DPM Metals posts record $203M free cash flow as Vareš mine ramps up production in Q1 2026

DPM Metals reported a record free cash flow of $203 million and strong adjusted net earnings of $168 million in Q1 2026, driven by higher metal prices and the ramp-up of its Vareš mine. The company produced 84,042 gold equivalent ounces, on track to meet its 2026 production guidance. Vareš is expected to reach full production by year-end, while development and exploration continue at other projects like Čoka Rakita and Dumitru Potok. DPM ended the quarter with $575.5 million in cash and an undrawn $400 million credit facility, maintaining strong liquidity to support growth and shareholder returns.