DPM Metals books third-quarter net earnings of US$134M
By Liezl GambeKey points
- DPM Metals generated US$179 million in third-quarter free cash flow and US$124 million in net earnings.
- The company returned US$81 million to shareholders during the quarter while its share price fell to $53.25 on the ASX.
- Management stated the miner is on track to reach the upper end of its 2026 gold production targets.
DPM Metals (ASX:DPM) reported third-quarter net earnings of US$134 million and produced 95,917 gold equivalent ounces for the period ended Sept. 30.
Quarterly gold equivalent output rose 10% from 86,941 ounces a year earlier, while nine-month production climbed 31% to 282,649 ounces.
The miner ended the quarter with US$839 million in cash and an undrawn US$400 million credit facility, while keeping its 2026 all-in sustaining cost forecast at US$1,300 to US$1,450 per ounce sold.
Following the announcement, the DPM Metals share price was down at $52.03.
DPM Metals stated its Vareš operation is expected to exceed the top end of its production guidance and reach full production capacity by year-end.
The company also noted that Serbian parliamentary elections on Oct. 25 may extend regulatory decision timelines for its Čoka Rakita Project while engineering work continues.
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