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DPM Metals Inc. (ASX:DPM)

ALERT: Price-sensitive ASX Announcement for DPM
Current share price for DPM : $54.070 1.41 (2.68%)+
Announcement
Release
9 Oct 2026 8:14AM
Price at Release
$52.660
Full Release
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Summary
DPM Metals Inc. announced preliminary production results for the third quarter and first nine months ended 30 September 2026, reporting third-quarter consolidated production of 97,000 gold equivalent ounces (GEO) and year-to-date production of 283,000 GEO, with management stating the company is on track to achieve the high end of its 2026 production guidance. In Q3, Chelopech produced 50,000 GEO, Vareš produced 45,000 GEO as ramp-up continued ahead of expectations with stronger than expected grades, and Ada Tepe produced 2,000 GEO before its process plant concluded operations on 15 July 2026; Vareš was declared in commercial production on 10 August 2026 and is expected to exceed the high end of its 2026 guidance while targeting an 850,000 tonne per annum full production run-rate by year end, with the second tailings filter and paste backfill plant nearing commissioning. DPM also highlighted development progress at the Wedge Zone at Chelopech, including an initial mineral resource estimate expected by year end and twin decline development planned to begin in Q4 2026 to support production from late 2028, while Ada Tepe site works are being repositioned for the Čoka Rakita project expected to start construction in early 2027. The company continued returning capital to shareholders through Q3 share buybacks of about US$74.8 million and year-to-date repurchases of about US$149.6 million, and confirmed a quarterly dividend of US$0.04 per share payable on 15 October 2026.
Key Points
  • DPM reported preliminary Q3 2026 consolidated production of 97,000 gold equivalent ounces and nine-month production of 283,000 GEO.
  • The company said it is on track to achieve the high end of its 2026 production guidance.
  • Chelopech produced approximately 50,000 GEO in the third quarter and remains on track to meet 2026 guidance.
  • VareÅ¡ produced approximately 45,000 GEO in Q3 and is expected to exceed the high end of its 2026 production range.
  • VareÅ¡ was declared in commercial production on 10 August 2026.
  • VareÅ¡ ramp-up is progressing on plan toward a full production run-rate of 850,000 tonnes per annum by the end of 2026.
  • Construction of the second tailings filter and paste backfill plant at VareÅ¡ is nearing completion, with commissioning expected in November and December 2026 respectively.
  • Ada Tepe produced approximately 2,000 GEO in Q3 as plant operations concluded on 15 July 2026.
  • DPM plans to commence twin decline development at the Wedge Zone in Q4 2026, with production contribution expected from late 2028.
  • An initial Wedge Zone mineral resource estimate is expected by year end 2026.
  • Dismantling and refurbishment at Ada Tepe has begun in preparation for the Coka Rakita project, which is expected to start construction in early 2027.
  • During Q3 2026, DPM repurchased 1,860,000 shares for approximately US$74.8 million under its Normal Course Issuer Bid.
  • Year to date, DPM repurchased 4,003,348 shares for approximately US$149.6 million.
  • DPM confirmed a quarterly dividend of US$0.04 per share payable on 15 October 2026.
  • The company plans to release full third-quarter 2026 operating and financial results on 12 November 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.