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- Last 2026-11-06
- A$54.07
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$11.9B
- EV
- A$10.7B
- Cash
- US$761.2M
- Debt
- US$0
Investment view
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Sign in or enter a guest codeAnnouncements
Latest 12 of 2All sources ▸- Q1 2026 preliminary productionOperations
- 2025 Annual ReportResults
Event calendar · next 12 months
6 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Spatial plan H2 2026 and ESIA submission year-end 2026 | Čoka Rakita spatial plan and ESIA | Permitting | Company Guided | High | A valuation-material milestone that may alter cash generation, permitting risk or the timing of capital investment. |
| Authorities have six months after September 30 decision; end-March 2027 monitoring window inferred | Bosnia court compliance review | Permitting | Inferred | High | A valuation-material milestone that may alter cash generation, permitting risk or the timing of capital investment. |
| 850000tpa by year-end 2026 | Vareš full throughput ramp | Production | Company Guided | High | A valuation-material milestone that may alter cash generation, permitting risk or the timing of capital investment. |
| Initial resource by year-end2026; no stand-alone Wedge mine plan assumed. | Chelopech Wedge initial resource | Resource Or Reserve | Company Guided | High | A valuation-material milestone that may alter cash generation, permitting risk or the timing of capital investment. |
| 12 November 2026 after market close | Third quarter financial results | Results | Confirmed | High | A valuation-material milestone that may alter cash generation, permitting risk or the timing of capital investment. |
| Early 2027 conditional on permits and formal decision | Čoka Rakita construction decision | Construction Or Commissioning | Company Guided | High | A valuation-material milestone that may alter cash generation, permitting risk or the timing of capital investment. |
Executive roster
As of 2026-10-13Background checks ▸Annual executive roster with Peter Brady effective September 28 replacing legal/corporate-affairs leadership; company-secretary succession not explicitly resolved. All named operating and technical executives retained; full background diligence not performed.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| David Rae | President and CEO | Executive Director · Chief Executive | — | 2025 Annual Report |
| Navin Dyal | Executive Vice President and CFO | Finance | — | 2025 Annual Report |
| Iliya Garkov | Executive Vice President and COO | Operations | — | 2025 Annual Report |
| W. John DeCooman Jr. | Executive Vice President, Corporate Development | Commercial | — | 2025 Annual Report |
| Nikolay Hristov | Senior Vice President, Sustainable Business Development | Senior Management | — | 2025 Annual Report |
| Alex Wilson | Senior Vice President, Human Resources | Senior Management | — | 2025 Annual Report |
| João Zanon | Senior Vice President, Capital Projects and Evaluations | Technical | — | 2025 Annual Report |
| Sylvia Chen | Vice President, Finance | Finance | — | 2025 Annual Report |
| Mark Crawley | Vice President, Commercial | Commercial | — | 2025 Annual Report |
| Rishi Ghuldu | Vice President, Supply Chain and Technology | Commercial | — | 2025 Annual Report |
| Lyubomir Haynov | Vice President, Operational Readiness and General Manager, Chelopech | Operations | — | 2025 Annual Report |
| Anna Ivanova | Vice President, Business Optimization; Bosnia Country Director secondment | Operations | — | 2025 Annual Report |
| Mirco Nolte | Vice President, Projects | Technical | — | 2025 Annual Report |
| Tsvetomir Velkov | Vice President, Technical Services | Technical | — | 2025 Annual Report |
| Armenak Grigoryan | General Manager, Vareš | Operations | — | 2025 Annual Report |
| Stefan Metodiev | General Manager, Exploration | Technical | — | 2025 Annual Report |
| Irena Tsakova | General Manager, Ada Tepe | Operations | — | 2025 Annual Report |
| Peter Brady | Executive Vice President, General Counsel and Corporate Affairs | Senior Management | 2026-09-28 | Peter Brady appointment |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Chelopech
Bulgaria
Producer100% ownedGoldCopperSilver
Core operating mine; reserve life to 2036 depends on concession renewal in 2029.
- Production annualised (attributable)
- 164.0k ozd
- Production (last FY, 100%)
- 174.4k oz
- AISC (latest quarter)
- NM
- AISC margin at spot
- —
- Delivery vs guidance
- —
- Reserve life
- 9.3 yrsd
- Head grade
- 3.03 g/t
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | mi | 15.3M t | 2.18 g/t gold | Gold | 2025-05-31 |
| Mineral Resource | inferred | 9.1M t | 1.96 g/t gold | Gold | 2025-05-31 |
| Ore Reserve | total | 23.2M t | 2.18 g/t gold | Gold | 2025-05-31 |
Core asset
Vareš
Bosnia and Herzegovina
Ramping Producer100% ownedSilverGoldZincLeadCopper
Commercial production from 10 August 2026; capacity ramp and six-month court compliance review remain material.
- Production annualised (attributable)
- 3.5m ozd
- Production (last FY, 100%)
- 533.4k oz
- AISC (latest quarter)
- NM
- AISC margin at spot
- —
- Delivery vs guidance
- —
- Reserve life
- 130.6 yrsd
- Head grade
- 294.95 g/t
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | mi | 3.8M t | 193.02 g/t silver | Silver | 2025-04-01 |
| Mineral Resource | inferred | 700K t | 125.73 g/t silver | Silver | 2025-04-01 |
| Ore Reserve | total | 9.5M t | 228 g/t silver | Silver | 2025-04-01 |
Core asset
Čoka Rakita
Serbia
DFS Unfunded Developer100% ownedGold
Feasibility complete; formal construction decision and permits remain pending.
- Study
- DFS
- Post-tax NPV (study prices, attributable)
- US$782.0md
- NPV restated at our deck (attributable)
- Locked
- IRR
- 36%s
- Initial capex (100%)
- US$448.0ms
- Capital intensity
- US$3,343/(oz/yr)d
- LoM AISC
- A$965/ozs
- Mine life
- 10.0 yrss
Published study economicsIssuer or study metrics
NPVUS$782M5% discount
IRR36%Published return
Initial capexUS$448MPublished capital estimate
Operating cost644USD/oz
After-tax construction-forward at USD1900/oz; conditional Serbian tax relief assumed at 0% effective income tax over mine life.
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | mi | 530K t | 3.94 g/t gold | Gold | 2025-01-17 |
| Mineral Resource | inferred | 90K t | 3.6 g/t gold | Gold | 2025-01-17 |
| Ore Reserve | total | 7.3M t | 6.44 g/t gold | Gold | 2025-01-17 |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Čoka Rakita Feasibility Study | DFS | Reaffirmed | 2025-11-26 | Ten-year mine; NPV5 USD782m at USD1900 gold, USD2207m at USD3500, initial capex USD448m; special spatial plan and formal construction decision pending. |
Other
Ada Tepe
Bulgaria
Care And Maintenance100% ownedGold
Ore and processing exhausted 15 July 2026; closure and rehabilitation only.
- Ownership
- 100%
- Description
- Processing completed July 2026; rehabilitation only
- Book value
- —
Material
Rakita Camp
Serbia
Resource Stage100% ownedGoldCopperSilver
Dumitru Potok, Rakita North and Frasen inferred resources; no economic study yet.
- Contained metal (attributable)
- 2.6m ozd
- Resource grade
- 0.97 g/td
- % Measured + Indicated
- 0%d
- Resource tonnes
- 84.40 Mtd
- Our value per attrib. contained unit
- Locked
- Mining method
- —
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | inferred | 84.4M t | 0.97 g/t gold | Gold | 2025-10-23 |
Material
Loma Larga
Ecuador
DFS Unfunded Developer100% ownedGoldSilverCopper
Environmental permit revoked in October 2025; construction remains blocked.
- Study
- NM
- Post-tax NPV (study prices, attributable)
- NM
- NPV restated at our deck (attributable)
- Locked
- IRR
- NM
- Initial capex (100%)
- —
- Capital intensity
- —
- LoM AISC
- —
- Mine life
- —
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | mi | 6M t | 2.9 g/t gold | Gold | 2023-09-29 |
| Mineral Resource | inferred | 2.2M t | 2.54 g/t gold | Gold | 2023-09-29 |
| Ore Reserve | total | 12.6M t | 4.7 g/t gold | Gold | 2023-09-29 |
Other
Timok
Serbia
PFS Developer100% ownedGold
Legacy PFS project without a current construction commitment.
- Study
- NM
- Post-tax NPV (study prices, attributable)
- NM
- NPV restated at our deck (attributable)
- Locked
- IRR
- NM
- Initial capex (100%)
- —
- Capital intensity
- —
- LoM AISC
- —
- Mine life
- —
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | mi | 23M t | 0.94 g/t gold | Gold | 2022-03-31 |
| Mineral Resource | inferred | 1.1M t | 0.8 g/t gold | Gold | 2022-03-31 |
| Ore Reserve | total | 22.7M t | 1.15 g/t gold | Gold | 2022-03-31 |
Other
Tulare
Serbia
Resource Stage100% ownedGoldCopper
Legacy Kiseljak and Yellow Creek resource positions; no separate base-case economic value.
- Contained metal (attributable)
- 3.8m ozd
- Resource grade
- 0.22 g/td
- % Measured + Indicated
- 0%d
- Resource tonnes
- 547.00 Mtd
- Our value per attrib. contained unit
- Locked
- Mining method
- —
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | kiseljak-inferred | 459M t | 0.2 g/t gold | Gold | 2014-03-31 |
| Mineral Resource | yellow-creek-inferred | 88M t | 0.3 g/t gold | Gold | 2014-03-31 |
Other
Tierras Coloradas
Ecuador
Early Explorer100% ownedGold
Exploration holding; no stand-alone credible economic anchor.
- Ownership
- 100%
- Commodity
- Aur
- Country
- ECr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Construction funding capacity appears adequate before further acquisitions or legal disruption; cash date predates Q3 buybacks and unknown Q3 cash generation.
Capital structure
Ownership and dilution
- Ordinary shares
- 219.4M
- Fully diluted
- 220.2M
Global common-share denominator, including ASX1:1 CDIs, is exact July30 total219368650 plus877611 options, without proceeds. July779000 purchases overlap Q3 total1860000; they must not be added. September presentation rounds219m. Exact post-July option exercises/cancellation dates unavailable; retaining latest exact total overstates shares by at most roughly1.1m known additional buybacks before new exercises, less than0.5%.
Security classes2
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Common shares, including shares underlying ASX CDIs | Ordinary Share | 219.4M | — | — |
| 877611 options; CAD6.17-48.98, weighted CAD14.76; no option proceeds credited | Option | 877.6K | — | — |
KPI history
Operating metrics
Operating metric source table4
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Contained gold production | Chelopech | Q2 2026 | Quarter | 42,667 oz gold | Reported |
| Preliminary contained gold production | Chelopech | Q3 2026 | Quarter | 41,000 oz gold | Reported |
| Contained silver production | Vares | Q2 2026 | Quarter | 1,043,455 oz silver | Reported |
| Preliminary contained silver production | Vares | Q3 2026 | Quarter | 887,000 oz silver | Reported |
Company guidance2
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Gold Equivalent Production | Company | 2026 | 305,000 | 365,000 GEO | Current |
| AISC Per Geo Sold | Company | 2026 | 1,300 | 1,450 USD/GEO | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-30Ann. 2026-10-08 | Buyback | US$74.8M | — | — | Completed | — |
| 2026-10-15Ann. 2026-07-31 | Dividend | — | — | — | Announced | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Material royalties, copper stream, Vares offtake and June provisional receivable hedges reviewed; complete concentrate penalties and exact hedge settlement dates unavailable.
Gross metal royalty 1.5% until concession expiry in 2029; national variable rates then depend on metals and renewal.
Royalty · Active- Counterparties
- Bulgaria
- Applies to
- Chelopech · Gold · Silver · Copper
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Current rate: 1.5 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Serbian 5% NSR royalty is embedded in published feasibility NAV, including high-gold-price case.
Royalty · Active- Counterparties
- Serbia
- Applies to
- Čoka Rakita · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- NSR rate: 5 %
How it affects our valuation
No valuation treatment is available for this arrangement.
BAM3.9/ROM tonne, approximately US$2.18/t; incorporated in Vares study opex and not added again.
Royalty · Active- Counterparties
- Zenica-Doboj Canton
- Applies to
- Vareš · Gold · Silver · Copper · Zinc · Lead
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Royalty per ROM tonne: 2.18 USD/t
How it affects our valuation
No valuation treatment is available for this arrangement.
Monthly LME copper warrants equal24.5% of contained copper, with30% payment from Gold Royalty, life of mine. Model deducts70% net warrant burden in Vares operating cash costs; liability is not separately deducted.
Stream · Active- Counterparties
- Gold Royalty Corp.
- Applies to
- Vareš · Copper
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Copper warrant share: 24.5 %
Payment fraction: 30 %
How it affects our valuation
No valuation treatment is available for this arrangement.
100% silver-lead and over 90% zinc concentrate contracted for first 2-3 years; counterparty names and complete payability/penalty terms not disclosed in reviewed sources.
Offtake · Active- Applies to
- Vareš · Silver · Gold · Copper · Zinc · Lead
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Silver-lead contracted: 100 %
How it affects our valuation
No valuation treatment is available for this arrangement.
June 30 gold provisional-receivable swaps; 22905oz fixed USD4093. Within-four-month maturities, not a perpetual mine production hedge.
Commodity Hedge · Unknown- Applies to
- Chelopech · Gold
- Economic direction
- Mixed
- Period
- Through 2026-10-30; start date not stated
- Key terms
- Fixed volume: 22,905 oz
Fixed price: 4,093 USD/oz
How it affects our valuation
No valuation treatment is available for this arrangement.
June 30 copper provisional-receivable swaps; 2903485lb fixed USD6.07. Maturity/completion by cutoff unconfirmed; no beyond-2026 operating hedge extrapolated.
Commodity Hedge · Unknown- Applies to
- Chelopech · Copper
- Economic direction
- Mixed
- Period
- Through 2026-10-30; start date not stated
- Key terms
- Fixed volume: 2,903,485 lb
Fixed price: 6.07 USD/lb
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The team has documented experience operating Bulgarian mines and corporate transactions, alongside significant unresolved community, environmental and occupational-safety issues. A prior officer departure and legal leadership transition require careful roster interpretation.
Decision-relevant facts
Material summary
David Rae
President and CEO
Role FitAnalyst Inference · Medium materiality
Relevant career and role
CEO since May 2020; DPM COO from 2014 and SVP operations from 2012; prior senior roles at Xstrata, Falconbridge, BHP and Anglo American.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · David Rae officer listing on p. 133
Management Team · Named management biography
Company SuccessIssuer Reported · Medium materiality
2025 production and financial results
DPM reported 244,979 ounces of gold, 30 million pounds of copper, and US$492 million operating cash flow from continuing operations in 2025. These are corporate outcomes and commodity prices also affect financial results.
Role overlaps event; causation unproven · The company result occurred during this executive role; an individual causal contribution is not isolated.
2025 Annual Report · pp. 3–4: performance highlights
SafetyDocumented · High materiality
Tsumeb workplace fatality and investigation
A DPM employee died during maintenance at the Tsumeb smelter in November 2020; DPM halted operations and notified authorities. Its subsequent AIF said an external investigation was completed and recommendations closed. The original report and regulatory disposition were not obtained; DPM sold the smelter in August 2024.
Role overlaps event; causation unproven · Rae was CEO at the time; sources do not establish personal fault or direct responsibility for the incident.
2021 Annual Information Form · p. 33: Tsumeb operation
Tsumeb smelter sale completed · Transaction details
EnvironmentDisputed · High materiality
Tsumeb environmental and human-rights allegations
UN experts wrote to DPM in 2025 and 2026 seeking responses to allegations of worker and community harm related to historical contamination at the former Tsumeb smelter. The communications are not adjudicated findings. An independent investigation reported high arsenic results and community allegations; DPM disputed allegations and said it had invested in environmental upgrades. OHCHR lists company replies, but the signed image-only documents could not be read in this environment.
Role overlaps event; causation unproven · The allegations span multiple owners and periods, including Rae’s CEO tenure; neither the allegations nor role establish personal misconduct.
Special procedures communication OTH 52/2025 · pp. 1–6, communication OTH 52/2025
Special procedures follow-up OTH 51/2026 · pp. 1–4, communication OTH 51/2026
Canadian copper company leaves toxic waste · Investigation and company response
UN Tsumeb communication and replies index · Reply index
GovernanceDisputed · High materiality
Loma Larga licence and consultation dispute
UN experts sought clarification on allegations concerning consultation and human rights in July 2026. DPM confirmed the environmental licence issued in June 2025 was revoked in October 2025; it maintains its environmental plan is compliant and was considering legal avenues. MiningWatch reported allegations concerning proceedings against six environmental defenders and quoted DPM rejecting allegations of illegalities, manipulation, violence or intimidation. The communication is not an adjudicated finding.
Role overlaps event; causation unproven · Rae was CEO during the licence and dispute; no personal misconduct or direct responsibility is established.
Q1 2026 management discussion and analysis · Loma Larga Project
Civil-society letter on Loma Larga and company response · Letter and quoted company response
Evidence gaps · 5
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
- The 2025 and 2026 signed OHCHR responses are image-only and could not be read with available tools.
- Tsumeb original investigation findings and regulatory disposition were not obtained.
Navin Dyal
Executive Vice President and CFO
Role FitAnalyst Inference · Medium materiality
Relevant career and role
CFO since November 2022; previously Teranga Gold CFO and Barrick finance leadership.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Navin Dyal officer listing on p. 133
Management Team · Named management biography
Company SuccessIssuer Reported · Medium materiality
2025 production and financial results
DPM reported 244,979 ounces of gold, 30 million pounds of copper, and US$492 million operating cash flow from continuing operations in 2025. These are corporate outcomes and commodity prices also affect financial results.
Role overlaps event; causation unproven · The company result occurred during this executive role; an individual causal contribution is not isolated.
2025 Annual Report · pp. 3–4: performance highlights
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
Iliya Garkov
Executive Vice President and COO
Role FitAnalyst Inference · Medium materiality
Relevant career and role
COO since 2024; earlier senior roles at Chelopech and European operations, with reported contributions to Ada Tepe commissioning.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Iliya Garkov officer listing on p. 133
Management Team · Named management biography
Company SuccessIssuer Reported · Medium materiality
2025 production and financial results
DPM reported 244,979 ounces of gold, 30 million pounds of copper, and US$492 million operating cash flow from continuing operations in 2025. These are corporate outcomes and commodity prices also affect financial results.
Role overlaps event; causation unproven · The company result occurred during this executive role; an individual causal contribution is not isolated.
2025 Annual Report · pp. 3–4: performance highlights
EnvironmentDisputed · High materiality
Vareš blood-lead concerns
Reuters reported lead detection among residents and a complaint by environmental groups after DPM acquired the Vareš operation. The company said it was cooperating with authorities; in October 2026 the municipality and health centre said testing had not established a specific source or causal link to a particular industry.
Role overlaps event; causation unproven · Garkov’s operations remit includes Vareš; detected exposure does not establish mine causation or his personal responsibility.
Blood lead testing and company comments · Reuters report and company statement
Vareš health-centre and municipality update · 23 October institutional update
2026 Management Information Circular · p. 111: COO accountabilities
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
W. John DeCooman Jr.
Executive Vice President, Corporate Development
Role FitAnalyst Inference · Medium materiality
Relevant career and role
EVP Corporate Development from June 2024; previously Sweetwater Royalties CEO 2020–23 and SSR Mining business development 2009–20.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · W. John DeCooman Jr. officer listing on p. 133
Management Team · Named management biography
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
Nikolay Hristov
Senior Vice President, Sustainable Business Development
Role FitAnalyst Inference · Medium materiality
Relevant career and role
DPM Chelopech from 2004, VP and GM from 2011, and senior sustainability leadership from Toronto from 2015; DPM announced departure at the end of April 2026.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
DPM reports record 2025 results and senior management update · p. 10, Hristov planned departure and career
Evidence gaps · 4
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
- DPM announced end-April 2026 departure; independent confirmation of the actual last day was not obtained.
Alex Wilson
Senior Vice President, Human Resources
Role FitAnalyst Inference · Medium materiality
Relevant career and role
SVP HR at DPM; previously Barrick VP organizational effectiveness and Deloitte consulting.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Alex Wilson officer listing on p. 133
Management Team · Named management biography
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
João Zanon
Senior Vice President, Capital Projects and Evaluations
Role FitAnalyst Inference · Medium materiality
Relevant career and role
SVP capital projects from 2 March 2026; previously Maaden project director, Ero Copper VP Projects from 2022 to 2024, and Vale projects roles from 2010 to 2022.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · João Zanon officer listing on p. 133
Management Team · Named management biography
SafetyIssuer Reported · Medium materiality
Ero Copper fatalities during prior-employer tenure
Ero reported two fatalities at Caraíba in 2023 and two separate workplace fatalities at Caraíba and Xavantina in 2024. Ero said it investigated, changed practices and began a longer safety improvement initiative. DPM’s AIF places Zanon in a prior Ero project leadership role from late 2022 through December 2024; the site and incident responsibilities of that role were not established.
Role overlaps event; causation unproven · Employer-level events during his corporate projects tenure; no personal involvement, site accountability or fault is established.
2023 Ero Copper Sustainability Report · 2023 sustainability report p. 25
2024 Ero Copper Sustainability Report · 2024 sustainability report p. 21 and p. 51
2025 Annual Information Form · Five-year employment history, Zanon
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
Sylvia Chen
Vice President, Finance
Role FitAnalyst Inference · Medium materiality
Relevant career and role
Joined DPM in 2011, advancing through controller positions to VP Finance in 2022.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Sylvia Chen officer listing on p. 133
Management Team · Named management biography
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
Mark Crawley
Vice President, Commercial
Role FitAnalyst Inference · Medium materiality
Relevant career and role
VP commercial from November 2016; previously KGHM International SVP commercial and earlier Noranda, Traxys and Louis Dreyfus positions.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Mark Crawley officer listing on p. 133
Management Team · Named management biography
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
Rishi Ghuldu
Vice President, Supply Chain and Technology
Role FitAnalyst Inference · Medium materiality
Relevant career and role
VP supply chain since 2024; earlier Newmont Goldcorp and Barrick roles; founder and CEO of ZERV during 2019–24.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Rishi Ghuldu officer listing on p. 133
Management Team · Named management biography
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
Lyubomir Haynov
Vice President, Operational Readiness and General Manager, Chelopech
Role FitAnalyst Inference · Medium materiality
Relevant career and role
Joined Chelopech in 1995; Ada Tepe operations director 2016, GM in 2022 and VP operational readiness in 2024. Current issuer heading states Chelopech GM.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Lyubomir Haynov officer listing on p. 133
Management Team · Named management biography
Personal SuccessIssuer Reported · Medium materiality
Ada Tepe operational-readiness work
DPM’s 2022 leadership announcement says Haynov contributed to Ada Tepe operational readiness as the mine entered production in 2019, and to its integrated mine waste facility.
Individual involvement documented · Issuer leadership announcement directly credits his contribution, but does not quantify it separately.
Bulgarian operations leadership update · 2022 leadership announcement
Evidence gaps · 4
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
- Issuer website contains a Chelopech GM heading but body describes Ada Tepe GM; exact Chelopech appointment date is not established.
Anna Ivanova
Vice President, Business Optimization; Bosnia Country Director secondment
Role FitAnalyst Inference · Medium materiality
Relevant career and role
Joined DPM in 2005; appointed VP business optimization in September 2022 and recorded as seconded Bosnia country director in the annual report.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Anna Ivanova officer listing on p. 133
Management Team · Named management biography
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
Mirco Nolte
Vice President, Projects
Role FitAnalyst Inference · Medium materiality
Relevant career and role
DPM metallurgist from 2007; later processing and operational-excellence roles and VP projects. Current issuer biography calls the role VP Project Development and Evaluations.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Mirco Nolte officer listing on p. 133
Management Team · Named management biography
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
Tsvetomir Velkov
Vice President, Technical Services
Role FitAnalyst Inference · Medium materiality
Relevant career and role
Joined Chelopech as intern, geotechnical engineer from 2001; became Chelopech GM in 2022 and VP Technical Services in 2024.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Tsvetomir Velkov officer listing on p. 133
Management Team · Named management biography
Personal SuccessIssuer Reported · Medium materiality
Chelopech Smart Centre transition
DPM’s 2022 leadership announcement attributes the transition of the Smart Centre from pilot to operation to Velkov.
Individual involvement documented · Issuer directly credits leadership; incremental financial contribution is not established.
Bulgarian operations leadership update · 2022 leadership announcement
Management Team · Tsvetomir Velkov biography
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
Armenak Grigoryan
General Manager, Vareš
Role FitAnalyst Inference · Medium materiality
Relevant career and role
Joined DPM in 2007, held processing and maintenance leadership roles, and became Vareš General Manager in March 2026.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Armenak Grigoryan officer listing on p. 133
Management Team · Named management biography
EnvironmentDisputed · High materiality
Vareš community exposure and response
Lead was detected in residents near Vareš, prompting community concern and a complaint. DPM funded testing and said it would cooperate. In October 2026 the municipality and health centre said the exposure source and a causal link to any particular industry had not been established; monitoring and analysis continued.
Role overlaps event; causation unproven · Grigoryan became Vareš GM in March 2026; evidence does not establish that the mine caused exposure or personal fault.
Blood lead testing and company comments · Reuters report and DPM statement
Vareš health-centre and municipality update · 23 October institutional update
Management Team · Grigoryan biography
Evidence gaps · 4
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
- Vareš exposure source, health monitoring and complaint outcomes remain under investigation.
Stefan Metodiev
General Manager, Exploration
Role FitAnalyst Inference · Medium materiality
Relevant career and role
Joined DPM exploration in 2017; issuer states GM Exploration from February 2026 and currently labels him VP Exploration.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Stefan Metodiev officer listing on p. 133
Management Team · Named management biography
Company SuccessIssuer Reported · Medium materiality
Chelopech exploration results
DPM reported porphyry drilling results at Chelopech in June 2026 and identified Metodiev as a qualified person who reviewed the technical disclosure; exploration results are not a defined economic reserve or production.
Individual involvement documented · The release identifies him as a technical reviewer; it does not establish sole responsibility for the discovery.
Chelopech porphyry mineralisation release · pp. 1 and 9, results and qualified persons
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
Irena Tsakova
General Manager, Ada Tepe
Role FitAnalyst Inference · Medium materiality
Relevant career and role
Joined Chelopech in 1999; led HSE and permitting, worked on the Krumovgrad project, and became Ada Tepe GM in April 2024.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
2025 Annual Report · Irena Tsakova officer listing on p. 133
Management Team · Named management biography
Evidence gaps · 3
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
Peter Brady
Executive Vice President, General Counsel and Corporate Affairs
Role FitAnalyst Inference · Medium materiality
Relevant career and role
EVP General Counsel and Corporate Affairs from 28 September 2026; formerly Lundin Mining general counsel from September 2023 and Vale Base Metals legal leader from 2020.
Responsibility not applicable · Issuer biography and dated roster; experience does not by itself prove individual contribution.
Appointment of Peter Brady · Appointment and stated effective date
Management Team · Named management biography
SafetyIssuer Reported · Medium materiality
Lundin Neves-Corvo fatality
Lundin Mining reported an employee died in a February 2024 underground fall of ground at Neves-Corvo and notified authorities. Lundin’s AIF places Brady as general counsel from September 2023. The investigation’s final outcome was not established.
Role overlaps event; causation unproven · Brady was group general counsel; no site or personal responsibility for the accident is established.
Neves-Corvo fatality · Fatality announcement
2024 Lundin Mining AIF · Officer table and chronology
Evidence gaps · 5
- Independent verification of reported qualifications and professional memberships was not completed.
- Prior-employer outcomes and dates, and role-specific responsibility, remain incompletely corroborated.
- Targeted local-language regulator, court and historical incident searches are incomplete; this screening is not a clearance.
- DPM corporate-secretary succession was not established from the appointment announcement.
- Final Neves-Corvo investigation and regulator disposition were not located.
Company ownership
Investors & shareholders
Registered shareholder list unavailable
The available disclosures below do not provide a complete ranked register.
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 11.23%Issued shares | 2025-09-30 |
Sources & review notesEvidence checked through 2026-10-31
Coverage and limitations
- The last identified holding disclosure is from September 2025; a current Canadian filing could change the position and no full registered-holder list was identified.
- The issuer circular and some third-party ownership tables treat 39,634,636 exposure as shares; the underlying report separately includes contracts for difference and CDIs.
- ASX CDIs are 1:1 interests in TSX common shares, but the snapshot schema cannot separately represent CDI balances without mislabelling them as directly held ordinary shares.
- The register is unavailable and the reporting group is not an exhaustive holder list.
Sources
- Helikon Investments alternative monthly report
Helikon Investments Limited via ASX · Published 2025-10-17 · Accessed 2026-10-31
Position at 30 September 2025 distinguishes ordinary shares, CDIs, and CFD economic exposure.
downloads/DPM/2025/2025-10-17_Change in substantial holding_47effcd8b067b33e.pdf, pages 1–3
- 2026 Management Information Circular
DPM Metals Inc. · Published 2026-04-02 · Accessed 2026-10-31
Issuer repeats 39,634,636 aggregate from October 2025 Helikon report without distinguishing the CFD portion.
General Information, Owners of 10% or More of Our Common Shares; footnote 1
Disclosed activity
Insider transactions
Trading activity0 buys · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2025-01-01to 2025-12-31 | R. Peter Gillin
Details & evidence for R. Peter Gillin on 2025-01-01Financial-year aggregate; the circular does not give individual exercise dates or an account. As disclosed: 10,000 options exercised; exercise price $4.44
2026 Management Information Circular and Notice of AGM ↗ 2026 Management Information Circular and Notice of AGM ↗ | Exerciseoptions over common shares | 10,000 | — | CAD 4.44Disclosed price | — |
| 2025-01-01to 2025-12-31 | Marie-Anne Tawil
Details & evidence for Marie-Anne Tawil on 2025-01-01Financial-year aggregate; the circular does not give individual exercise dates or an account. As disclosed: 10,000 options exercised; exercise price $4.44
2026 Management Information Circular and Notice of AGM ↗ 2026 Management Information Circular and Notice of AGM ↗ | Exerciseoptions over common shares | 10,000 | — | CAD 4.44Disclosed price | — |
| 2025-01-01to 2025-12-31 | Juanita Montalvo
Details & evidence for Juanita Montalvo on 2025-01-01Financial-year aggregate; the circular does not give individual exercise dates or an account. As disclosed: 10,000 options exercised; exercise price $4.44
2026 Management Information Circular and Notice of AGM ↗ 2026 Management Information Circular and Notice of AGM ↗ | Exerciseoptions over common shares | 10,000 | — | CAD 4.44Disclosed price | — |
The closest covered peers
Peer comparison
Peer comparison pending
No peer comparison has been saved for this company.
An on-demand analysis selects up to five closest peers and checks what their differences mean for independent fair value.
Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory12 documents
Latest eligible local DPM.AX closeMarket Data · HighExtracted
Latest eligible local raw ASX close A$59.360001; 6876 volume; market data provider through miners.collect_stock_prices. Date is historical reference, not a live October24 quote.
- Document ID
- local-price
- Published UTC
- 2026-10-13T06:00:00+00:00
- Projects
- —
- Commodities
- —
Stored RBA AUD/USD observationMarket Data · HighExtracted
Stored RBA AUD/USD observation; reviewed directly. Published timestamp unavailable; date-only observation encoded at 08:00 UTC, not a verified release time. Exact release time not supplied in reviewed page metadata; timestamp is a date-only placeholder, not verified intraday event time.
- Document ID
- local-fx
- Published UTC
- 2026-10-10T08:00:00+00:00
- Projects
- —
- Commodities
- —
Third Quarter 2026 preliminary productionOperations · HighPartial
Reviewed valuation-material sections using the cached physical page numbering; omitted cover, boilerplate and unrelated historical detail. Third Quarter 2026 preliminary production. Exact release time not supplied in reviewed page metadata; timestamp is a date-only placeholder, not verified intraday event time.
- Document ID
- dpm_q3_prelim
- Published UTC
- 2026-10-08T08:00:00+00:00
- Projects
- —
- Commodities
- gold · silver · copper · zinc · lead
Constitutional Court of Bosnia and Herzegovina DecisionPermitting · HighPartial
Reviewed valuation-material sections using the cached physical page numbering; omitted cover, boilerplate and unrelated historical detail. Constitutional Court of Bosnia and Herzegovina Decision. Exact release time not supplied in reviewed page metadata; timestamp is a date-only placeholder, not verified intraday event time.
- Document ID
- dpm_court
- Published UTC
- 2026-10-01T08:00:00+00:00
- Projects
- —
- Commodities
- gold · silver · copper · zinc · lead
Gold Forum Americas 2026 presentationPresentation · HighPartial
Reviewed valuation-material sections using the cached physical page numbering; omitted cover, boilerplate and unrelated historical detail. Gold Forum Americas 2026 presentation. Exact release time not supplied in reviewed page metadata; timestamp is a date-only placeholder, not verified intraday event time.
- Document ID
- dpm_presentation
- Published UTC
- 2026-09-28T08:00:00+00:00
- Projects
- —
- Commodities
- gold · silver · copper · zinc · lead
Peter Brady appointmentLeadership · MediumPartial
Reviewed valuation-material sections using the cached physical page numbering; omitted cover, boilerplate and unrelated historical detail. Peter Brady appointment. Exact release time not supplied in reviewed page metadata; timestamp is a date-only placeholder, not verified intraday event time.
- Document ID
- dpm_brady
- Published UTC
- 2026-09-23T08:00:00+00:00
- Projects
- —
- Commodities
- gold · silver · copper · zinc · lead
Second Quarter 2026 ReportResults · HighPartial
Reviewed valuation-material sections using the cached physical page numbering; omitted cover, boilerplate and unrelated historical detail. Second Quarter 2026 Report. Exact release time not supplied in reviewed page metadata; timestamp is a date-only placeholder, not verified intraday event time.
- Document ID
- dpm_q2_2026
- Published UTC
- 2026-07-31T08:00:00+00:00
- Projects
- —
- Commodities
- gold · silver · copper · zinc · lead
Q1 2026 preliminary productionOperations · HighPartial
Reviewed valuation-material sections using the cached physical page numbering; omitted cover, boilerplate and unrelated historical detail. Q1 2026 preliminary production.
- Document ID
- dpm_q1_prelim
- Published UTC
- 2026-04-09T00:31:12Z
- Projects
- —
- Commodities
- gold · silver · copper · zinc · lead
2025 Annual ReportResults · HighPartial
Reviewed valuation-material sections using the cached physical page numbering; omitted cover, boilerplate and unrelated historical detail. 2025 Annual Report.
- Document ID
- dpm_annual_2025
- Published UTC
- 2026-04-06T22:40:43Z
- Projects
- —
- Commodities
- gold · silver · copper · zinc · lead
2025 Annual Information FormResource Update · HighPartial
Reviewed valuation-material sections using the cached physical page numbering; omitted cover, boilerplate and unrelated historical detail. 2025 Annual Information Form. Exact release time not supplied in reviewed page metadata; timestamp is a date-only placeholder, not verified intraday event time.
- Document ID
- dpm_aif_2025
- Published UTC
- 2026-03-25T08:00:00+00:00
- Projects
- —
- Commodities
- gold · silver · copper · zinc · lead
Chelopech updated reserves, resources and life of mine planReserve Update · HighPartial
Reviewed valuation-material sections using the cached physical page numbering; omitted cover, boilerplate and unrelated historical detail. Chelopech updated reserves, resources and life of mine plan. Exact release time not supplied in reviewed page metadata; timestamp is a date-only placeholder, not verified intraday event time.
- Document ID
- dpm_chelopech_mrmr
- Published UTC
- 2026-02-05T08:00:00+00:00
- Projects
- —
- Commodities
- gold · silver · copper · zinc · lead
ASX CDI commencement announcementCorporate Action · HighExtracted
ASX CDI commencement announcement; reviewed directly. Published timestamp unavailable; date-only observation encoded at 08:00 UTC, not a verified release time. Exact release time not supplied in reviewed page metadata; timestamp is a date-only placeholder, not verified intraday event time.
- Document ID
- cdi-basis
- Published UTC
- 2025-09-18T08:00:00+00:00
- Projects
- —
- Commodities
- —
Evidence facts134
41000 oz
2026-09-30887000 oz
2026-09-30Processing completed July 2026; rehabilitation only text
2026-10-137340000 t
2025-01-176.44 g/t
2025-01-171520000 oz
2025-01-17530000 t
2025-01-173.94 g/t
2025-01-1767000 oz
2025-01-1790000 t
2025-01-173.6 g/t
2025-01-1711000 oz
2025-01-1778000 oz
2025-01-17782000000 USD
2026-01-0936 %
2026-01-09448000000 USD
2026-01-09644 USD/oz
2026-01-095 %
2026-01-091900 USD/oz
2026-01-09134000 oz
2026-01-09620000 t
2025-01-173.8906451612903226 g/t
2025-01-1785.8974358974359 %
2025-01-17761209000 USD
2026-06-300 USD
2026-06-30400000000 USD
2026-06-302875122000 USD
2026-06-30219368650 shares
2026-07-30220246261 shares
2026-07-30671907000 USD
2026-06-30471342000 USD
2026-06-30395958000 USD
2026-06-30425552000 USD
2026-06-3075417000 USD
2026-06-301174 USD/oz AuEq
2026-06-30549114 t
2026-06-303.03 g/t
2026-06-3079.7 %
2026-06-30563 USD/oz AuEq
2026-06-30117250 t
2026-06-30294.95 g/t
2026-06-3093.9 %
2026-06-3010 years
2026-01-09DFS text
2026-01-0934994000 USD
2026-06-3014800000 USD
2026-06-3012422000 USD
2025-12-31950481000 USD
2025-12-31369226000 USD
2025-12-31491562000 USD
2025-12-31104364000 USD
2025-12-31100 %
2026-10-13100 %
2026-10-13100 %
2026-10-13100 %
2026-10-13100 %
2026-10-13100 %
2026-10-13100 %
2026-10-13100 %
2014-03-31100 %
2026-10-13174434 oz
2025-12-31533376 oz
2025-12-319500000 t
2025-04-01228 g/t
2025-04-0169638000 oz
2025-04-013800000 t
2025-04-01193.02 g/t
2025-04-0123423000 oz
2025-04-01700000 t
2025-04-01125.73 g/t
2025-04-012921000 oz
2025-04-0126344000 oz
2025-04-0184400000 t
2025-10-230.97 g/t
2025-10-232621000 oz
2025-10-232621000 oz
2025-10-2312600000 t
2023-09-294.7 g/t
2023-09-291904000 oz
2023-09-2922700000 t
2022-03-311.15 g/t
2022-03-31836000 oz
2022-03-316000000 t
2023-09-292.9 g/t
2023-09-29563000 oz
2023-09-2923000000 t
2022-03-310.94 g/t
2022-03-31693000 oz
2022-03-314500000 t
2025-04-01182.55266666666665 g/t
2025-04-0188.91208624354692 %
2025-04-0184400000 t
2025-10-230.97 g/t
2025-10-230.0 %
2025-10-238200000 t
2023-09-292.8034146341463413 g/t
2023-09-29745000.0 oz
2023-09-2975.57046979865771 %
2023-09-2924100000 t
2022-03-310.9336099585062241 g/t
2022-03-31722000.0 oz
2022-03-3195.98337950138504 %
2022-03-311100000 t
2022-03-310.8 g/t
2022-03-3129000 oz
2022-03-312200000 t
2023-09-292.54 g/t
2023-09-29182000 oz
2023-09-29459000000 t
2014-03-310.2 g/t
2014-03-313000000 oz
2014-03-3188000000 t
2014-03-310.3 g/t
2014-03-31800000 oz
2014-03-31547000000 t
2014-03-310.21608775137111516 g/t
2014-03-313800000.0 oz
2014-03-310.0 %
2014-03-3123209000 t
2025-05-312.18 g/t
2025-05-311628000 oz
2025-05-3115300000 t
2025-05-312.18 g/t
2025-05-311072000 oz
2025-05-319100000 t
2025-05-311.96 g/t
2025-05-31573000 oz
2025-05-311645000 oz
2025-05-3124400000 t
2025-05-312.097950819672131 g/t
2025-05-3165.16717325227962 %
2025-05-3159.360001 AUD/share
2026-10-130.6941 USD/AUD
2026-10-101 common_share/CDI
2025-09-18Conflicts requiring judgment3
- Vares resources and Ada Tepe inventory
Use AIF exclusive Vares resources rather than presentation inclusive resources. Treat Ada July final-processing update as superseding presentation historical inventory. Neither historical Ada reserves nor inclusive Vares resource is added twice.
- Chelopech M&I resource grade
Select consistent detailed resource tables of 2.18g/t Au and 0.64% Cu; headline prose quotes inferred grades 1.96/0.57 as M&I. Detailed table controls.
- Loma Larga inferred resource
None