Dundee Precious Metals Inc. Earnings Recaps
Q3 2025
Nov 15, 2025
DPM Metals reported record financial results in Q3 2025, driven by robust production and strong gold prices, while successfully closing the Adriatic acquisition, enhancing its growth profile.
Key takeaways
- Achieved record free cash flow of $148 million and an all-in sustaining cost of $1,168 per ounce of gold sold.
- Produced 64,000 ounces of gold and 7.8 million pounds of copper, with Chelopech maintaining efficient operations.
- Integration of the high-grade Vareš operation is well underway, with expectations for increased production in 2026.
- Encountered regulatory challenges with the revocation of the environmental license for the Loma Larga project, prompting a reassessment of strategic options.
- Coka Rakita project feasibility study on track for completion by year-end, with mine construction targeted to begin in early 2027.