Canada's DPM names new COO

With over 30 years of mining experience in Bulgaria, Australia and Armenia, Garkov joined DPM in 2003 when the company acquired its assets in Bulgaria, DPM said in a press release on Wednesday. Garkov has held several leadership roles within the company, most recently as senior vice president of European operations, and has overseen DPM’s exploration activities in Bulgaria and Serbia.

"His experience, technical expertise and leadership will enhance our organisation as we look ahead to the future operational requirements of our organic growth pipeline," DPM president and CEO David Rae said.

The company also said its executive vice president of corporate development, Michael Dorfman, will leave at the end of March.

Toronto-listed Dundee Precious Metals is an international gold mining company with operations and projects across Bulgaria, Namibia, Serbia and Ecuador. Last month, the company said its Bulgarian mine Ada Tepe produced a record 134,200 ounces of gold in 2023, meeting its annual target.