Video News/Mining Forum Americas 2025

DPM Metals (TSX: DPM) President and CEO David Rae says investor appetite was behind the company’s new ASX listing. Speaking with 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.” The company delivered 70,000 gold equivalent ounces in Q2 at just over US$1,000 AISC, generating margins of US$2,200 per ounce. Rae said, “We move straight away in 2027 to 425,000 ounces from somewhere in the 300,000 ounce gold equivalent range now.” DPM is debt-free with US$800 million in cash, and “about 75 to 80% of our free cash flow generated in H1 this year going in terms of buybacks and dividends.” Catalysts include a Q4 feasibility study at Čoka Rakita, drilling at Dimitri Potok with “131 meters at 4% copper equivalent,” and updated costs at Loma Larga.