DPM Metals Reports Third Quarter 2026 Financial Results; Expects to Achieve Higher-End of 2026 Production Guidance

TORONTO, Nov. 12, 2026 (GLOBE NEWSWIRE) -- DPM Metals Inc. (TSX: DPM, ASX: DPM) (ARBN: 689370894) (“DPM” or the “Company”) announced its operating and financial results for the third quarter and first nine months of the year ended September 30, 2026.

(Unless otherwise stated, all monetary figures in this news release are expressed in U.S. dollars.) * On-track to meet guidance: Produced 95,917 and 282,649 gold equivalent ounces (“GEO”)(1) in the third quarter and first nine months of 2026. DPM is on-track to achieve the higher end of its 2026 production guidance. * All-in sustaining cost: Reported cost of sales per GEO sold of $1,203 and $1,193, and all-in sustaining cost per GEO sold(2) of $1,580 and $1,472 in the third quarter and first nine months of 2026, respectively. DPM reconfirmed its 2026 guidance for all-in sustaining cost of $1,300 to $1,450 per GEO sold. * Robust free cash flow generation: Generated $179 million of free cash flow(2) and $191 million of cash provided from operating activities in the third quarter. * Strong earnings: Reported third quarter adjusted net earnings(2) of $144 million ($0.66 per share(1)) and net earnings of $134 million ($0.61 per share). * Vareš ramp-up to full production on-track: Vareš is expected to exceed the high end of its production guidance and is on track to achieve the ramp-up to full production by year-end. * Near-term growth potential at Chelopech: DPM expects to complete an initial Mineral Resource estimate for the Wedge Zone target by year-end 2026, and has commenced preparatory works for the ramp and twin declines that will provide access to the target. * Brevene Porphyry South prospect expands: Recent drilling confirmed that the high-grade porphyry system extends onto the Chelopech mine concession, and remains open to the north, south, west and at depth. DPM is targeting an initial resource estimate in the second half of 2027, which will form the basis of a preliminary economic assessment ("PEA") planned for the first half of 2028. * Dumitru Potok advancing to a PEA: An updated Dumitru Potok Mineral Resource estimate is expected to be completed by the end of the first quarter of 2027, and a PEA is targeted to be complete by the end of 2027. * Čoka Rakita project: Following the October 25, 2026 parliamentary election in the Republic of Serbia, the Company notes that administrative and regulatory decision-making timelines may be extended as the new government is formed and the National Assembly is convened. DPM is continuing to advance engineering and procurement activities for the project. * Substantial liquidity for growth: Ended the quarter with a total of $839 million in cash and cash equivalents and an undrawn revolving $400 million credit facility with accordion feature to $550 million. * Continued capital discipline: Returned $172 million to shareholders during the first nine months of 2026 through dividends paid and shares repurchased, including $81 million in the third quarter (45% of free cash flow). As of November 11, 2026, year-to-date share repurchases totalled $198 million. ___________________ (1) The Company uses conversion ratios for calculating GEO for its silver, copper, zinc and lead production and sales, which are calculated by multiplying the volumes of metals produced or sold, as applicable, by the respective average market metal prices, and dividing the resulting figure by the average market gold price. The GEO calculated also includes minor quantities of other metals that are not considered material.