DPM Metals Inc
F:DPU0
DPM Metals Inc
DPM Metals, Inc. is an international gold mining company. The company is headquartered in Toronto, Ontario and currently employs 1,560 full-time employees. Its assets include Timok Gold Project, Tierras Chelopech Gold-Copper Mine, Loma Larga Gold-Copper Project, Coka Rakita Exploration, Ada Tepe Gold Mine, Tierras Coloradas Exploration, and Vares Operations. The Timok gold project is located in the eastern region of the Republic of Serbia. The Coka Rakita project is located in southeastern Serbia and near its operations in Bulgaria. Loma Larga is a high-quality underground development project which has a similar geology, mining method and processing flowsheet as its Chelopech mine in Bulgaria. The Tierras Coloradas concessions consist of four exploration licenses totaling 6,955 hectares, located in the province of Loja in southern Ecuador, near the border of Peru. Vares is an underground silver operation located approximately 50 km north of Sarajevo.
DPM Metals, Inc. is an international gold mining company. The company is headquartered in Toronto, Ontario and currently employs 1,560 full-time employees. Its assets include Timok Gold Project, Tierras Chelopech Gold-Copper Mine, Loma Larga Gold-Copper Project, Coka Rakita Exploration, Ada Tepe Gold Mine, Tierras Coloradas Exploration, and Vares Operations. The Timok gold project is located in the eastern region of the Republic of Serbia. The Coka Rakita project is located in southeastern Serbia and near its operations in Bulgaria. Loma Larga is a high-quality underground development project which has a similar geology, mining method and processing flowsheet as its Chelopech mine in Bulgaria. The Tierras Coloradas concessions consist of four exploration licenses totaling 6,955 hectares, located in the province of Loja in southern Ecuador, near the border of Peru. Vares is an underground silver operation located approximately 50 km north of Sarajevo.
Record Financials: DPM Metals delivered record revenue of $950 million and free cash flow of $505 million in 2025, driven by strong performance and higher metal prices.
Production Guidance Met: The company achieved its gold production guidance for the year, marking 11 consecutive years of meeting targets.
Shareholder Returns: Returned over $145 million to shareholders through dividends and buybacks in 2025, with authorization to repurchase up to $200 million in 2026.
Growth Pipeline: Acquisition of Vares and progress at Coka Rakita have strengthened DPM's development pipeline; Vares ramp-up progressing well.
Cost Pressures: All-in sustaining costs increased to $1,121 per ounce in 2025, up 29% YoY due to higher expenses and currency effects.
2026+ Outlook: Production expected to average 350,000 gold equivalent ounces per year over the next three years at an average all-in sustaining cost of $1,450 per ounce.
