Abcourt Obtains Necessary Authorizations to Commence Drilling on the Malartic Property, Held in Joint Venture with DPM Metals
DPM reports JV exploration at Malartic, ramping core operations at Vareš, strong cash flow, and advancing Coka Rakita permitting.
Abcourt Mines has received regulatory approval, specifically an Autorisation de Travaux à Impact, to begin a 6,000-meter drilling program on the Malartic property. DPM Metals Inc. (DPM) holds a 49% interest in the joint venture, while acting as the operator with a 51% interest. The drilling program targets historical high-grade gold intersections across the Malrobic, ASPI, and Bousquet Formation prospects. Exploration costs are shared pro-rata, meaning DPM's capital contribution preserves its 49% stake without shareholder dilution. The update is purely exploratory, with no immediate production, reserve, or financial impact expected.
DPM Metals Inc. (DPM) has authorized drilling at its Malartic joint venture, a move that underscores active exploration diligence on a peripheral asset. This development does not alter the company’s core investment thesis, which remains centered on its Chelopech, Vares, and Coka Rakita projects.
The authorization is not expected to have a material financial, operational, or valuation impact. Meanwhile, the market’s recent price action, with the stock consolidating between $50 and $60, reflects broader sector dynamics and anticipation of Q3 financial results rather than this specific joint venture update.
DPM Metals Inc. (DPM) operates high-margin, low-cost gold and copper assets across Bulgaria, Bosnia and Herzegovina, and Serbia. Its flagship operating assets include the Chelopech mine in Bulgaria and the Vares operation in Bosnia, while the Ada Tepe site is now closed and undergoing rehabilitation.
The company’s growth pipeline features the Coka Rakita project in Serbia, where feasibility is complete and construction is scheduled for early 2027. Additional growth prospects include the BSP porphyry discovery and the Wedge Zone, both located in Bulgaria. DPM Metals maintains a strong operational track record, having met production guidance for 12 consecutive years.