Business
Dundee Precious Metals Reports First Quarter 2025 Results
TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM...
About this update from Dpm Metals Inc.
[{"type":"text","content":"Dundee Precious Metals Reports First Quarter 2025 Results\n\n\n\n TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or the “Company”) announced its operating and financial results for the first quarter ended March 31, 2025.\n \n\n\n Highlights\n \n\n\n (Unless otherwise stated, all monetary figures in this news release are expressed in U.S. dollars, and all operational and financial information contained in this news release is related to continuing operations.)\n \n\n\n\n On-track to meet 2025 guidance:\n \n Produced 49,863 ounces of gold and 5.9 million pounds of copper in the first quarter. The Company is on-track to meet its 2025 production guidance.\n \n\n\n Record capital returns:\n \n Returned a record $90.4 million, or 114% of free cash flow, to shareholders during the first quarter of 2025 through the repurchase of approximately 7.5 million shares and the $0.04 per share quarterly dividend.\n \n\n\n Generating robust margins:\n \n Reported cost of sales per ounce of gold sold of $1,330\n \n 1,2\n \n and an all-in sustaining cost per ounce of gold sold\n \n 1,2\n \n of $1,244, which reflects a $214 per ounce impact related to mark-to-market adjustments to share-based compensation as a result of DPM's strong share price performance. DPM reconfirmed its 2025 guidance for all-in sustaining cost of $780 to $900 per ounce of gold sold.\n \n\n\n Strong adjusted net earnings per share:\n \n Reported adjusted net earnings\n \n 2\n \n of $55.4 million ($0.32 per share\n \n 2\n \n ) and net earnings from continuing operations of $33.5 million ($0.19 per share).\n \n\n\n Robust free cash flow generation:\n \n Generated $79.1 million of free cash flow\n \n 2\n \n and $55.0 million of cash provided from operating activities of continuing operations.\n \n\n\n Advancing growth pipeline:\n \n Čoka Rakita feasibility study (“FS”) advancing well and on-track for completion at year-end 2025. Loma Larga FS update expected to be completed in the second quarter of 2025.\n \n\n\n Adding value through exploration:\n \n Advancing the 55,000-metre scout drilling campaign, focused on testing high priority targets within the Čoka Rakita camp, including at the high-grade copper-gold Dumitru Potok discovery, as well as the Rakita North and Valja Saka prospec...