Canada's Dundee Precious Metals Q4 revenue surges on rise in prices

DPM Metals

10/02/2026 22:09

Corrects company name in headline to 'DPM Metals,' formerly Dundee Precious Metals

Overview

Canada-based mining firm's Q4 adjusted EBITDA exceeded analyst estimates

Company achieved record free cash flow of $505 mln for 2025

Outlook

Company expects Vareš production to reach full capacity by year-end 2026

DPM plans $49 mln to $53 mln in Čoka Rakita pre-construction spending for 2026

Company anticipates first concentrate production at Čoka Rakita in H1 2029

Result Drivers

HIGH METAL PRICES - Revenue and earnings were boosted by high realized metal prices, contributing to record financial results

GOLD PRODUCTION - Chelopech met production guidance with higher gold and copper grades, while Ada Tepe's production was lower due to mining in lower grade zones

VAREŠ CONTRIBUTION - The acquisition of Vareš contributed to revenue growth, with integration progressing well

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$352.50 mln
$265.24 mln (2 Analysts)
Q4 Adjusted Net Income
$170.40 mln
Q4 Net Income
$157.30 mln
Q4 Adjusted EBITDA
Beat
$230 mln
$210.85 mln (3 Analysts)
Q4 Free Cash Flow
$182.80 mln
Q4 Pretax Profit
$183.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for DPM Metals Inc is C$57.50, about 9.2% above its February 9 closing price of C$52.66

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX6ZWkqK

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)