DPM Metals Q3 Output 97 Koz GEO, Eyes High-End Guidance

DPM Metals (ASX:DPM) released preliminary third quarter 2026 production results and now expects to reach the high end of its 2026 gold equivalent production guidance, with its Vareš mine expected to exceed the high end of its own range.

Consolidated production was 97 Koz of gold equivalent ounces (GEO), which the company calculates from average market metal prices, including 53 Koz of gold and 934 Koz of silver contained in concentrate. Chelopech produced 50 Koz GEO, Vareš 45 Koz and Ada Tepe 2 Koz, after the Ada Tepe process plant concluded operations on July 15, 2026. Payable GEO sold was 77 Koz, and production for the first nine months was 283 Koz GEO. DPM declared commercial production at Vareš on August 10, 2026 and expects to reach the full production run-rate of 850,000 tonne per annum by the end of 2026,. Development of twin declines to the Wedge Zone at Chelopech is expected to start in the fourth quarter of 2026, with production contribution expected from late 2028. DPM repurchased 1,860,000 shares for approximately US$74.8 million in the quarter, taking year-to-date buybacks to approximately US$149.6 million, and will pay a quarterly dividend of US$0.04 per share on October 15, 2026.

The results are preliminary and the release gives no cost figures; full third quarter results are due on November 12, 2026. It refers to an October 1, 2026 release on a Constitutional Court decision in Bosnia and Herzegovina without detailing it here.