Dundee Precious Metals Appoints Chief Operating Officer
Dundee Precious Metals Appoints Chief Operating Officer
Toronto, Ontario, February 14, 2024 – Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or the
“Company”) is pleased to announce the appointment of Iliya Garkov as Executive Vice President and Chief
Operating Officer.
“Iliya has an impressive track record of delivering strong results, transforming assets into world-class mining
operations and developing strong relationships with stakeholders. His experience, technical expertise and
leadership will enhance our organizatio n as we look ahead to the future operational requirements of our
organic growth pipeline,” said David Rae, President and Chief Executive Officer of Dundee Precious Metals.
Iliya Garkov has over three decades of international mining experience in Bulgaria, Australia and Armenia,
and first joined DPM in 2003 when the Company acquired its assets in Bulgaria . During this time, he has
held a number of leadership roles within the Company, most recently as Senior Vice President, European
Operations. He was a key contributor to the transformation of the Chelopech mine into a world-class mining
operation and the successful commissioning and ramp-up of the Ada Tepe mine and has led the Company’s
exploration activities in Bulgaria and Serbia.
Mr. Garkov has a PhD in mining engineering from the University of Mining and Geology St. Ivan Rilski in
Bulgaria and is a graduate of the London Business School Senior Executive Programme.
DPM also announced that Michael Dorfman, Executive Vice -President, Corporate Development, will be
leaving the Company at the end of March 2024 to pursue new opportunities. A search process has been
initiated for a suitable replacement.
“On behalf of our global team, I would like to thank Michael for his many important contributions to DPM.
During his 12 years with the company, Michael has been a critical part of the leadership team, leading our
corporate development and growth strategy and elevating our profile with investors as we transformed DPM
into a mid-tier producer with a strong pipeline of growth projects and exploration opportunities,” commented
David Rae.
“More recently, his team, together with Iliya, have driven an understanding of the potential value of Čoka
Rakita that has quickly positioned this high -grade discovery as DPM’s leading organic growth asset. His
contributions have positioned us well for future growth and, importantly, have significantly developed our
organization’s capacity to assess, acquire and integrate assets, broadening the Company’s readiness for
growth within our technical teams. We wish him the very best for his future endeavours.”
About Dundee Precious Metals
Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and
projects located in Bulgaria, Namibia, Serbia and Ecuador. The Company’s purpose is to unlock resources
and generate value to thrive and grow together. This overall purpose is supported by a foundation of core
values, which guides how the Company conducts its business and informs a set of complementary strategic
pillars and objectives related to ESG, innovation, optimizing our existing portfolio, and growth. The
Company’s resources are allocated in-line with its strategy to ensure that DPM delivers value for all of its
stakeholders. DPM’s shares are traded on the Toronto Stock Exchange (symbol: DPM).
For further information please contact:
David Rae
President and Chief Executive Officer
Tel: (416) 365-5191
Jennifer Cameron
Director, Investor Relations
Tel: (416) 219-6177