Dundee Precious Metals Inc. reported consolidated production results for the fourth quarter and full year ended December 31, 2023. For the quarter, the company reported Gold contained in concentrate produced of 77,083, was 5% higher than the corresponding periods in 2022 due primarily to mining in higher grade zones at Ada Tepe, partially offset by lower gold grades at Chelopech, in-line with the mine plans for both operations. Copper production in the fourth quarter of 2024 of 8.2 million pounds was 11% higher than the corresponding period in 2022 due primarily to higher copper grades. Payable gold in concentrate sold in the fourth quarter of 69,564 ounces, was 6% higher than the corresponding periods in 2022 primarily reflecting higher gold production. Payable copper in concentrate sold in the fourth quarter of 2023 of 7.0 million pounds was 4% higher than the corresponding period in 2022 due primarily to higher copper production, partially offset by the timing of deliveries. Payable copper in 2023 of 26.7 million pounds was comparable to 2022, consistent with copper production.

For the year, Gold contained in concentrate produced was 296,072 ounces, respectively, was 8% higher than the corresponding periods in 2022 due primarily to mining in higher grade zones at Ada Tepe, partially offset by lower gold grades at Chelopech, in-line with the mine plans for both operations. Copper production in 2023 of 30.5 million pounds was comparable to 2022 due primarily to lower copper grades largely offset by higher volumes of ore processed.
Payable gold in concentrate sold was 265,743 ounces, was 9% higher than the corresponding periods in 2022 primarily reflecting higher gold production.