Mr. David Rae reports
DPM METALS ACHIEVES GOLD PRODUCTION GUIDANCE FOR THE ELEVENTH CONSECUTIVE YEAR; ANNOUNCES TIMING OF FOURTH QUARTER AND FULL-YEAR 2025 FINANCIAL RESULTS
DPM Metals Inc. has released preliminary production results for the three and 12 months ended Dec. 31, 2025.
"We ended 2025 on a very strong note, with Ada Tepe and Chelopech delivering the highest quarterly production of the year," said David Rae, president and chief executive officer of DPM Metals. "I'm proud to report that 2025 marks the 11th consecutive year we have achieved our gold production guidance, a remarkable milestone and a testament to our operating strengths.
"We are very pleased with the progress we are making at Vares. We are on target to achieve an 850,000-tonne-per-year operating rate by the end of 2026, and we are continuing to advance training and improve development rates to accelerate precious metals production."
Preliminary production highlights
Preliminary results for the fourth quarter and full year ended Dec. 31, 2025, excluding Vares, are provided in the attached table.
Operational highlights
Chelopech continued its strong record during the fourth quarter, producing approximately 45,700 ounces of gold and 9.9 million pounds of copper.
As anticipated, Ada Tepe delivered its strongest production quarter of the year, producing approximately 24,500 ounces of gold.
Production from Vares in the fourth quarter of 2025 was minimal, as implementing DPM safety practices, training and decline development have continued to be a priority focus. This is consistent with the Vares technical report, with an effective date of April 1, 2025, and available on SEDAR+ and the company's website.
Preliminary results from the fourth quarter and the period from Sept. 3, 2025, to Dec. 31, 2025, for Vares are outlined in the attached table.
In February, 2026, DPM expects to provide a three-year outlook, including detailed 2026 guidance, for the Vares operation along with its corporate guidance. As the Vares mine ramps up to commercial production by the end of the year, 2026 production is expected to be better than previously anticipated, with higher ore processed and higher gold and silver grades, as compared with the Vares technical report.
Timing of fourth quarter and full year 2025 financial results
The company plans to release its fourth quarter and full year 2025 operating and financial results, three-year outlook and detailed 2026 guidance after market close on Tuesday, Feb. 10, 2026. The news release, MD&A (management's discussion and analysis), and audited consolidated financial statements will be posted on SEDAR+ and on the company's website.
On Wednesday, Feb. 11, 2026, at 9 a.m. ET, DPM will host a conference call and audio webcast to discuss the results, followed by a question-and-answer session. To participate via conference call, register in advance at the link in the following table to receive the dial-in information as well as a personalized PIN code to access the call.
Conference call date and time:
Wednesday, Feb. 11, 2026, 9 a.m. ET
Replay: archive will be available on DPM website
Technical information
The technical and scientific information in this press release has been reviewed and approved by Ross Overall, director, corporate technical services, of the DPM, who is a qualified person as defined under National Instrument 43-101, and not independent of the company.
About DPM Metals Inc.
DPM Metals is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Bosnia and Herzegovina, Serbia, and Ecuador. The company's strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from the company's portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions. This strategy creates a platform for robust growth to deliver above-average returns for the company's shareholders. DPM trades on the Toronto Stock Exchange (symbol: DPM) and the Australian Securities Exchange as a foreign exempt listing (symbol: DPM).
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