Kitco MINING

CEO says DPM is “Heading Towards 600,000 Gold Ounces Equivalent”

29 Sep 2025

Audio

Description

DPM Metals (TSX: DPM) President and CEO David Rae says investor appetite drove the company’s new Australian listing. Speaking to Kitco Mining at Mining Forum Americas 2025, he said there was “a niche or an opportunity where investors would be interested in a high margin producer with a growth portfolio heading towards 600,000 gold ounces equivalent.” DPM joined the ASX on September 18, 2025, under the ticker ASX: DPM.The year has been transformative, with the company delivering 70,000 gold equivalent ounces in Q2 at just over US$1,000 per ounce, all-in sustaining costs. This generated margins of US$2,200 per ounce. The Adriatic Metals acquisition fills the production gap as Chelopech winds down, and Rae noted, “We move straight away in 2027 to 425,000 ounces from somewhere in the 300,000 ounce gold equivalent range now.” The company is also debt-free, holding US$800 million in cash at Q2, with “about 75 to 80% of our free cash flow generated in H1 this year going in terms of buybacks and dividends.” Upcoming catalysts include a Q4 feasibility study at Čoka Rakita (170,000 ounces per year at US$644 per ounce AISC), further drilling at Dimitri Potok, where results hit “131 meters at 4% copper equivalent,” and updated costs at Loma Larga in Ecuador. Don’t forget to subscribe to our YouTube channel to stay up to date on the latest industry news and interviews.Special thanks to our sponsor, Metalla Royalty & Streaming Ltd, for making this coverage possible 👉 To learn more, visit https://metallaroyalty.comDisclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

Transcription

This episode hasn't been transcribed yet

Help us prioritize this episode for transcription by upvoting it.

0 upvotes

🗳️ Sign in to Upvote

Popular episodes get transcribed faster

Other recent transcribed episodes

Transcribed and ready to explore now

13:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

2ª PARTE | 06 ENE 2026 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

3ª PARTE | 22 ENE 2026 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

3ª PARTE | 04 MAR 2026 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

Comments

There are no comments yet.

Please log in to write the first comment.

Report any issue

Kitco MINING

CEO says DPM is “Heading Towards 600,000 Gold Ounces Equivalent”

This episode hasn't been transcribed yet

Other recent transcribed episodes

13:00H | 21 DIC 2025 | Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

2ª PARTE | 06 ENE 2026 | EL PARTIDAZO DE COPE

3ª PARTE | 22 ENE 2026 | EL PARTIDAZO DE COPE

3ª PARTE | 04 MAR 2026 | EL PARTIDAZO DE COPE

Sign in to Audioscrape

Share this moment