole RDD-135 in progress. A third drill rig has been mobilized to site and the drill program is ...

Dundee wins key permits for Bulgaria gold mine

MINEX Forum | September 4, 2019
img0 Dundee Precious Metals Inc. said that it has received the final operating permits for its Ada Tepe gold mine in Bulgaria. “Receipt of the operating permits and the official mine opening are important additional milestones for Dundee Precious Metals and Ada Tepe, which is expected to deliver significant growth for the company going forward,” said ...

A look at the prospects of Raiden Resources in Serbia

MINEX Forum | August 25, 2019
img0 Cooper-gold exploration company, Raiden Resources, operates in Eastern Europe. Its tenements are located in Serbia & Bulgaria, which remains a low cost, mining friendly jurisdiction with relatively underexplored areas.  The company has a market capitalisation of ~A$3.69 million, with approximately 410.43 million shares outstanding. On 20 August 2019, the company released a presentation titled ‘Growth ...

Bulgaria extends term of Vatia Holding minerals mining concession by 15 yrs

MINEX Forum | August 19, 2019
img0 Bulgaria’s government said on Wednesday that it has extended the term of a minerals mining concession for the Ovcharovo deposit held by local Vatia Holding by 15 years. The extension was requested by the company which considers that the deposit still holds significant resources, the government said following its weekly meeting. The 20-year concession contract ...

Bulgaria’s mining output decreased by 5.4% in March

David McHutchon | May 16, 2017
img0 Bulgaria’s industrial output rose 0.8 percent on a monthly basis in March after a revised 3.9 percent increase a month earlier, seasonally adjusted data from the statistics office showed on Tuesday, said timesofindia.indiatimes.com. Year-on-year, output rose 5.9 percent in March compared with a revised 4.7 percent increase a month earlier. Processing industry production rose 2.6 ...

EBRD to give $43.7 mln to Dundee Precious Metals for its Bulgarian Krumovgrad project

David McHutchon | December 27, 2016
img0 Image: aiidatapro.net Dundee Precious Metals Inc. (TSX:DPM) announced that it has entered into a definitive agreement with respect to a C$43.7 million strategic equity investment in DPM by the European Bank for Reconstruction and Development (“EBRD”). The investment is to be effected by way of a private placement of 17,843,120 common shares of the Company to be ...