{"success":true,"data":{"pressRelease":{"id":"164128","rtpr_id":"nGNX5rgbvT-20261008","ticker":"DPM","exchange":"TSX","all_tickers":["DPM"],"title":"DPM Metals Reports Third Quarter Gold Equivalent Production Results; On Track to Achieve High-End of 2026 Guidance","author":"Globe Newswire","published_at":"2026-10-08T11:45:00.177Z","article_body":"TORONTO, Oct. 08, 2026 (GLOBE NEWSWIRE) -- DPM Metals Inc. (TSX: DPM, ASX:\nDPM) (ARBN: 689370894) (“DPM” or “the Company”) today announced\npreliminary production results for the three and nine months ended September\n30, 2026.\n\n“We continue to deliver strong operating performance, producing 97,000 gold\nequivalent ounces in the third quarter, positioning DPM to achieve the\nhigh-end of our production guidance for 2026,” said David Rae, President and\nCEO of DPM Metals.\n\n“The ramp-up of Vareš continues to progress ahead of our expectations and\nthe mine is now expected to exceed its 2026 production guidance – an\nachievement that demonstrates our strong operating capabilities.\n\n“Before year-end, we plan to start development of the twin declines for the\nWedge Zone, which is expected to add near-term production and mine life at\nChelopech. Combined with our ongoing exploration success at Dumitru Potok and\nBrevene Porphyry South, we are building a platform for high-margin growth to\ndeliver strong returns for our shareholders.\n\n“We continue to invest in these high-return organic growth opportunities\nwhile returning capital to shareholders, buying back nearly $150 million of\nshares year-to-date, reflecting our confidence and excitement for our organic\ngrowth potential.”\n\nPreliminary Third Quarter 2026 Production Highlights\n\nPreliminary results for the third quarter of 2026 are provided below:\n\n                                           Unit  Chelopech  Ada Tepe  Vareš   Consolidated  \n Ore processed                             Kt    530        38        143     711           \n Metals contained in concentrate produced                                                   \n Gold                                      Koz   41         2         10      53            \n Silver                                    Koz   46         1         887     934           \n Copper                                    Mlbs  5          -         2       7             \n Zinc                                      Mlbs  -          -         28      28            \n Lead                                      Mlbs  -          -         17      17            \n Gold equivalent ounces (“GEO”) (1)        Koz   50         2         45      97            \n Payable metals in concentrate sold                                                         \n Gold                                      Koz   37         2         8       47            \n Silver                                    Koz   42         1         824     867           \n Copper                                    Mlbs  5          -         1       6             \n Zinc                                      Mlbs  -          -         16      16            \n Lead                                      Mlbs  -          -         12      12            \n GEO (1)                                   Koz   45         2         30      77            \n1. The Company uses conversion ratios for calculating GEO for its silver,\ncopper, zinc and lead production and sales, which are calculated by\nmultiplying the volumes of metal produced or sold, as applicable, by the\nrespective average market metal prices for the quarter, and dividing the\nresulting figure by the average market gold price. See section titled “Gold\nEquivalent Calculation” on page 4 for the average market metals prices used\nin the calculation of third quarter gold equivalent production.\nPreliminary results for the first nine months of 2026 are provided below:\n\n                                           Unit  Chelopech  Ada Tepe  Vareš   Consolidated  \n Ore processed                             Kt    1,586      403       339     2,328         \n Metals contained in concentrate produced                                                   \n Gold                                      Koz   116        25        25      166           \n Silver                                    Koz   379        17        2,842   3,238         \n Copper                                    Mlbs  20         -         4       24            \n Zinc                                      Mlbs  -          -         52      52            \n Lead                                      Mlbs  -          -         35      35            \n GEO (1)                                   Koz   149        25        109     283           \n Payable metals in concentrate sold                                                         \n Gold                                      Koz   105        25        17      147           \n Silver                                    Koz   346        14        2,202   2,562         \n Copper                                    Mlbs  18         -         1       19            \n Zinc                                      Mlbs  -          -         30      30            \n Lead                                      Mlbs  -          -         23      23            \n GEO (1)                                   Koz   135        26        69      230           \n1. The Company uses conversion ratios for calculating GEO for its silver,\ncopper, zinc and lead production and sales, which are calculated by\nmultiplying the volumes of metal produced or sold, as applicable, by the\nrespective average market metal prices for the quarter, and dividing the\nresulting figure by the average market gold price. See section titled “Gold\nEquivalent Calculation” on page 4 for the average market metals prices used\nin the calculation of the first nine months of 2026 gold equivalent\nproduction.\nOperating Highlights\n\nAs a result of strong year-to-date performance, DPM now expects to achieve the\nhigh end of its gold equivalent production guidance for the year.\n\nVareš produced approximately 45,000 GEO in the third quarter, in line with\nthe planned ramp-up of the mine to full production and reflecting stronger\nthan expected grades. Construction of the second tailings filter and paste\nbackfill plant are nearing completion and are expected to begin commissioning\nin November and December, respectively.\n\nOverall, the Vareš ramp-up is proceeding on plan, and DPM expects to achieve\nthe full production run-rate of 850,000 tonne per annum by the end of 2026.\nVaresš is expected to exceed the high end of its 2026 gold equivalent\nproduction range.\n\nOn August 10, 2026, DPM declared commercial production at Vareš. Gross\noperating costs at Vares will be included in its all-in sustaining cost from\nthat date forward.\n\nRefer to the Company’s news release dated October 1, 2026, for information\nwith respect to the recent decision of the Constitutional Court in Bosnia and\nHerzegovina and the “Cautionary Note Regarding Forward Looking\nInformation” section of this news release.\n\nChelopech produced approximately 50,000 GEO in the third quarter, which was in\nline with plan, and Chelopech is on-track to achieve its production guidance\nfor 2026.\n\nDPM has continued to advance the high-grade Wedge Zone prospect as a near-term\nopportunity, which is expected to grow production and extend mine life at\nChelopech commencing in late 2028. The Company is on track to complete an\ninitial Wedge Zone Mineral Resource estimate by year-end and has advanced\nengineering to proceed with the development of twin declines to the Wedge\nZone, which is expected to commence during the fourth quarter of 2026. The\nWedge Zone is expected to begin contributing to Chelopech’s production in\nlate 2028.\n\nAda Tepe produced approximately 2,000 GEO in the third quarter, as the process\nplant concluded operations on July 15, 2026. Dismantling and refurbishing of\ncertain processing facilities commenced, in preparation for the Čoka Rakita\nproject, which is expected to commence construction in early 2027.\n\nReturn of Capital to Shareholders\n\nDuring the third quarter of 2026, DPM repurchased 1,860,000 common shares at\nan average price of US$40.23 (Cdn$56.35) per share for a total cost of\napproximately US$74.8 million under its Normal Course Issuer Bid.\nYear-to-date, the Company has repurchased 4,003,348 common shares at an\naverage price of US$37.36 (Cdn$51.97) per share for a total of approximately\nUS$149.6 million.\n\nSince 2021, DPM has repurchased a total of 33.6 million shares at an average\nprice of C$16.71, which represents approximately 18% of the weighted average\nnumber of shares outstanding over that period. \n\nAs previously announced in July 2026, DPM will pay a quarterly dividend of\nUS$0.04 per share on October 15, 2026, to shareholders of record on September\n30, 2026.\n\nTiming of Third Quarter 2026 Operating and Financial Results\n\nThe Company plans to release its third quarter 2026 operating and financial\nresults after market close on Thursday, November 12, 2026. The news release,\nManagement’s Discussion and Analysis (“MD&A”) and condensed interim\nconsolidated financial statements will be posted on SEDAR+ at www.sedarplus.ca\nand on the Company’s website at www.dpmmetals.com.\n\nOn Friday, November 13, 2026, at 9 AM EST, DPM will host a conference call and\naudio webcast to discuss the results, followed by a question-and-answer\nsession. To participate via conference call, register in advance at the link\nin the following table to receive the dial-in information as well as a\npersonalized PIN code to access the call.\n\n Conference call date and time  Friday, November 13, 2026 9 AM EST                                                  \n Call registration              https://register-conf.media-server.com/register/BI872678320a1940ef9c874e68551c8e68  \n Webcast link                   https://edge.media-server.com/mmc/p/duyydm3o                                        \n Replay                         Archive will be available on www.dpmmetals.com                                      \n\nGold Equivalent Calculation\n\nThe Company uses conversion ratios for calculating GEO for its silver, copper,\nzinc and lead production and sales, which are calculated by multiplying the\nvolumes of metal produced or sold, as applicable, by the respective assumed\nmetal prices, and dividing the resulting figure by the assumed gold price. The\nconsolidated total GEO reported may include minor quantities of other metals\nthat are not considered material.\n\nGEO produced and sold for the third quarter and first nine months of 2026 and\nDPM’s 2026 guidance are based on the following metal prices:\n\n                                                         Gold ($/oz.)  Silver ($/oz.)  Copper ($/lb.)  Zinc ($/lb.)  Lead ($/lb.)  \n Third quarter of 2026 average market metal prices       4,270         62.73           6.40            1.74          0.84          \n First nine months of 2026 average market metals prices  4,554         73.52           6.09            1.59          0.87          \n 2026 guidance assumption                                4,200         50.00           5.00            1.30          0.90          \n\nFor more information regarding DPM’s 2026 guidance and three-year outlook,\nrefer to the MD&A for the three months ended March 31, 2026, issued on May 5,\n2026, available on at www.sedarplus.ca and at www.dpmmetals.com.\n\nTechnical Information\n\nThe technical and scientific information in this news release has been\nreviewed and approved by Ross Overall, Director, Corporate Technical Services,\nof DPM, who is a Qualified Person as defined under National Instrument 43-101\n– Standards of Disclosure for Mineral Projects, and not independent of the\nCompany.\n\nAbout DPM Metals Inc.\n\nDPM Metals Inc. is a Canadian-based international gold mining company with\noperations and projects located in Bulgaria, Bosnia and Herzegovina, Serbia\nand Ecuador. Our strategic objective is to become a mid-tier precious metals\ncompany, which is based on sustainable, responsible and efficient gold\nproduction from our portfolio, the development of quality assets, and\nmaintaining a strong financial position to support growth in mineral reserves\nand production through disciplined strategic transactions. This strategy\ncreates a platform for robust growth to deliver above-average returns for our\nshareholders. DPM trades on the Toronto Stock Exchange (symbol: DPM) and the\nAustralian Securities Exchange as a Foreign Exempt Listing (symbol: DPM).\n\nFor further information please contact:\n\nJennifer Cameron\nDirector, Investor Relations\nTel: (416) 219-6177\njcameron@dpmmetals.com\n\nCautionary Note Regarding Forward Looking Statements\n\nThis news release contains “forward looking statements” or “forward\nlooking information” (collectively, “Forward Looking Statements”) that\ninvolve a number of risks and uncertainties. Forward Looking Statements are\nstatements that are not historical facts and are generally, but not always,\nidentified by the use of forward looking terminology such as “plans”,\n“expects”, “is expected”, “budget”, “scheduled”,\n“estimates”, “forecasts”, “outlook”, “intends”,\n“anticipates”, “believes”, or variations of such words and phrases or\nthat state that certain actions, events or results “may”, “could”,\n“would”, “might” or “will” be taken, occur or be achieved, or the\nnegative of any of these terms or similar expressions. The Forward Looking\nStatements in this news release relate to, among other things: updated\nguidance for Vareš, the expected timing of commissioning of paste backfill\nplant and second tailings filter and expectations with respect to the ramp-up\nand full production run-rate at Vareš; expected rates of production at the\nCompany’s operating properties; the Company’s future business plans,\nobjectives, and strategy, including, without limitation, meeting its targeted\nannual rates of production from its operating mines; anticipated steps in the\ndevelopment of the Wedge Zone prospect at Chelopech, the timing thereof, and\ntheir anticipated impact on future rates of production and mine life;\nanticipated steps in the development of the Čoka Rakita project and the\ntiming thereof, including the timing for commencement of construction;\nstatements with respect to outlook and guidance previously provided by the\nCompany; the Company’s intentions with respect to repurchases of shares\nunder its Normal Course Issuer Bid; timing and amounts of dividends; and the\nanticipated timing for the release of the Company’s financial and\noperational results for the three and nine month periods ended September 30,\n2026. Forward Looking Statements are based on certain key assumptions and the\nopinions and estimates of management, as of the date such statements are made,\nand they involve known and unknown risks, uncertainties and other factors\nwhich may cause the actual results, performance or achievements of the Company\nto be materially different from any other future results, performance or\nachievements expressed or implied by the Forward Looking Statements. In\naddition to factors already discussed in this news release, such factors\ninclude, among others, fluctuations in metal prices and foreign exchange\nrates; in respect of the Constitutional Court decision announced in the\nCompany’s news release dated October 1, 2026 ordering a review by the\nrelevant authorities of certain acts reflecting state-owned forests and\nforestry land, including the Concession Agreement and its annexes for the\nVareš operation and other instruments related thereto, there are\nuncertainties with respect to such review and the outcome thereof on DPM’s\nConcession Agreement and other instruments, as well as uncertainties with\nrespect to DPM being able to be successful in its engagement and next steps to\nprotect its rights, and the outcome of such review may affect the guidance and\nother expectations for Vareš, its operations, and other matters discussed\nabove, which assume that DPM’s Concession Agreement and other instruments\nwill remain unaffected (see Company’s news release dated October 1, 2026 for\nmore information); risks arising from the current economic environment and the\nimpact on operating costs and other financial metrics, including risks of\nrecession; the commencement, continuation or escalation of geopolitical crises\nand armed conflicts and their direct and indirect effects on the operations of\nDPM; changes in laws and regulations, or judicial interpretations thereof,\nincluding with respect to taxes, and the Company's ability to successfully\nobtain all necessary permits and other approvals required to conduct its\noperations; risks arising from counterparties being unable to or unwilling to\nfulfill their contractual obligations to the Company; the speculative nature\nof mineral exploration, development and production, including changes in\nmineral production performance, exploitation and exploration results; the\nCompany’s dependence on its operations at Chelopech and Vareš; changes in\ntax and tariff regimes in the jurisdictions in which the Company operates or\nwhich are otherwise applicable to the Company’s business, operations, or\nfinancial condition; possible inaccurate estimates relating to future\nproduction, operating costs and other costs for operations; possible\nvariations in ore grade and recovery rates; inherent uncertainties in respect\nof conclusions of economic evaluations, economic studies and mine plans;\nuncertainties with respect to the results of technical studies of the\nCompany's exploration and development projects and the results thereof; the\nCompany’s dependence on continually developing, replacing and expanding its\nmineral reserves; uncertainties and risks inherent to developing and\ncommissioning new mines into production, which may be subject to unforeseen\ndelays; risks related to the possibility that future exploration results will\nnot be consistent with the Company’s expectations, that quantities or grades\nof reserves will be diminished, and that resources may not be converted to\nreserves; risks associated with the fact that certain of the Company's\ninitiatives are still in the early stages and may not materialize; changes in\nproject parameters, including schedule and budget, as plans continue to be\nrefined; risks related to the financial results of operations, changes in\ninterest rates, and the Company's ability to finance its operations; the\nimpact of global liquidity and credit availability on the timing of cash flows\nand the values of assets and liabilities based on projected future cash flows;\nuncertainties inherent with conducting business in foreign jurisdictions where\ncorruption, civil unrest, political instability and uncertainties with the\nrule of law may impact the Company’s activities; accidents, labour disputes\nand other risks inherent to the mining industry; failure to achieve certain\ncost savings; risks related to the Company's ability to manage environmental\nand social matters, including risks and obligations related to closure of the\nCompany's mining properties; risks related to climate change, including\nextreme weather events, resource shortages, emerging policies and increased\nregulations related to greenhouse gas emission levels, energy efficiency and\nreporting of risks; land reclamation and mine closure requirements, and costs\nassociated therewith; the Company's controls over financial reporting and\nobligations as a public company; delays in obtaining governmental approvals or\nfinancing or in the completion of development or construction activities;\nopposition by social and non-governmental organizations to mining projects;\nuncertainties with respect to realizing the anticipated benefits from the\ndevelopment of the Company's exploration and development projects;\ncyber-attacks and other cybersecurity risks; competition in the mining\nindustry; exercising judgment when undertaking impairment assessments; claims\nor litigation; limitations on insurance coverage; changes in values of the\nCompany's investment portfolio; employee relations, including unionized and\nnon-union employees, and the Company's ability to retain key personnel and\nattract other highly skilled employees; ability to successfully integrate\nacquisitions or complete divestitures; disputes and challenges with respect to\nland title; volatility in the price of the common shares of the Company;\npotential dilution to the common shares of the Company; damage to the\nCompany’s reputation due to the actual or perceived occurrence of any number\nof events, including negative publicity with respect to the Company’s\nhandling of environmental matters or dealings with community groups, whether\ntrue or not; risks related to holding assets in foreign jurisdictions;\nconflicts of interest between the Company and its directors and officers; the\ntiming and amounts of dividends; there being no assurance that the Company\nwill purchase additional common shares of the Company under the Normal Course\nIssuer Bid, as well as those risk factors discussed or referred to in the\nMD&A, the Company's most recent Annual Information Form in any other documents\nfiled from time to time with the securities regulatory authorities in all\nprovinces and territories of Canada and available on SEDAR+ at\nwww.sedarplus.ca . Any of the risks discussed herein and in any other\ndocuments filed from time to time with the securities regulatory authorities\nby the Company may result in a material adverse effect on the Company. The\nreader has been cautioned that the foregoing list is not exhaustive of all\nfactors which may have been used. Although the Company has attempted to\nidentify important factors that could cause actual actions, events or results\nto differ materially from those described in Forward Looking Statements, there\nmay be other factors that cause actions, events or results not to be\nanticipated, estimated or intended. There can be no assurance that\nForward-Looking Statements will prove to be accurate, as actual results and\nfuture events could differ materially from those anticipated in such\nstatements. The Company’s Forward Looking Statements reflect current\nexpectations regarding future events and speak only as of the date hereof.\nUnless required by securities laws, the Company undertakes no obligation to\nupdate Forward Looking Statements if circumstances or management’s estimates\nor opinions should change. Accordingly, readers are cautioned not to place\nundue reliance on Forward Looking Statements.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/de0e1050-57d3-4588-98c7-47a0e00f1962)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX5rgbvT-20261008","title":"DPM Metals Reports Third Quarter Gold Equivalent Production Results; On Track to Achieve High-End of 2026 Guidance","author":"Globe Newswire","ticker":"DPM","created":"2026-10-08T11:45:00.177Z","tickers":["DPM"],"exchange":"TSX","article_body":"TORONTO, Oct. 08, 2026 (GLOBE NEWSWIRE) -- DPM Metals Inc. (TSX: DPM, ASX:\nDPM) (ARBN: 689370894) (“DPM” or “the Company”) today announced\npreliminary production results for the three and nine months ended September\n30, 2026.\n\n“We continue to deliver strong operating performance, producing 97,000 gold\nequivalent ounces in the third quarter, positioning DPM to achieve the\nhigh-end of our production guidance for 2026,” said David Rae, President and\nCEO of DPM Metals.\n\n“The ramp-up of Vareš continues to progress ahead of our expectations and\nthe mine is now expected to exceed its 2026 production guidance – an\nachievement that demonstrates our strong operating capabilities.\n\n“Before year-end, we plan to start development of the twin declines for the\nWedge Zone, which is expected to add near-term production and mine life at\nChelopech. Combined with our ongoing exploration success at Dumitru Potok and\nBrevene Porphyry South, we are building a platform for high-margin growth to\ndeliver strong returns for our shareholders.\n\n“We continue to invest in these high-return organic growth opportunities\nwhile returning capital to shareholders, buying back nearly $150 million of\nshares year-to-date, reflecting our confidence and excitement for our organic\ngrowth potential.”\n\nPreliminary Third Quarter 2026 Production Highlights\n\nPreliminary results for the third quarter of 2026 are provided below:\n\n                                           Unit  Chelopech  Ada Tepe  Vareš   Consolidated  \n Ore processed                             Kt    530        38        143     711           \n Metals contained in concentrate produced                                                   \n Gold                                      Koz   41         2         10      53            \n Silver                                    Koz   46         1         887     934           \n Copper                                    Mlbs  5          -         2       7             \n Zinc                                      Mlbs  -          -         28      28            \n Lead                                      Mlbs  -          -         17      17            \n Gold equivalent ounces (“GEO”) (1)        Koz   50         2         45      97            \n Payable metals in concentrate sold                                                         \n Gold                                      Koz   37         2         8       47            \n Silver                                    Koz   42         1         824     867           \n Copper                                    Mlbs  5          -         1       6             \n Zinc                                      Mlbs  -          -         16      16            \n Lead                                      Mlbs  -          -         12      12            \n GEO (1)                                   Koz   45         2         30      77            \n1. The Company uses conversion ratios for calculating GEO for its silver,\ncopper, zinc and lead production and sales, which are calculated by\nmultiplying the volumes of metal produced or sold, as applicable, by the\nrespective average market metal prices for the quarter, and dividing the\nresulting figure by the average market gold price. See section titled “Gold\nEquivalent Calculation” on page 4 for the average market metals prices used\nin the calculation of third quarter gold equivalent production.\nPreliminary results for the first nine months of 2026 are provided below:\n\n                                           Unit  Chelopech  Ada Tepe  Vareš   Consolidated  \n Ore processed                             Kt    1,586      403       339     2,328         \n Metals contained in concentrate produced                                                   \n Gold                                      Koz   116        25        25      166           \n Silver                                    Koz   379        17        2,842   3,238         \n Copper                                    Mlbs  20         -         4       24            \n Zinc                                      Mlbs  -          -         52      52            \n Lead                                      Mlbs  -          -         35      35            \n GEO (1)                                   Koz   149        25        109     283           \n Payable metals in concentrate sold                                                         \n Gold                                      Koz   105        25        17      147           \n Silver                                    Koz   346        14        2,202   2,562         \n Copper                                    Mlbs  18         -         1       19            \n Zinc                                      Mlbs  -          -         30      30            \n Lead                                      Mlbs  -          -         23      23            \n GEO (1)                                   Koz   135        26        69      230           \n1. The Company uses conversion ratios for calculating GEO for its silver,\ncopper, zinc and lead production and sales, which are calculated by\nmultiplying the volumes of metal produced or sold, as applicable, by the\nrespective average market metal prices for the quarter, and dividing the\nresulting figure by the average market gold price. See section titled “Gold\nEquivalent Calculation” on page 4 for the average market metals prices used\nin the calculation of the first nine months of 2026 gold equivalent\nproduction.\nOperating Highlights\n\nAs a result of strong year-to-date performance, DPM now expects to achieve the\nhigh end of its gold equivalent production guidance for the year.\n\nVareš produced approximately 45,000 GEO in the third quarter, in line with\nthe planned ramp-up of the mine to full production and reflecting stronger\nthan expected grades. Construction of the second tailings filter and paste\nbackfill plant are nearing completion and are expected to begin commissioning\nin November and December, respectively.\n\nOverall, the Vareš ramp-up is proceeding on plan, and DPM expects to achieve\nthe full production run-rate of 850,000 tonne per annum by the end of 2026.\nVaresš is expected to exceed the high end of its 2026 gold equivalent\nproduction range.\n\nOn August 10, 2026, DPM declared commercial production at Vareš. Gross\noperating costs at Vares will be included in its all-in sustaining cost from\nthat date forward.\n\nRefer to the Company’s news release dated October 1, 2026, for information\nwith respect to the recent decision of the Constitutional Court in Bosnia and\nHerzegovina and the “Cautionary Note Regarding Forward Looking\nInformation” section of this news release.\n\nChelopech produced approximately 50,000 GEO in the third quarter, which was in\nline with plan, and Chelopech is on-track to achieve its production guidance\nfor 2026.\n\nDPM has continued to advance the high-grade Wedge Zone prospect as a near-term\nopportunity, which is expected to grow production and extend mine life at\nChelopech commencing in late 2028. The Company is on track to complete an\ninitial Wedge Zone Mineral Resource estimate by year-end and has advanced\nengineering to proceed with the development of twin declines to the Wedge\nZone, which is expected to commence during the fourth quarter of 2026. The\nWedge Zone is expected to begin contributing to Chelopech’s production in\nlate 2028.\n\nAda Tepe produced approximately 2,000 GEO in the third quarter, as the process\nplant concluded operations on July 15, 2026. Dismantling and refurbishing of\ncertain processing facilities commenced, in preparation for the Čoka Rakita\nproject, which is expected to commence construction in early 2027.\n\nReturn of Capital to Shareholders\n\nDuring the third quarter of 2026, DPM repurchased 1,860,000 common shares at\nan average price of US$40.23 (Cdn$56.35) per share for a total cost of\napproximately US$74.8 million under its Normal Course Issuer Bid.\nYear-to-date, the Company has repurchased 4,003,348 common shares at an\naverage price of US$37.36 (Cdn$51.97) per share for a total of approximately\nUS$149.6 million.\n\nSince 2021, DPM has repurchased a total of 33.6 million shares at an average\nprice of C$16.71, which represents approximately 18% of the weighted average\nnumber of shares outstanding over that period. \n\nAs previously announced in July 2026, DPM will pay a quarterly dividend of\nUS$0.04 per share on October 15, 2026, to shareholders of record on September\n30, 2026.\n\nTiming of Third Quarter 2026 Operating and Financial Results\n\nThe Company plans to release its third quarter 2026 operating and financial\nresults after market close on Thursday, November 12, 2026. The news release,\nManagement’s Discussion and Analysis (“MD&A”) and condensed interim\nconsolidated financial statements will be posted on SEDAR+ at www.sedarplus.ca\nand on the Company’s website at www.dpmmetals.com.\n\nOn Friday, November 13, 2026, at 9 AM EST, DPM will host a conference call and\naudio webcast to discuss the results, followed by a question-and-answer\nsession. To participate via conference call, register in advance at the link\nin the following table to receive the dial-in information as well as a\npersonalized PIN code to access the call.\n\n Conference call date and time  Friday, November 13, 2026 9 AM EST                                                  \n Call registration              https://register-conf.media-server.com/register/BI872678320a1940ef9c874e68551c8e68  \n Webcast link                   https://edge.media-server.com/mmc/p/duyydm3o                                        \n Replay                         Archive will be available on www.dpmmetals.com                                      \n\nGold Equivalent Calculation\n\nThe Company uses conversion ratios for calculating GEO for its silver, copper,\nzinc and lead production and sales, which are calculated by multiplying the\nvolumes of metal produced or sold, as applicable, by the respective assumed\nmetal prices, and dividing the resulting figure by the assumed gold price. The\nconsolidated total GEO reported may include minor quantities of other metals\nthat are not considered material.\n\nGEO produced and sold for the third quarter and first nine months of 2026 and\nDPM’s 2026 guidance are based on the following metal prices:\n\n                                                         Gold ($/oz.)  Silver ($/oz.)  Copper ($/lb.)  Zinc ($/lb.)  Lead ($/lb.)  \n Third quarter of 2026 average market metal prices       4,270         62.73           6.40            1.74          0.84          \n First nine months of 2026 average market metals prices  4,554         73.52           6.09            1.59          0.87          \n 2026 guidance assumption                                4,200         50.00           5.00            1.30          0.90          \n\nFor more information regarding DPM’s 2026 guidance and three-year outlook,\nrefer to the MD&A for the three months ended March 31, 2026, issued on May 5,\n2026, available on at www.sedarplus.ca and at www.dpmmetals.com.\n\nTechnical Information\n\nThe technical and scientific information in this news release has been\nreviewed and approved by Ross Overall, Director, Corporate Technical Services,\nof DPM, who is a Qualified Person as defined under National Instrument 43-101\n– Standards of Disclosure for Mineral Projects, and not independent of the\nCompany.\n\nAbout DPM Metals Inc.\n\nDPM Metals Inc. is a Canadian-based international gold mining company with\noperations and projects located in Bulgaria, Bosnia and Herzegovina, Serbia\nand Ecuador. Our strategic objective is to become a mid-tier precious metals\ncompany, which is based on sustainable, responsible and efficient gold\nproduction from our portfolio, the development of quality assets, and\nmaintaining a strong financial position to support growth in mineral reserves\nand production through disciplined strategic transactions. This strategy\ncreates a platform for robust growth to deliver above-average returns for our\nshareholders. DPM trades on the Toronto Stock Exchange (symbol: DPM) and the\nAustralian Securities Exchange as a Foreign Exempt Listing (symbol: DPM).\n\nFor further information please contact:\n\nJennifer Cameron\nDirector, Investor Relations\nTel: (416) 219-6177\njcameron@dpmmetals.com\n\nCautionary Note Regarding Forward Looking Statements\n\nThis news release contains “forward looking statements” or “forward\nlooking information” (collectively, “Forward Looking Statements”) that\ninvolve a number of risks and uncertainties. Forward Looking Statements are\nstatements that are not historical facts and are generally, but not always,\nidentified by the use of forward looking terminology such as “plans”,\n“expects”, “is expected”, “budget”, “scheduled”,\n“estimates”, “forecasts”, “outlook”, “intends”,\n“anticipates”, “believes”, or variations of such words and phrases or\nthat state that certain actions, events or results “may”, “could”,\n“would”, “might” or “will” be taken, occur or be achieved, or the\nnegative of any of these terms or similar expressions. The Forward Looking\nStatements in this news release relate to, among other things: updated\nguidance for Vareš, the expected timing of commissioning of paste backfill\nplant and second tailings filter and expectations with respect to the ramp-up\nand full production run-rate at Vareš; expected rates of production at the\nCompany’s operating properties; the Company’s future business plans,\nobjectives, and strategy, including, without limitation, meeting its targeted\nannual rates of production from its operating mines; anticipated steps in the\ndevelopment of the Wedge Zone prospect at Chelopech, the timing thereof, and\ntheir anticipated impact on future rates of production and mine life;\nanticipated steps in the development of the Čoka Rakita project and the\ntiming thereof, including the timing for commencement of construction;\nstatements with respect to outlook and guidance previously provided by the\nCompany; the Company’s intentions with respect to repurchases of shares\nunder its Normal Course Issuer Bid; timing and amounts of dividends; and the\nanticipated timing for the release of the Company’s financial and\noperational results for the three and nine month periods ended September 30,\n2026. Forward Looking Statements are based on certain key assumptions and the\nopinions and estimates of management, as of the date such statements are made,\nand they involve known and unknown risks, uncertainties and other factors\nwhich may cause the actual results, performance or achievements of the Company\nto be materially different from any other future results, performance or\nachievements expressed or implied by the Forward Looking Statements. In\naddition to factors already discussed in this news release, such factors\ninclude, among others, fluctuations in metal prices and foreign exchange\nrates; in respect of the Constitutional Court decision announced in the\nCompany’s news release dated October 1, 2026 ordering a review by the\nrelevant authorities of certain acts reflecting state-owned forests and\nforestry land, including the Concession Agreement and its annexes for the\nVareš operation and other instruments related thereto, there are\nuncertainties with respect to such review and the outcome thereof on DPM’s\nConcession Agreement and other instruments, as well as uncertainties with\nrespect to DPM being able to be successful in its engagement and next steps to\nprotect its rights, and the outcome of such review may affect the guidance and\nother expectations for Vareš, its operations, and other matters discussed\nabove, which assume that DPM’s Concession Agreement and other instruments\nwill remain unaffected (see Company’s news release dated October 1, 2026 for\nmore information); risks arising from the current economic environment and the\nimpact on operating costs and other financial metrics, including risks of\nrecession; the commencement, continuation or escalation of geopolitical crises\nand armed conflicts and their direct and indirect effects on the operations of\nDPM; changes in laws and regulations, or judicial interpretations thereof,\nincluding with respect to taxes, and the Company's ability to successfully\nobtain all necessary permits and other approvals required to conduct its\noperations; risks arising from counterparties being unable to or unwilling to\nfulfill their contractual obligations to the Company; the speculative nature\nof mineral exploration, development and production, including changes in\nmineral production performance, exploitation and exploration results; the\nCompany’s dependence on its operations at Chelopech and Vareš; changes in\ntax and tariff regimes in the jurisdictions in which the Company operates or\nwhich are otherwise applicable to the Company’s business, operations, or\nfinancial condition; possible inaccurate estimates relating to future\nproduction, operating costs and other costs for operations; possible\nvariations in ore grade and recovery rates; inherent uncertainties in respect\nof conclusions of economic evaluations, economic studies and mine plans;\nuncertainties with respect to the results of technical studies of the\nCompany's exploration and development projects and the results thereof; the\nCompany’s dependence on continually developing, replacing and expanding its\nmineral reserves; uncertainties and risks inherent to developing and\ncommissioning new mines into production, which may be subject to unforeseen\ndelays; risks related to the possibility that future exploration results will\nnot be consistent with the Company’s expectations, that quantities or grades\nof reserves will be diminished, and that resources may not be converted to\nreserves; risks associated with the fact that certain of the Company's\ninitiatives are still in the early stages and may not materialize; changes in\nproject parameters, including schedule and budget, as plans continue to be\nrefined; risks related to the financial results of operations, changes in\ninterest rates, and the Company's ability to finance its operations; the\nimpact of global liquidity and credit availability on the timing of cash flows\nand the values of assets and liabilities based on projected future cash flows;\nuncertainties inherent with conducting business in foreign jurisdictions where\ncorruption, civil unrest, political instability and uncertainties with the\nrule of law may impact the Company’s activities; accidents, labour disputes\nand other risks inherent to the mining industry; failure to achieve certain\ncost savings; risks related to the Company's ability to manage environmental\nand social matters, including risks and obligations related to closure of the\nCompany's mining properties; risks related to climate change, including\nextreme weather events, resource shortages, emerging policies and increased\nregulations related to greenhouse gas emission levels, energy efficiency and\nreporting of risks; land reclamation and mine closure requirements, and costs\nassociated therewith; the Company's controls over financial reporting and\nobligations as a public company; delays in obtaining governmental approvals or\nfinancing or in the completion of development or construction activities;\nopposition by social and non-governmental organizations to mining projects;\nuncertainties with respect to realizing the anticipated benefits from the\ndevelopment of the Company's exploration and development projects;\ncyber-attacks and other cybersecurity risks; competition in the mining\nindustry; exercising judgment when undertaking impairment assessments; claims\nor litigation; limitations on insurance coverage; changes in values of the\nCompany's investment portfolio; employee relations, including unionized and\nnon-union employees, and the Company's ability to retain key personnel and\nattract other highly skilled employees; ability to successfully integrate\nacquisitions or complete divestitures; disputes and challenges with respect to\nland title; volatility in the price of the common shares of the Company;\npotential dilution to the common shares of the Company; damage to the\nCompany’s reputation due to the actual or perceived occurrence of any number\nof events, including negative publicity with respect to the Company’s\nhandling of environmental matters or dealings with community groups, whether\ntrue or not; risks related to holding assets in foreign jurisdictions;\nconflicts of interest between the Company and its directors and officers; the\ntiming and amounts of dividends; there being no assurance that the Company\nwill purchase additional common shares of the Company under the Normal Course\nIssuer Bid, as well as those risk factors discussed or referred to in the\nMD&A, the Company's most recent Annual Information Form in any other documents\nfiled from time to time with the securities regulatory authorities in all\nprovinces and territories of Canada and available on SEDAR+ at\nwww.sedarplus.ca . Any of the risks discussed herein and in any other\ndocuments filed from time to time with the securities regulatory authorities\nby the Company may result in a material adverse effect on the Company. The\nreader has been cautioned that the foregoing list is not exhaustive of all\nfactors which may have been used. Although the Company has attempted to\nidentify important factors that could cause actual actions, events or results\nto differ materially from those described in Forward Looking Statements, there\nmay be other factors that cause actions, events or results not to be\nanticipated, estimated or intended. There can be no assurance that\nForward-Looking Statements will prove to be accurate, as actual results and\nfuture events could differ materially from those anticipated in such\nstatements. The Company’s Forward Looking Statements reflect current\nexpectations regarding future events and speak only as of the date hereof.\nUnless required by securities laws, the Company undertakes no obligation to\nupdate Forward Looking Statements if circumstances or management’s estimates\nor opinions should change. Accordingly, readers are cautioned not to place\nundue reliance on Forward Looking Statements.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/de0e1050-57d3-4588-98c7-47a0e00f1962)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-08T11:45:00.228782875Z","server_sent_at_ms":1791459900228},"received_at":"2026-10-08T11:45:00.305Z","source_url":null},"analysis":{"id":"152564","press_release_id":"164128","analysis_json":{"industry":{"label":"Gold","sector":"Materials"},"redFlags":["Bosnia and Herzegovina Constitutional Court ordered a review of state-owned forest land acts, creating uncertainty around the Vareš Concession Agreement (per Oct 1, 2026 release)","Ada Tepe process plant concluded operations July 15, 2026 -- mine now in wind-down"],"eventType":"operations_update","narrative":"DPM Metals produced 97,000 gold equivalent ounces in Q3 2026 and now expects to achieve the high end of its 2026 production guidance.\n\nThe Vareš mine ramp-up is ahead of expectations, producing roughly 45,000 GEO and now expected to exceed its 2026 guidance, with full 850,000 tpa run-rate targeted by year-end.\n\nDPM repurchased approximately US$149.6 million of shares year-to-date and will pay a US$0.04 quarterly dividend on October 15.\n\nDevelopment of twin declines to the high-grade Wedge Zone at Chelopech is planned to start in Q4 2026, with first production contribution expected in late 2028; Q3 financial results will be released November 12.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Vareš ramp-up beats plan and DPM guides to the high end of 2026 GEO production -- but the Bosnia concession review remains an unresolved overhang."},"keyFigures":{"guidance":"DPM now expects to achieve the high end of its 2026 gold equivalent production guidance; Vareš expected to exceed the high end of its 2026 range and reach full 850,000 tpa run-rate by end of 2026","customDimensions":{"vares_q3_geo":45000,"q3_buyback_usd":74800000,"ada_tepe_q3_geo":2000,"q3_geo_sold_koz":77,"ytd_buyback_usd":149600000,"chelopech_q3_geo":50000,"q3_geo_produced_koz":97,"q3_shares_repurchased":1860000,"ytd_shares_repurchased":4003348,"vares_full_run_rate_tpa":850000,"q3_avg_buyback_price_usd":40.23,"nine_month_geo_produced_koz":283,"shares_repurchased_since_2021":33600000}},"quotedText":"We continue to deliver strong operating performance, producing 97,000 gold equivalent ounces in the third quarter, positioning DPM to achieve the high-end of our production guidance for 2026","namedEntities":{"people":[{"name":"David Rae","role":"President and CEO"},{"name":"Ross Overall","role":"Director, Corporate Technical Services; Qualified Person"},{"name":"Jennifer Cameron","role":"Director, Investor Relations"}],"products":["Chelopech","Ada Tepe","Vareš","Wedge Zone","Dumitru Potok","Brevene Porphyry South","Čoka Rakita"],"companies":[{"name":"DPM Metals Inc.","ticker":"DPM","relationship":"filer"}],"dollarAmounts":[{"amount":"US$74.8 million","context":"Q3 2026 share repurchases under NCIB"},{"amount":"US$149.6 million","context":"year-to-date share repurchases"},{"amount":"nearly $150 million","context":"shares bought back year-to-date per CEO"},{"amount":"US$40.23","context":"average Q3 repurchase price per share"},{"amount":"US$0.04","context":"quarterly dividend per share payable October 15, 2026"},{"amount":"C$16.71","context":"average repurchase price since 2021"}]},"materialImpact":{"score":3,"reasoning":"Preliminary Q3 production of 97,000 GEO with the company now tracking to the high end of 2026 guidance, and the Vareš ramp-up exceeding its own guidance. Meaningful operational catalyst but not an earnings report or binary event."},"tickerRelevance":{"others":[],"primary":"DPM"},"globalImportance":35,"audienceRelevance":35,"eventTypeSecondary":["guidance_update","buyback","dividend"],"importanceComponents":{"tickerTier":"mid-cap gold miner","eventGravity":"production beat / guidance raise to high end","capitalReturn":"US$150M YTD buyback supports bull case","jurisdictionRisk":"Bosnia concession review overhang"}},"event_type":"operations_update","event_type_secondary":["guidance_update","buyback","dividend"],"sentiment":"bullish","material_impact_score":3,"narrative":"DPM Metals produced 97,000 gold equivalent ounces in Q3 2026 and now expects to achieve the high end of its 2026 production guidance.\n\nThe Vareš mine ramp-up is ahead of expectations, producing roughly 45,000 GEO and now expected to exceed its 2026 guidance, with full 850,000 tpa run-rate targeted by year-end.\n\nDPM repurchased approximately US$149.6 million of shares year-to-date and will pay a US$0.04 quarterly dividend on October 15.\n\nDevelopment of twin declines to the high-grade Wedge Zone at Chelopech is planned to start in Q4 2026, with first production contribution expected in late 2028; Q3 financial results will be released November 12.","key_figures":{"guidance":"DPM now expects to achieve the high end of its 2026 gold equivalent production guidance; Vareš expected to exceed the high end of its 2026 range and reach full 850,000 tpa run-rate by end of 2026","customDimensions":{"vares_q3_geo":45000,"q3_buyback_usd":74800000,"ada_tepe_q3_geo":2000,"q3_geo_sold_koz":77,"ytd_buyback_usd":149600000,"chelopech_q3_geo":50000,"q3_geo_produced_koz":97,"q3_shares_repurchased":1860000,"ytd_shares_repurchased":4003348,"vares_full_run_rate_tpa":850000,"q3_avg_buyback_price_usd":40.23,"nine_month_geo_produced_koz":283,"shares_repurchased_since_2021":33600000}},"named_entities":{"people":[{"name":"David Rae","role":"President and CEO"},{"name":"Ross Overall","role":"Director, Corporate Technical Services; Qualified Person"},{"name":"Jennifer Cameron","role":"Director, Investor Relations"}],"products":["Chelopech","Ada Tepe","Vareš","Wedge Zone","Dumitru Potok","Brevene Porphyry South","Čoka Rakita"],"companies":[{"name":"DPM Metals Inc.","ticker":"DPM","relationship":"filer"}],"dollarAmounts":[{"amount":"US$74.8 million","context":"Q3 2026 share repurchases under NCIB"},{"amount":"US$149.6 million","context":"year-to-date share repurchases"},{"amount":"nearly $150 million","context":"shares bought back year-to-date per CEO"},{"amount":"US$40.23","context":"average Q3 repurchase price per share"},{"amount":"US$0.04","context":"quarterly dividend per share payable October 15, 2026"},{"amount":"C$16.71","context":"average repurchase price since 2021"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-08T11:45:10.062Z","global_importance":35,"audience_relevance":35,"importance_components":{"tickerTier":"mid-cap gold miner","eventGravity":"production beat / guidance raise to high end","capitalReturn":"US$150M YTD buyback supports bull case","jurisdictionRisk":"Bosnia concession review overhang"}},"durationMs":9731,"modelName":"glm-5.3-flashx"}}