How DPM Metals Secured 11 Years of Gold Production Success Amid Expansion
DPM Metals has once again met its gold production guidance for 2025, marking eleven consecutive years of hitting targets, while preparing for a significant ramp-up at its Vareš operation.
- Eleventh consecutive year achieving gold production guidance
- Strong Q4 production from Chelopech and Ada Tepe mines
- Vareš operation progressing towards commercial production by end 2026
- 2026 production outlook expected to exceed previous forecasts
- Full-year 2025 financial results and detailed 2026 guidance due February 10
Consistent Gold Production Success
DPM Metals Inc. has announced preliminary production results for the fourth quarter and full year of 2025, confirming it has met its gold production guidance for the eleventh consecutive year. This milestone underscores the company’s operational strength and disciplined approach to mining across its key assets.
During the final quarter of 2025, the Chelopech mine in Bulgaria produced approximately 45,700 ounces of gold alongside 9.9 million pounds of copper, maintaining its reputation as a reliable contributor. Meanwhile, the Ada Tepe mine delivered its strongest quarterly gold output of the year, producing around 24,500 ounces.
Vareš Operation – Building Momentum
The Vareš mine in Bosnia and Herzegovina remains in the early stages of production, with minimal output recorded in the last quarter of 2025. DPM Metals has prioritised safety practices, workforce training, and development activities at Vareš, aligning with the technical report released earlier in the year. The company is targeting an operating rate of 850,000 tonnes per year by the end of 2026, with expectations for higher ore processed and improved gold and silver grades compared to previous forecasts.
Management has indicated that the ramp-up at Vareš could lead to better-than-anticipated production results in 2026, signalling a potentially transformative phase for the company’s portfolio.
Looking Ahead – Financial Results and Guidance
DPM Metals plans to release its detailed fourth quarter and full-year 2025 financial results on February 10, 2026. This announcement will include a three-year outlook and comprehensive guidance for 2026, providing investors with greater clarity on the company’s growth trajectory. A conference call and webcast are scheduled for the following day to discuss these results and answer questions from stakeholders.
While the company’s consistent delivery on production targets is reassuring, the forward-looking statements highlight various risks, including fluctuating metal prices, geopolitical uncertainties, and operational challenges inherent in mining. Investors will be keen to see how DPM Metals navigates these factors while advancing its strategic objectives.
Bottom Line?
DPM Metals’ steady production performance and Vareš ramp-up set the stage for a pivotal 2026.
Questions in the middle?
- How will Vareš’ ramp-up impact overall production and profitability in 2026?
- What specific risks could disrupt DPM Metals’ consistent production track record?
- How will the upcoming financial results reflect operational costs and capital expenditure plans?
