General Manager: Hasan YÜCEL         www.tumad.com.tr

TÜMAD Mining Industry and Trade Inc. is the first Turkish company to receive two international project-financing awards in the field of Natural Resources. After meeting the requirements of the European Bank for Reconstruction and Development, Çanakkale Lapseki and Balıkesir İvrindi Gold Mine were put into operation with a project financing of USD 210.000.000.

In order to increase production capacity, as a result of the reserve development studies that are carried out simultaneously with the commissioning of both projects, TÜMAD signed a Project refinancing agreement with European Bank for Reconstruction and Development, Akbank and Ziraat consortium for amount of USD 255.000.000.

TÜMAD which has a total of 16,433 hectares of work and research area with a license, has completed more than 250 thousand meters of exploration activities in the fields under its responsibility, and increased its current resource for Ivrindi from two million ounce to three million ounce. In addition to these studies, TÜMAD has accelerated its efforts to put into production the large-scale mining projects where it is possible to work economically by making advanced explorations in potential mine sites in Turkey and abroad.

Adopting the sustainable mining criteria as principle, TÜMAD ensures the implementation and continuous improvement of the highest existing environmental, occupational health and safety and community relations in the world in all processes from exploration to rehabilitation.

Feasibility of Ivrindi and Lapseki mining operations which have been prepared in accordance with NI-43-101 Canadian standards, since it includes all components of OHS, Environment, Community Relations and Integrated Management systems and national and international standards, it contains the best applicable technologies. In addition, TÜMAD’s quality system is certificated to TS EN ISO 9001: 2015 Quality Management System, TS EN ISO 14001: 2015 Environmental Management System and ISO 45001: 2018 Occupational Health and Safety Management System Certificates.

The main target in the regions where mining activities are carried out is provide economic and social growth by protecting the environment.

With social license to operate; complaints and feedback, stakeholder engagement, local procurement & local employment, understanding and management, with the aim of providing support to the activities of the people who are living in the region, based on mutual trust, respect for values, open and transparent communication.

In both plants, more than 2.000 employees, 70% of them are local people, are employed together with contractors.

Rehabilitation activities are carried out in accordance with its natural habitat, 50.000 saplings have been planted where the operation is completed in our sites.

TÜMAD Mining Industry and Trade Inc. which significantly contributes to social development with the projects and investments it implements, completed the construction of the “Nurettin Çarmıklı Madencilik Mesleki ve Teknik Anadolu Lisesi” with 16 classrooms and brought it into education life in order to bring qualified intermediate staff to the mining sector and to contribute directly to the national education mobilization.

In addition, within the scope of the cooperation protocol which is signed with the Çanakkale Provincial Directorate of National Education in December 2019, to serve in the field of Renewable Energy Technologies or Natural Resources, the construction of the 16-classroom Anatolian High School was started in October 2020 and will be completed at the end of 2021 and then it delivered to the Ministry of National Education.
With the construction of the Havran Seyit Onbaşı Science and Technology Center, which is at the Project stage, will attract the attention of all children and young people in the region to science and technology, presenting scientific subjects in an easy-to-understand and entertaining manner and will contribute to the training of future scientists.

TÜMAD Mining Industry and Trade Inc. has taken its place among the important gold producers of the country by producing projects for development of education, health, infrastructure, local purchasing and employment, as well as the economic development of the local people with all these works.

İvrindi Operation

The feasibility of the Ivrindi Project was prepared with NI-43-101 Canadian standards and after the investment and construction period, production started in the third quarter of 2019.

Production in the plant is carried out in Kartaldere and Ballık pits where five basis operations are carried out, including open-pit mining, drilling, excavation-loading, transportation and dumping to the ore storage area. In İvrindi, approximately 7 million tons of ore was produced in total, and approximately 6.6 million tons of ore was laid in the heap area by being processed in the facility with 1000 tons/hours capacity, and gold and silver metal was obtained with the ore processed in the ore processing facility.

In the facility, 115.299 ounces of gold and 414.059 ounces of silver were produced in 2020, and 127.839 ounces of gold and 469.197 ounces of silver metal were produced and brought to the economy from the beginning of the project.

Lapseki Operation

Lapseki Gold and Silver Mine which is the best example of the World in the mining sector in terms of design parameters, monitoring methods, prevention and control of pollution and resource efficiency, has been added to the portfolio of TÜMAD Mining Industry and Trade Inc.’s in 2014. After the completion of the investment and construction process, gold and silver production started in December 2017.

Open pit activities in the mine is carried out from Kestanelik, Karakovan, S and SBX pits, where five basic operations: drilling, blasting, excavation-loading, transportation and dumping of ore to the ore storage area.

Ore production with the underground operation started in the 4th quarter of 2019. As of the end of 2020; 1.215 meters progress was made on the main ramp and a depth of 145 meters was reached from the surface elevation. In 2020, 106,909 tons of high-grade gold and silver ore were produced from 5 active floor galleries and the total underground opening reached 3,870 meters. In 2021, it is planned to produce 251,000 tons of ore.

Approximately 2 million tons of high grade ore produced from open pits and underground was processed in the ore processing plant where the Tank Leach method was applied, and gold and silver were obtained with the %96 recovery.

The facility, which has the best available environmental technology with chemical treatment, dewatering and solid waste storage area, operates at full capacity. In the facility, 70.369 ounces of gold and 48.534 ounces of silver were produced in 2020, and 187.795 ounces of gold and 111.907ounces of silver metal were produced and brought to the economy from the beginning of the project.

Phone    : +90 (312) 455 1610

Fax          : +90 (312) 455 1601

E-Mail    : info@tumad.com.tr

Web Site: www.tumad.com.tr

Address   :  Buğday Sokak No:9

Çankaya/ANKARA/TURKEY

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