DPM's Chelopech Mine in Bulgaria Boosts H1 Adjusted Pre-Tax Earnings, Revenue

DPM's Chelopech Mine in Bulgaria Boosts H1 Adjusted Pre-Tax Earnings, Revenue

Canada's Dundee Precious Metals said that the adjusted earnings before income taxes of its Chelopech copper and gold mine in Bulgaria rose to $51.0 million (43.6 million euro) in the first half of 2018 from $34.3 million in the like period of last year.Chelopech mine generated a revenue of $117.9 million in the first six months of the year, up from $95.0 million in the corresponding period of 2017, according to figures from DPM's interim financial statement published on Tuesday.The cost of Chelopech mine's sales increased to $56.8 million in January-June from $53.1 million in the first half of last year.Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) grew to $67 million in the review period from $52.7 million a year earlier.Depreciation costs fell to $15.6 million from $18.1 million in the first six months of last year.

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