Dundee Precious Metals Secures Environmental License for Loma Larga
Exciting Developments in Dundee Precious Metals' Loma Larga Project
Dundee Precious Metals (DPM) recently received thrilling news: the Government of Ecuador has granted the environmental licence for exploitation of the Loma Larga project. This important milestone not only reinforces DPM's commitment to responsible mining practices but also highlights the company's intent to adhere to high environmental standards.
A Rigorous Approval Process
The environmental licence was officially issued by the Ministry of Environment, Water and Ecological Transition (MAATE). The process was thorough and demonstrated the government's dedication to ensuring mining projects in Ecuador meet strict national standards. David Rae, President and CEO of DPM, expressed enthusiasm about the project, emphasizing its potential to provide considerable returns for investors.
Community Engagement and Economic Growth
Rae pointed out that DPM is committed to fostering positive relationships with local communities in Ecuador. The company emphasizes its mission of promoting economic and social opportunities through the responsible development of Loma Larga. Investing in the local workforce and adhering to best practices is essential in this development phase. DPM’s approach ensures the project aligns with both local community needs and national regulatory frameworks.
Environmental Stewardship at the Forefront
Environmental stewardship is a core focus for the Loma Larga project. The design and execution plan prioritize responsible water management to protect the local ecosystem. DPM aims to minimize its resource footprint by utilizing innovative water-saving technologies. The project includes the creation of wastewater treatment facilities and the use of lined storage ponds to enhance water recycling.
Meeting and Exceeding Industry Standards
DPM remains committed to adhering to both Ecuadorian and international environmental standards. By recycling processed water and maximizing efficiency, the company aims to minimize the use of fresh water. The integration of these practices is paramount for sustainable development and showcases DPM's dedication to environmental responsibility.
A Focus on Feasibility and Future Steps
In the second quarter of 2025, DPM carried out an updated feasibility study for the Loma Larga project. This study evaluated project economics in light of current gold prices and provided revised estimates for capital and operating costs. The company plans to disclose detailed results in the near future, maintaining transparency with stakeholders.
Commitment to Shareholder Value
With an eye towards maximizing benefits for shareholders, DPM is focused on ensuring that the development of the Loma Larga project provides excellent value. The company's strategic goal is to become a mid-tier precious metals firm, driven by effective gold production from its diverse asset portfolio. Investors can expect robust growth and above-average returns as DPM advances its initiatives.
About Dundee Precious Metals Inc.
Dundee Precious Metals Inc. is a Canadian-based international gold mining company. The firm’s operations span across Bulgaria, Serbia, and Ecuador, with a vision centered on sustainable and efficient gold production. By strengthening its financial position, DPM intends to support growth in mineral reserves and production through disciplined strategies.
For more information, please reach out to:
Jennifer Cameron
Director, Investor Relations
Tel: (416) 219-6177
jcameron@dundeeprecious.com
Frequently Asked Questions
What is the Loma Larga project?
The Loma Larga project is a mining initiative by Dundee Precious Metals focused on gold production in Ecuador.
What license has Dundee Precious Metals received?
DPM has been granted the environmental licence for exploitation for the Loma Larga project.
How does DPM ensure environmental stewardship?
DPM prioritizes responsible water management and employs practices that minimize environmental impact in line with international standards.
What are the future steps for Loma Larga?
The company is finalizing an updated feasibility study and planning for negotiations regarding the exploitation agreement.
How does DPM engage with local communities?
DPM is committed to fostering strong relationships with local communities through proactive engagement and investment in local workforce development.
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