Dundee Precious Metals Inc
TSX:DPM

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Dundee Precious Metals Inc Logo
Dundee Precious Metals Inc
TSX:DPM
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Price: 40.44 CAD -1.8%
Market Cap: 9B CAD

Dundee Precious Metals Inc
Investor Relations

Dundee Precious Metals Inc., rooted in the heart of the mining and metals industry, has carved a niche for itself through its strategic approach to extracting and processing precious metals. The company's journey began with a commitment to mining excellence, focusing primarily on the discovery, acquisition, and development of precious metal properties. Operating mainly in Bulgaria and Namibia, Dundee Precious Metals is heavily invested in its two major mines: the Chelopech underground gold-copper mine in Bulgaria and the Tsumeb smelter in Namibia. These assets form the backbone of its production capabilities, enabling the company to efficiently and sustainably tap into the lucrative markets for gold and copper, thus securing a solid revenue stream.

What sets Dundee Precious Metals apart is its integration of technology and commitment to sustainability, which adds a modern edge to its longstanding mining heritage. The company's advanced data analytics and innovative mining techniques ensure maximum resource extraction and minimal environmental impact. It converts mined ore into concentrated metals, subsequently selling these products in global markets where demand for such commodities remains robust. By investing in technology and sustainable practices, Dundee minimizes production costs and enhances its profitability, allowing it to thrive amid the cyclical nature of the metals market. This agile business model positions Dundee not only as a competitor but as an innovator within the industry, steadily transforming the challenges of modern mining into opportunities for growth and profitability.

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DPM
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 14, 2025
AI Summary
Q3 2025

Record Results: DPM reported record quarterly revenue, earnings, and free cash flow, benefiting from strong production and higher gold prices.

Vareš Acquisition: Integration of the newly acquired Vareš mine is progressing well, with production in 2026 expected to be higher than previously anticipated.

Operational Highlights: Solid gold and copper production at Chelopech and Ada Tepe; both mines are on track to meet 2025 guidance.

Cost Pressures & Guidance: All-in sustaining costs increased year-over-year but remain within the $780–$900/oz guidance range for 2025.

Loma Larga Setback: The environmental license for Loma Larga was revoked, leading DPM to minimize spending and revert to original guidance for the project.

Coka Rakita Progress: Feasibility study on track for year-end completion; permitting slightly delayed, with construction now expected to begin in early 2027.

Strong Balance Sheet: Despite significant spending on acquisitions and shareholder returns, DPM ended the quarter with $414 million in cash and no debt.

Key Financials
Revenue
$267 million
Adjusted Net Earnings
$129 million
EPS
$0.73 per share
Free Cash Flow
$148 million
Cash Flow from Operating Activities
$185 million
All-in Sustaining Cost (9M 2025)
$1,136 per ounce of gold sold
Gold Production (Q3)
64,000 ounces
Copper Production (Q3)
7.8 million pounds
Chelopech Gold Production
44,000 ounces
Chelopech All-in Sustaining Cost
$671 per ounce of gold sold
Chelopech Copper Production
7.8 million pounds
Ada Tepe Gold Production
19,400 ounces
Ada Tepe All-in Sustaining Cost
$1,030 per ounce of gold sold
Average Realized Gold Price
$3,635 per ounce
Sustaining Capital Expenditures
$9 million
Growth Capital Expenditures
$10 million (excluding $2 million at Vareš)
Exploration Expenses Guidance
$49–$54 million
Loma Larga Growth Capital Guidance
$12–$14 million in 2025
Consolidated Cash Position
$414 million
Shareholder Returns (Dividends & Buybacks)
$137 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. David Rae
President, CEO, & Director
No Bio Available
Mr. Navindra Dyal
Executive VP & Chief Financial Officer
No Bio Available
Ms. Kelly E. Stark-Anderson B.A., L.L.B.
Executive VP of Corporate Affairs, General Counsel & Corporate Secretary
No Bio Available
Mr. Nikolay Hristov Ph.D.
Senior Vice President of Sustainable Business Development
No Bio Available
Dr. Iliya Garkov Ph.D.
Executive VP & COO
No Bio Available
Mr. Matthieu Risgallah
Vice President of Innovation & Technology
No Bio Available
Ms. Jennifer Cameron
Director of Investor Relations
No Bio Available
Mr. William John DeCooman Jr., M.Sc.
Executive Vice President of Corporate Development
No Bio Available
Ms. Alex Wilson
Vice President of Human Resources
No Bio Available
Ms. Sylvia Chen Ph.D.
VP of Finance & Global Controller
No Bio Available

Contacts

Address
ONTARIO
TORONTO
1 Adelaide St E Suite 500
Contacts