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Dundee Precious Metals Chelopech EAD (Bulgaria)

Main Activities: Gold Ore Mining | Copper, Nickel, Lead, and Zinc Mining
Full name: Dundee Precious Metals Chelopech EAD Profile Updated: September 08, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Dundee Precious Metals Chelopech, a subsidiary of Canadian mining firm Dundee Precious Metals, operates the Chelopech gold and copper mine in Bulgaria. The licence covers an area of 266 hectares and includes the area of the Chelopech mining operation and the immediate surrounds. It operates under a concession agreement that was granted by the Republic of Bulgaria in 1999 for a period of 30 years. The company is engaged in mining and processing of copper-gold ore.
The Chelopech mine operated profitably throughout the 1980s, peaking at 512,000 tonnes per year. The mine was closed in early 1991 because of unacceptably high levels of arsenic in its concentrates. It resumed production in 1994. In 1993, Irish mining and exploration company Navan Resources Plc formed a joint venture with a Bulgarian state-owned company Chelopech OOD. The venture called Bulgarian-Irish Mining Company (BIMAK), where Navan initially owned a 68% stake and Chelopech controlled the remaining 32%, was set up to operate the Chelopech gold and copper mine. In September 2003, Dundee Precious Metals paid USD 26.5 million to acquire the Bulgarian assets of Navan after the latter company entered receivership. BIMAK later transferred all of its tangible assets and the operation rights on the mine to Chelopech Mining.

Headquarters
26 Bacho Kiro Str., fl. 3
Sofia; Sofia - city; Postal Code: 1000

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Website: http://www.dundeeprecious.com/Bulgarian/default.aspx

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
December 10, 1991
Key Executives
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Executive Director and Member of the Board of Directors
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Executive Director and Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
Ownership Details
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100%
Subsidiaries
ChPGChO Chelopech EOOD
100%
Company Performance
Financial values in the chart are available after Dundee Precious Metals Chelopech EAD report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net sales revenue
10.35%
Total operating revenue
11.19%
Operating profit (EBIT)
13.15%
EBITDA
7.19%
Net Profit (Loss) for the Period
13.87%
Total assets
10.04%
Total equity
12.64%
Operating Profit Margin (ROS)
1.28%
Net Profit Margin
1.31%
Return on Equity (ROE)
1%
Debt to Equity Ratio
0.77%
Quick Ratio
2.54%
Cash Ratio
1.25%

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