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DPM Metals Delivers Strong Q1 Output as Vares Ramp-Up Gains Momentum

DPM Metals Inc. (ASX: DPM) reported solid preliminary production results for the first quarter of 2026, supported by steady performance across its operating assets and ongoing progress at its Vareš project. The company processed 733 kt of ore, generating 84,000 gold equivalent ounces (GEO) and selling 66,000 GEO during the period. Vareš contributed 29,000 GEO as it continues its planned ramp-up toward full production, with higher output expected in the second half of the year. Chelopech delivered 43,000 GEO despite lower grades, while Ada Tepe produced 12,000 GEO and is nearing closure by mid-2026. Additionally, exploration activity has resumed at the Čoka Rakita licence in Serbia, with a large-scale drilling program underway. The company also delivered value to shareholders by distributing dividends and executing share repurchases. Overall, DPM remains on track to meet its 2026 production guidance, supported by disciplined cost management and operational efficiency. 

 

 

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