DPM Metals Reports Record Third Quarter 2025 Financial Results; Vareš Positioned for Significant Value Creation
DPM Metals Reports Record Third Quarter 2025 Financial Results;
Vareš Positioned for Significant Value Creation
Toronto, Ontario, November 13, 2025 – 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 ended September 30, 2025.
Highlights
(Unless otherwise stated, all monetary figures in this news release are expressed in U.S. dollars, and all operational and financial
information contained in this news release is related to continuing operations.)
• Record free cash flow generation: Generated $147.7 million of free cash flow 1 and $184.5 million of
cash provided from operating activities of continuing operations in the third quarter.
• Record adjusted net earnings per share: Reported third quarter adjusted net earnings1 of $129.2
million ( $0.73 per share 1) and net earnings from continuing operations of $96.0 million ( $0.54 per
share).
• Vareš integration: On September 3, 2025, DPM completed the acquisition of Adriatic Metals plc
(“Adriatic”), integrating the Vareš operation into its portfolio. Integration activities have progressed well,
and DPM continues to advance its priorities for Vareš with a focus on achieving an 850,000 tonne per
year operating rate by year-end 2026. Vareš production in 2026 is now expected to be better than
previously anticipated, with higher ore processed and higher gold and silver grades.
• Adding value through exploration: Drilling at the Rakita camp continues to advance, and DPM
expects to report initial Inferred Mineral Resource estimate s by year-end 2025 for the Dumitru Potok,
Rakita North and Frasen prospects , all of which are located within proximity of planned Čoka Rakita
project infrastructure.
• Advancing growth pipeline: Čoka Rakita feasibility study (“FS”) is on-track for completion at year-end
2025. Based on an updated permitting timeline, mine construction is expected to commence in early
2027, with early works planned for the second half of 2026. First concentrate production is anticipated
in the first half of 2029.
• Substantial liquidity for growth: Ended the quarter with a total of $413.6 million in cash and cash
equivalents and an undrawn $150.0 million revolving credit facility.
• On-track to meet 2025 guidance: With strong production of 63,638 ounces of gold and 7.8 million
pounds of copper during the third quarter, and 174,713 ounces of gold and 20.1 million pounds of
copper during the first nine months of 2025, DPM is well-positioned to meet its production guidance.
• Generating robust margins: Reported cost of sales per ounce of gold sold 2 of $1,329 and an all-in
sustaining cost per ounce of gold sold 1,2 of $1,136 for the first nine months of the year, compared to an
average realized gold price of $3,351 per ounce. DPM reconfirmed its 2025 guidance for all-in
sustaining cost of $780 to $900 per ounce of gold sold, subject to dynamics such as the mark-to-
market impact of DPM's share price, as well as metal prices and foreign exchange movements relative
to guidance assumptions.
p.1 DPM Metals Reports Record Third Quarter 2025 Financial Results
1 Free cash flow, adjusted net earnings, adjusted basic earnings per share and all-in sustaining cost per ounce of gold sold are non-GAAP financial measures or ratios. These
measures have no standardized meanings under IFRS Accounting Standards (“IFRS”) and may not be comparable to similar measures presented by other companies. Refer
to the “Non-GAAP Financial Measures” section commencing on page 15 of this news release for more information, including reconciliations to IFRS measures.
2 Cost of sales per ounce of gold sold represents total cost of sales for Chelopech and Ada Tepe, divided by total payable gold in concentrates sold, while all-in sustaining cost
per ounce of gold sold includes treatment and freight charges, net of by-product credits, all of which are reflected in revenue. These measures did not include Vareš results.
News Release
CEO Commentary
David Rae, President and Chief Executive Officer, made the following comments in relation to the third
quarter results:
“We achieved record financial results during the third quarter, demonstrating the quality of our assets, our
low cost structure and the benefit of higher metal prices. We generated $148 million of free cash flow,
further strengthening our financial capacity to fund growth, and ended the quarter with over $400 million
of cash on our balance sheet.
“We are making excellent progress integrating Vareš into our operating portfolio, and now expect higher
production than previously anticipated in 2026 . As we advance our priorities to achieve full production at
Vareš by the end of 2026, we continue to be excited by the growth potential of this high-quality asset.
“We are confident in the overall progress we are making on the Čoka Rakita project, and the continued
impressive results from our exploration activities are clearly demonstrating the existence of a large
copper-gold system. We are targeting resource estimates for the Dumitru Potok, Rakita North and Frasen
targets by year-end.”
Use of non-GAAP Financial Measures
Certain financial measures referred to in this news release are not measures recognized under IFRS and
are referred to as non-GAAP financial measures or ratios. These measures have no standardized
meanings under IFRS and may not be comparable to similar measures presented by other companies.
The definitions established and calculations performed by DPM are based on management’s reasonable
judgment and are consistently applied. These measures are intended to provide additional information
and should not be considered in isolation or as a substitute for measures prepared in accordance with
IFRS. Non-GAAP financial measures and ratios, together with other financial measures calculated in
accordance with IFRS, are considered to be important factors that assist investors in assessing the
Company’s performance.
The Company uses the following non-GAAP financial measures and ratios in this news release:
• mine cash cost
• cash cost per tonne of ore processed
• mine cash cost of sales
• cash cost per ounce of gold sold
• all-in sustaining cost
• all-in sustaining cost per ounce of gold sold
• adjusted earnings (loss) before interest, taxes, depreciation and amortization (“adjusted EBITDA”)
• adjusted net earnings (loss)
• adjusted basic earnings (loss) per share
• cash provided from operating activities, before changes in working capital
• free cash flow
• average realized metal prices
For a detailed description of each of the non-GAAP financial measures and ratios used in this news
release and a detailed reconciliation to the most directly comparable measure under IFRS, please refer to
the “Non-GAAP Financial Measures” section commencing on page 15 of this news release.
p.2 DPM Metals Reports Record Third Quarter 2025 Financial Results
Key Operating and Financial Highlights from Continuing Operations
$ millions, except where noted Three Months Nine Months
Ended September 30, 2025 2024 Change 2025 2024 Change
Operating Highlights(1)
Ore processed t 780,924 711,090 10% 2,192,046 2,167,831 1%
Metals contained in concentrates produced:
Gold
Chelopech oz 44,275 43,899 1% 128,720 125,128 3%
Ada Tepe oz 19,363 16,246 19% 45,993 65,388 (30%)
Total gold in concentrates produced oz 63,638 60,145 6% 174,713 190,516 (8%)
Copper Klbs 7,772 7,318 6% 20,116 21,890 (8%)
Payable metals in concentrates sold:
Gold
Chelopech oz 39,627 37,725 5% 110,382 105,142 5%
Ada Tepe oz 18,285 15,503 18% 45,196 64,121 (30%)
Total payable gold in concentrates sold oz 57,912 53,228 9% 155,578 169,263 (8%)
Copper Klbs 6,820 6,484 5% 17,187 18,410 (7%)
Cost of sales per ounce of gold sold(2):
Chelopech $/oz 1,130 1,069 6% 1,113 1,085 3%
Ada Tepe $/oz 1,761 1,742 1% 1,855 1,259 47%
Consolidated $/oz 1,329 1,265 5% 1,329 1,151 15%
All-in sustaining cost per ounce of gold
sold(3):
Chelopech $/oz 671 638 5% 675 659 2%
Ada Tepe $/oz 1,030 1,171 (12%) 1,159 767 51%
Consolidated $/oz 1,168 1,005 16% 1,136 859 32%
Capital expenditures incurred(4):
Sustaining(5) 8.6 10.8 (21%) 22.1 24.4 (9%)
Growth and other(6) 9.6 3.2 204% 37.6 15.1 149%
Total capital expenditures 18.2 14.0 30% 59.7 39.5 51%
Financial Highlights(1)
Average realized prices(3):
Gold $/oz 3,635 2,548 43% 3,351 2,347 43%
Copper $/lb 4.49 4.24 6% 4.41 4.25 4%
Revenue 267.4 147.3 82% 598.0 427.9 40%
Cost of sales 113.9 67.3 69% 243.6 194.8 25%
Earnings before income taxes 108.3 55.3 96% 238.9 181.8 31%
Adjusted EBITDA(3) 165.7 68.5 142% 355.0 216.1 64%
Net earnings 96.0 46.2 108% 211.9 156.5 35%
Basic earnings per share $/sh 0.54 0.26 108% 1.23 0.87 41%
Adjusted net earnings(3) 129.2 46.2 180% 272.2 149.6 82%
Adjusted basic earnings per share(3) $/sh 0.73 0.26 181% 1.57 0.83 89%
Cash provided from operating activities(7) 184.5 52.5 252% 339.0 214.1 58%
Free cash flow(3) 147.7 70.9 108% 321.4 213.4 51%
(1) Operating highlights for the third quarter and first nine months of 2025 did not include the operating results of Vareš. For a more detailed
discussion on the operating results of Vareš, refer to the “Review of Operating Results by Segment – Review of Vareš Results” section of the
Management’s Discussion and Analysis (“MD&A”). In the meantime, financial highlights for the third quarter and first nine months of 2025
included the pre-commercial production financial results of Vareš during the period from September 3 to September 30, 2025, in compliance with
IFRS, with the exception of average realized metal price, which is a non-GAAP measure and its exclusion of Vareš was consistent with the
operating highlights above.
(2) Cost of sales per ounce of gold sold represents total cost of sales for Chelopech and Ada Tepe, divided by total payable gold in concentrates
sold.
(3) All-in sustaining cost per ounce of gold sold, average realized metal prices, adjusted EBITDA, adjusted net earnings, adjusted basic earnings per
share, and free cash flow are non-GAAP financial measures or ratios. Refer to the “Non-GAAP Financial Measures” section commencing on page
15 of this news release for more information, including reconciliations to IFRS measures.
p.3 DPM Metals Reports Record Third Quarter 2025 Financial Results
(4) Capital expenditures incurred are reported on an accrual basis and do not represent the cash outlays for capital expenditures.
(5) Sustaining capital expenditures are generally defined as expenditures that support the ongoing operation of the asset or business without any
associated increase in capacity, life of assets or future earnings. This measure is used by management and investors to assess the extent of non-
discretionary capital spending being incurred by the Company each period.
(6) Growth capital expenditures are generally defined as capital expenditures that expand existing capacity, increase life of assets and/or increase
future earnings. This measure is used by management and investors to assess the extent of discretionary capital spending being undertaken by
the Company each period.
(7) Excludes cash provided from operating activities of discontinued operations of $nil (2024 – cash used in operating activities of discontinued
operations of $99.6 million) and $167.9 million (2024 – cash used in operating activities of discontinued operations of $91.1 million), respectively,
during the third quarter and first nine months of 2025.
Performance Highlights
A table comparing production, sales and cash cost measures by asset for the third quarter and first nine months ended September
30, 2025 against 2025 guidance is located on page 11 of this news release.
In the third quarter and first nine months of 2025, the Company’s Chelopech and Ada Tepe operations
delivered gold production in line with expectations, and both mines are on track to achieve 2025
production guidance.
Highlights include the following:
Chelopech, Bulgaria: Gold contained in concentrates produced in the third quarter of 2025 was
comparable to 2024. Gold contained in concentrates produced in the first nine months of 2025 was higher
than 2024 due primarily to higher volumes of ore processed and higher gold grades, partially offset by
lower gold recoveries, in line with the mine plan.
Copper production in the third quarter of 2025 was higher than 2024 due primarily to higher volumes of
ore processed and higher copper grades, partially offset by lower copper recoveries. Copper production in
the first nine months of 2025 was lower than 2024 due primarily to lower copper grades and recoveries, in
line with the mine plan.
Payable gold in concentrates sold in the third quarter of 2025 was higher than 2024 due primarily to
timing of shipments . Payable gold in concentrates sold in the first nine months of 2025 was higher than
2024 due primarily to higher gold production and favourable payable gold terms.
Payable copper in concentrate sold in the third quarter and first nine months of 2025 was consistent with
the copper production compared to 2024.
All-in sustaining cost per ounce of gold sold in the third quarter of 2025 was higher than 2024 due
primarily to a stronger Euro relative to the U.S. dollar, higher labour costs, higher royalties, partially offset
by higher by-product credits reflecting higher volumes and realized prices of copper sold, and higher
volumes of gold sold, as well as higher cash outlays for sustaining capital expenditures. All-in sustaining
cost per ounce of gold sold in the first nine months of 2025 was higher than 2024 due primarily to a
stronger Euro relative to the U.S. dollar, higher labour costs and higher royalties, partially offset by lower
freight charges and higher volumes of gold sold.
Ada Tepe, Bulgaria: Gold contained in concentrate produced in the third quarter of 2025 was higher than
2024 due primarily to higher volumes of ore processed and higher gold grades. Gold contained in
concentrate produced in the first nine months of 2025 was lower than 2024 due primarily to mining in
lower grade zones, as well as lower volumes of ore processed and lower gold recoveries, in line with the
mine plan.
p.4 DPM Metals Reports Record Third Quarter 2025 Financial Results
Payable gold in concentrate sold in the third quarter and first nine months of 2025 was consistent with the
gold production compared to 2024.
All-in sustaining cost per ounce of gold sold in the third quarter of 2025 was lower than 2024 due primarily
to the higher volumes of gold sold, partially offset by a stronger Euro relative to the U.S. dollar and higher
royalties. All-in sustaining cost per ounce of gold sold in the first nine months of 2025 was higher than
2024 due primarily to lower volumes of gold sold, higher labour costs, a stronger Euro relative to the U.S.
dollar, as well as higher cash outlays for sustaining capital expenditures in the first nine months of the
year, partially offset by lower royalties.
Consolidated Operating Highlights
Operating highlights discussed below exclude the operating results of Vareš, except for cost of sales.
Production: Gold contained in concentrates produced in the third quarter of 2025 was 6% higher than
2024, due primarily to higher volumes of ore processed at Chelopech and Ada Tepe, as well as higher
gold grades at Ada Tepe. Gold contained in concentrates produced in the first nine months of 2025 was
8% lower than 2024, due primarily to lower gold grades and recoveries at Ada Tepe during the first six
months of the year.
Copper production in the third quarter of 2025 was 6% higher than 2024 due primarily to higher volumes
of ore processed and higher copper grades, partially offset by lower copper recoveries. Copper
production in the first nine months of 2025 was 8% lower than 2024 due primarily to lower copper grades
and recoveries, in line with the mine plan.
Deliveries: Payable gold in concentrates sold in the third quarter and first nine months of 2025 was 9%
higher and 8% lower than 2024, respectively, primarily reflecting gold production.
Payable copper in concentrate sold in the third quarter and first nine months of 2025 was 5% higher and
7% lower than 2024, respectively, primarily reflecting copper production.
Cost measures: Cost of sales in the third quarter and first nine months of 2025 was 69% and 25% higher
than 2024, respectively, due primarily to higher labour costs, a non-cash fair value adjustment on
inventories of $25.5 million recognized in cost of sales at Vareš, following the acquisition of Adriatic,
higher depreciation expense and a stronger Euro relative to the U.S. dollar.
All-in sustaining cost per ounce of gold sold in the third quarter of 2025 was 16% higher than 2024 due
primarily to higher mark-to-market adjustments to share-based compensation expenses reflecting DPM’s
strong share price performance, and a stronger Euro relative to the U.S. dollar, partially offset by higher
volumes of gold sold, and higher by-product credits reflecting higher volumes and realized prices of
copper sold. All-in sustaining cost per ounce of gold sold in the first nine months of 2025 was 32% higher
than 2024 due primarily to higher mark-to-market adjustments to share-based compensation expenses,
lower volumes of gold sold, and a stronger Euro relative to the U.S. dollar, partially offset by lower freight
charges.
Mark-to-market adjustments to share-based compensation expenses resulted in an increase of $281 and
$193 per ounce of gold sold, respectively, in the third quarter and first nine months of 2025, compared to
an increase of $79 and $43 per ounce of gold sold in 2024.
p.5 DPM Metals Reports Record Third Quarter 2025 Financial Results
Capital expenditures: Sustaining capital expenditures incurred in the third quarter of 2025 were 21%
lower than 2024, due primarily to lower expenditures at Chelopech, as expected, and lower deferred
stripping costs as a result of lower stripping ratios at Ada Tepe. Sustaining capital expenditures incurred in
the first nine months of 2025 were 9% lower than 2024 due primarily to lower expenditures at Chelopech,
as expected, partially offset by higher deferred stripping costs as a result of higher stripping ratios at Ada
Tepe, in line with the mine plan.
Growth and other capital expenditures incurred in the third quarter and first nine months of 2025 were
204% and 149% higher than 2024, respectively, due primarily to costs related to the Čoka Rakita project
being capitalized from 2025 as a result of the project’s advancement to the FS stage.
Consolidated Financial Highlights
The Company reported record financial results for the third quarter and first nine months of 2025,
including record revenue, earnings and free cash flow. Financial results in the third quarter and first nine
months of 2025 continued to reflect higher realized metal prices, partially offset by lower volumes of gold
sold at Ada Tepe . Financial results in the third quarter and first nine months of 2025 also reflected the
inclusion of Vareš for the period of September 3 to September 30, 2025.
Revenue: Revenue in the third quarter of 2025 was 82% higher than 2024 due primarily to higher
realized metal prices and higher volumes of gold sold. Revenue in the first nine months of 2025 was 40%
higher than 2024, due primarily to higher realized metal prices , partially offset by lower volumes of gold
sold at Ada Tepe. Revenue in the third quarter and first nine months of 2025 also benefited from the post-
acquisition revenue from Vareš.
Net earnings: Net earnings from continuing operations in the third quarter of 2025 were 108% higher
than 2024, due primarily to higher revenue, partially offset by higher employee costs reflecting primarily
higher mark-to-market adjustments to share-based compensation expenses, higher cost of sales and
Adriatic acquisition related costs of $10.3 million. Net earnings from continuing operations in the first nine
months of 2025 were 35% higher than 2024, due primarily to the same factors affecting the quarter,
partially offset by the 2025 Bulgarian levy of $24.4 million and Adriatic acquisition related costs of $15.4
million.
Adjusted net earnings: Adjusted net earnings from continuing operations in the third quarter and first
nine months of 2025 was 180% and 82% higher than 2024, respectively, due primarily to the same factors
affecting net earnings from continuing operations, with the exception of adjusting items primarily related to
the 2025 Bulgarian levy, Adriatic acquisition related costs and the non-cash fair value adjustment on
inventories at Vareš, as well as a net termination fee received from Osino Resources Corp. (“Osino”) in
2024.
Cash provided from operating activities: Cash provided from operating activities of continuing
operations in the third quarter and first nine months of 2025 was 252% and 58% higher than 2024,
respectively, due primarily to the timing of deliveries and subsequent receipt of cash, and higher earnings
generated in the periods, partially offset by the timing of payments to suppliers, the first two instalment
payments of the 2025 Bulgarian levy and higher income taxes paid.
Free cash flow: Free cash flow from continuing operations in the third quarter and first nine months of
2025 was 108% and 51% higher than 2024, respectively, due primarily to higher adjusted net earnings
generated in the periods, partially offset by the payments of the 2025 Bulgarian levy. Free cash flow is
calculated before changes in working capital.
p.6 DPM Metals Reports Record Third Quarter 2025 Financial Results
Vareš Update
On September 3, 2025, DPM completed the acquisition of Adriatic, integrating the Vareš operation into its
portfolio. Integration activities have progressed well, and DPM continues to advance its priorities for Vareš
with a focus on achieving an 850,000 tonne per year operating rate by year-end 2026. Vareš production in
2026 is now expected to be better than previously anticipated, with higher ore processed and higher gold
and silver grades, as compared to the Vareš Technical Report. See the section of the news release
entitled "2025 Guidance and Three-Year Outlook" for further details.
Upon closing of the acquisition, the integration team immediately started introducing DPM’s health and
safety practices as a first priority, as well as transforming local personnel training programs and
stakeholder engagement activities. These initial steps are integral to the Company’s priorities of driving
the decline to the bottom of the orebody and progressing the construction of the paste backfill plant in
2026.
DPM continues to expect minimal production at Vareš over the balance of 2025, consistent with the
technical report “Amended and Restated NI 43-101 Technical Report on the Vareš Mine, Bosnia and
Herzegovina” dated June 9, 2025, available on SEDAR+ at www.sedarplus.ca and the Company’s
website at www.dpmmetals.com.
Development Projects Update
Čoka Rakita, Serbia
The Company continues to advance the Čoka Rakita project. The FS is advancing as planned and is
expected to be completed by year-end 2025. All surface and underground geotechnical and
hydrogeological drilling has been completed. Advancing the design to the basic engineering level, the
project execution readiness, and commencing operational readiness activities are all proceeding as
planned.
Most of the baseline studies required for the ESIA have been completed, and permitting activities are
progressing, with DPM maintaining close and proactive engagement with the relevant authorities. The
Certificate of Resources and Reserves has been approved by the technical committee, and once issued,
the Company expects the Special Purpose Spatial Plan to be initiated. Based on an updated permitting
timeline for the project, mine construction is expected to commence in early 2027, with preparatory and
early works planned for the second half of 2026. First concentrate production is anticipated in the first half
of 2029.
The Company remains confident in the project’s overall progress, with key technical workstreams
advancing as planned and proactive stakeholder engagement continuing to support progress towards
receipt of the necessary approvals and the timely advancement of development activities, and will
continue to look for opportunities to accelerate the schedule. Management is monitoring permitting
timelines closely and implementing mitigation measures to maintain readiness for construction.
The Company has planned to spend $40 million to $45 million of growth capital expenditures for the Čoka
Rakita project in 2025, with $25.1 million incurred in the first nine months of the year.
p.7 DPM Metals Reports Record Third Quarter 2025 Financial Results
Loma Larga, Ecuador
The environmental licence for the Loma Larga project was issued during the second quarter of 2025. This
was the result of a rigorous process by the government of Ecuador to ensure high Ecuadorian standards
are applied in the development of Loma Larga. DPM is confident that the environmental management
plan and robust environment protection measures in place for Loma Larga are in compliance with those
standards and reflect DPM’s proven development practices and adoption of international standards and
best practices which meet or exceed national standards.
In October 2025, the Company received notification from the Ministry of Environment and Energy
(“MoEE”) that it revoked the environmental licence. DPM is considering all its options to preserve value
and optionality for shareholders, including evaluation of all legal avenues.
In September 2025, the Company released the results of a FS, which included updated metal prices
assumptions and revised capital and operating cost estimates, and filed a technical report for the project
in October 2025. For more information regarding the results of the FS, refer to the “Technical Report
Feasibility Study Update, Loma Larga Project, Azuay Province, Ecuador” dated October 29, 2025, which
has been filed on SEDAR+ at www.sedarplus.ca and is available on the Company’s website at
www.dpmmetals.com.
The Company’s guidance for growth capital expenditures related to the Loma Larga project in 2025 is
expected to remain at the original guidance of $12 million to $14 million . DPM is planning to minimize
spending at the Loma Larga project until the issue with the environmental licence is resolved . The
Company has incurred $10.9 million in the first nine months of the year.
Exploration
Rakita Camp, Serbia
Exploration activities in Serbia during the third quarter continued to focus on the Čoka Rakita and Potaj
Čuka licences, including scout drilling campaigns at the Dumitru Potok, Frasen, Valja Saka and various
Potaj Čuka targets, completing 17,661 metres of drilling during the third quarter of 2025 and 46,864
metres year-to-date. DPM expects to report three initial Inferred Mineral Resource estimates by year-end
2025 for the Dumitru Potok, Rakita North and Frasen prospects.
At Dumitru Potok, delineation drilling continued to further outline high-grade copper-gold-silver skarn
mineralization along both sides of an associated fertile intrusion. Results included an intercept of 131.6
metres grading 3.93% CuEq, comprised of 1.53% Cu, 2.41 g/t Au and 12 g/t Ag from 1,126 metres and 76
metres at 2.47% CuEq, comprised of 1.01% Cu, 1.43 g/t Au and 10.37 g/t Ag from 1,277 metres
downhole at hole DPDD032. This represents one of the most significant intercepts at Dumitru Potok to
date and displays more than 250 metres of continuous skarn alteration and mineralization downhole. On
the western side of the intrusion, the widest extent of the mineralization was extended by approximately
200 metres to the south. Drilling to date has outlined approximately 600 metres of strike length of high
grade contact skarn mineralization.
Drilling continues to confirm the presence of shallow porphyry gold-copper mineralization in the Frasen
area. This is a relatively narrow zone of 200 metres by 400 metres in horizontal extent with a vertical
extent of at least 400 metres from surface. Results from the recent drilling showed much higher gold
content compared to copper in the porphyry zone, and the presence of gold mineralization in skarn
altered clastic sediments at the contact with the porphyry. The Frasen porphyry target remains open to
p.8 DPM Metals Reports Record Third Quarter 2025 Financial Results