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DPM Metals Announces First Quarter 2026 Preliminary Production Results; Ramp-up of Vareš Proceeding Well
TORONTO, April 08, 2026 (GLOBE NEWSWIRE) -- DPM Metals Inc. (TSX: DPM, ASX: DPM) (ARBN: 689370894) (“DPM” or “the Company”) is pleased to announce preliminary p
About this update from Dpm Metals Inc.
[{"type":"text","content":" TORONTO, April 08, 2026 (GLOBE NEWSWIRE) -- DPM Metals Inc. (TSX: DPM, ASX: DPM) (ARBN: 689370894) (“DPM” or “the Company”) is pleased to announce preliminary production results for the quarter ended March 31, 2026. “With solid operating performance in the first quarter, we are on track to meet our guidance for 2026, with higher production planned in the second half of the year as we continue to progress the ramp-up at Vareš to full production,” said David Rae, President and Chief Executive Officer of DPM Metals. “The high-grade, low-cost nature of our operations and our disciplined focus on cost management positions us well to continue delivering consistent margins in the midst of challenging global economic conditions.” “We are pleased to have received the renewal of the exploration permits for the Čoka Rakita licence in March as anticipated, reflecting the well-defined permitting process in Serbia. We have started a 20,000-metre drilling program, focused on infilling and extending mineralization at the Dumitru Potok prospect, amongst other targets.” Preliminary First Quarter 2026 Production Highlights Preliminary results for the first quarter are provided below: Unit Chelopech Ada Tepe Vareš Consolidated Ore processed Kt 507 147 79 733 Metals contained in concentrate produced Gold Koz. 32 12 7 51 Silver Koz. 117 8 912 1,037 Copper Mlbs. 7 - 1 8 Zinc Mlbs. - - 10 10 Lead Mlbs. - - 8 8 Gold equivalent ounces (“GEO”)1 Koz. 43 12 29 84 Payable metals in concentrate sold Gold Koz. 30 12 3 45 Silver Koz. 126 6 478 610 Copper Mlbs. 7 - - 7 Zinc Mlbs. - - 5 5 Lead Mlbs. - - 4 4 GEO1 Koz. 40 12 14 66 The Company uses conversion ratios for calculating GEO for its silver, copper, zinc and lead production and sales, which are calculated by multiplying the volumes of metal produced or sold, as applicable, by the respective market average metal prices for the quarter, and dividing the resulting figure by the market average gold price. See section titled “Gold Equivalent Calculation” on page [3] for the market average metals prices used in the calculation of first quarter gold equivalent production. Vareš produced approximately 29,000 GEO in the first quarter, in line with the planned ramp-up of the mine to full production. Payable metals sold of approximately 14,...