DPM Metals Posts Solid Q1 2026 Output as Vareš Ramp-Up Advances and Serbian Exploration Accelerates

Dundee Precious Mtl ( (TSE:DPM) ) has issued an announcement.

DPM Metals reported solid preliminary first-quarter 2026 production of 84,000 gold equivalent ounces across its Chelopech, Ada Tepe and Vareš operations, and reaffirmed that all sites are on track to meet full-year guidance despite expected mine sequencing and ramp-up effects. The Vareš mine delivered 29,000 gold equivalent ounces as it continues its ramp-up, with a short processing plant shutdown planned in the second quarter for tailings infrastructure tie-ins to support higher output in the second half of the year.

Chelopech’s 43,000 gold equivalent ounces reflected lower grades and recoveries that were anticipated, with production set to improve in the second quarter, while Ada Tepe’s 12,000 ounces aligned with expectations as it nears the end of its mine life and moves toward responsible closure and rehabilitation by mid-2026. The company also renewed exploration permits for the Čoka Rakita licence in Serbia, launched a 20,000-metre drilling program focused on the Dumitru Potok prospect and related trends, and returned US$25.4 million to shareholders through share repurchases under its Normal Course Issuer Bid.

The most recent analyst rating on (TSE:DPM) stock is a Buy with a C$53.00 price target. To see the full list of analyst forecasts on Dundee Precious Mtl stock, see the TSE:DPM Stock Forecast page.

Spark’s Take on DPM Stock

According to Spark, TipRanks’ AI Analyst, DPM is a Outperform.

Score is driven primarily by very strong financial performance (high margins, strong free cash flow, and minimal leverage) and supportive technical uptrend. Earnings call adds a positive but tempered outlook due to higher projected costs and permitting/regulatory risks, while valuation is only moderate with a low dividend yield.

To see Spark’s full report on DPM stock, click here.

More about Dundee Precious Mtl

DPM Metals Inc. is a Toronto-based precious metals producer operating gold, silver, copper, zinc and lead mines, with key assets including the Chelopech and Ada Tepe operations and the ramping-up Vareš mine. The company focuses on high-grade, low-cost production and disciplined cost management, positioning itself to maintain robust margins despite volatile global economic conditions.

Average Trading Volume: 1,072,633

Technical Sentiment Signal: Buy

Current Market Cap: C$11.69B

Find detailed analytics on DPM stock on TipRanks’ Stock Analysis page.