DPM Metals (ASX:DPM) has released its preliminary production results for the first quarter of 2026, reporting a solid start to the year underpinned by the scale-up of its Vareš operation.
For the period ended March 31, the company achieved a consolidated throughput of 733 Kt of ore processed, yielding a total of 84,000 gold equivalent ounces.
The Chelopech mine remains the primary driver of output, contributing 43,000 GEO, while the Ada Tepe facility delivered a steady 12,000 GEO.
The Vareš Project is showing momentum, contributing 29,000 GEO to the quarterly total.
The performance included the production of 51,000 ounces of gold and over 1 million ounces of silver on a consolidated basis.
Beyond precious metals, the company reported the production of 8 million pounds of copper and a combined 18 million pounds of zinc and lead, primarily sourced from the Vareš site.
CEO David Rae expressed confidence in the company’s trajectory, noting that DPM is well-positioned to meet its full-year 2026 guidance.
Rae highlighted that higher production levels are anticipated in the latter half of the year as Vareš nears full capacity.
Growth prospects were further bolstered by the timely renewal of exploration permits for the Čoka Rakita licence in Serbia.
A 20,000-metre drilling programme is already underway at the Dumitru Potok prospect, aimed at expanding the company’s mineralisation footprint amidst a complex global economic landscape.
At the time of reporting, DPM Metals’ share price was $55.07.