Dundee Precious Metals, which owns 100% of the Deno gold mining operation near Kapan, said on Wednesday third-quarter profit climbed 13% to $40.3-million as a result of higher production and prices.

Adjusted earnings for the three-months ended September 30 more than doubled to $32.4-million compared with the year-ago quarter.

Dundee owns mines in Bulgaria as well as a concentrate processing facility located in Namibia.