DPM Metals (TSX: DPM) has reportedly achieved 2025’s production guidance, with the company this morning releasing preliminary data for the fourth quarter.
The fourth quarter saw consolidated production of 70,200 ounces of gold and 9.9 million pounds of copper from Chelopech and Ada Tepe, with Ada Tepe accounting for 24,500 ounces of gold production and the remainder attributed to Chelopech. Metal sales meanwhile amounted to 63,400 ounces of gold and 7.6 million pounds of copper.
For the full fiscal year, consolidated production totaled 244,900 ounces of gold and 30 million pounds of copper, while sales totaled 219,000 ounces of gold and 24.8 million pounds of copper. Guidance had called for the production of 225,000 to 265,000 ounces of gold and 28 to 33 million pounds of copper, and the sale of 205,000 to 240,000 ounces of gold and 25 to 29 million pounds of copper.
“I’m proud to report that 2025 marks the eleventh consecutive year we have achieved our gold production guidance, a remarkable milestone and a testament to our operating strengths,” commented David Rae, CEO of DPM Metals.
Production from Vares in the fourth quarter, which was not included in guidance, is said to have been minimal, with DPM focused on implementing operating procedures while decline development was a priority focus. Production here totaled 1,800 ounces of gold, 242,700 ounces of silver, 477,000 pounds of copper, 3.67 million pounds of lead and 4.96 million pounds of zinc.
Vares is expected to achieve commercial production by the end of 2026, however DPM has noted that 2026 production is expected to be better than what was outlined within the previously filed technical report.
Full financial results are slated to be released on February 10 after the close of markets.
DPM Metals last traded at $45.53 on the TSX.
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