12:28 PM EST, 01/08/2025 (MT Newswires) -- (Updates shares.)

Dundee Precious Metals ( DPMLF ) on Wednesday said it hit its gold production guidance for a tenth straight year in 2024.

The company said it produced 70,900 ounces of gold in the fourth quarter for a full-year output of 261,300 ounces, within the production target of 245,000 to 285,000 ounces.

"We ended 2024 on a strong note, with Ada Tepe delivering its highest quarterly production of the year, and Chelopech continuing its long track record of performance," said David Rae, Dundee's president and CEO. "I'm pleased to report that 2024 marks the tenth consecutive year we have achieved our gold production guidance, which is a remarkable milestone in the mining industry and a testament to our strengths as operators."

Dundee also produced 7.8-million pounds of copper for a full-year output of 29.7-million pounds, also within the guidance of 29 million to 34 million pounds.

Dundee shares were last seen up $0.45 to $13.62 on the Toronto Stock Exchange.

Price: 13.63, Change: +0.46, Percent Change: +3.49