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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Production / Operations

DPM Metals Achieves Gold Production Guidance for the Eleventh Consecutive Year; Announces Timing of Fourth Quarter and Full-Year 2025 Financial Results

By The Northwire Desk — AI Analysis Jan 12, 2026 · 06:45 DPM · 45.53 DPM Metals Inc.
DPM · Price

Executive Summary

  • DPM Metals released preliminary Q4 2025 and full‑year 2025 production results for its Chelopech, Ada Tepe and Vareš operations.
  • Consolidated 2025 production reached 244.9 koz of gold and 30.0 MLbs of copper, meeting the company’s eleven‑year streak of achieving gold guidance.
  • The company reaffirmed its target to ramp Vareš to an 850,000‑tonne per year operating rate by end‑2026 and will provide a three‑year outlook with detailed 2026 guidance on Feb 10, 2026.

Key Details

  • Q4 2025 Consolidated Production (excluding Vareš):
  • Ore processed: 786 Kt
  • Gold contained in concentrate: 70.2 koz
  • Copper contained in concentrate: 9.9 MLbs
  • Payable gold sold: 63.4 koz

  • Payable copper sold: 7.6 MLbs

  • Full‑Year 2025 Consolidated Production (excluding Vareš):

  • Ore processed: 2,978 Kt
  • Gold contained in concentrate: 244.9 koz
  • Copper contained in concentrate: 30.0 MLbs
  • Payable gold sold: 219.0 koz

  • Payable copper sold: 24.8 MLbs

  • Chelopech Mine – Q4 2025: 45,700 oz Au and 9.9 MLbs Cu produced.

  • Ada Tepe Mine – Q4 2025: 24,500 oz Au produced (no copper).

  • Vareš Operation – Q4 2025 & Sep‑Dec 2025:

  • Q4 2025 ore processed: 43.8 Kt → 1.8 koz Au, 242.7 koz Ag, 477 klb Cu, 3,677 klb Pb, 4,961 klb Zn.

  • Sep 3‑Dec 31 2025 ore processed: 78.9 Kt → 5.9 koz Au, 533.4 koz Ag, 1,071 klb Cu, 8,599 klb Pb, 11,857 klb Zn.

  • Guidance Alignment (2025):

  • Chelopech: Production within guidance range of 2,090‑2,200 Kt ore, 160‑185 koz Au, 28‑33 MLbs Cu.

  • Ada Tepe: Production within guidance range of 610‑700 Kt ore, 65‑80 koz Au.

  • Future Outlook:

  • Vareš expected to ramp to commercial production by end‑2026 with higher ore throughput and improved gold/silver grades versus the April 1 2025 Technical Report.

  • Detailed three‑year outlook and 2026 guidance to be released after market close on Feb 10, 2026; conference call scheduled for Feb 11, 2026 at 9 AM EST (registration link provided).

  • Technical Review: Information reviewed and approved by Ross Overall, Director, Corporate Technical Services – a Qualified Person under NI 43‑101.

Notable Quotes

“We ended 2025 on a very strong note, with Ada Tepe and Chelopech delivering the highest quarterly production of the year… 2025 marks the eleventh consecutive year we have achieved our gold production guidance.” – David Rae, President & CEO, DPM Metals.

Materiality Assessment: Material – Positive (preliminary production results that meet/exceed guidance and provide forward‑looking operational outlook).

Read the original news release →

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