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ASX:DPM

6 stories mentioning ASX:DPMUpdated 26d ago

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Asia

Update: DPM Metals Reports High-Grade Gold-Copper Porphyry Discovery in Bulgaria; Shares Up 3%

(Updates to add stock movement in the headline and last paragraph)DPM Metals (ASX:DPM) said it has made a high-grade gold-copper porphyry discovery at its Brevene South target in Bulgaria, adjacent to the Chelopech mine concession, according to a company statement released Wednesday after market hours.Initial drilling confirmed broad, continuous mineralization, including 713 meters at 2.5 grams per tonne gold equivalent and a higher-grade core of 398 meters at 3 grams per tonne gold equivalent.Additional drilling intersected 95 meters at 0.9 grams per tonne gold equivalent and 37 meters at 1.2 grams per tonne gold equivalent, with several holes still in progress.The discovery remains open for expansion, with the company deploying five drill rigs and planning up to 15,000 meters of additional drilling through the year.The company's shares rose 3% in recent Thursday trade.

ASX:DPM
Asia

DPM Metals Reports High-Grade Gold-Copper Porphyry Discovery in Bulgaria

DPM Metals (ASX:DPM) said it has made a high-grade gold-copper porphyry discovery at its Brevene South target in Bulgaria, adjacent to the Chelopech mine concession, according to a company statement released Wednesday after market hours.Initial drilling confirmed broad, continuous mineralization, including 713 meters at 2.5 grams per tonne gold equivalent and a higher-grade core of 398 meters at 3 grams per tonne gold equivalent.Additional drilling intersected 95 meters at 0.9 grams per tonne gold equivalent and 37 meters at 1.2 grams per tonne gold equivalent, with several holes still in progress.The discovery remains open for expansion, with the company deploying five drill rigs and planning up to 15,000 meters of additional drilling through the year.

ASX:DPM
Asia

DPM Metals Identifies High-Grade Intercepts at Bulgaria Mine

DPM Metals (ASX:DPM) said it identified new high-grade intercepts from the Chelopech Wedge Zone Deep prospect of its Chelopech mine in Bulgaria, according to a Thursday filing.The results were of up to 58 meters at 15.28 grams per tonne gold equivalent, comprising 14.58 g/t gold, 0.67% copper, and 26.93 g/t silver from 449 meters downhole.The company said the mineralized zone has been defined over about 170 meters along strike, 130 meters in width, and 300 meters in vertical extent, with drilled gold grades well in excess of the existing Chelopech mine gold reserve grade of 2.18 grams per tonne.The Wedge Zone Deep target remains open along strike and down-dip, with further drilling planned for the rest of the year and an initial mineral resource estimate targeted by year-end as part of the Chelopech annual mineral resource and reserve update, the filing added.

ASX:DPM
Asia

Australian Shares Rally; DigiCo Infrastructure REIT Agrees to Sell Chicago Facility for $750 Million

Australian shares rallied on Wednesday as banks' shares gained after the rate hike by the Reserve Bank of Australia, and US President Donald Trump cited "great progress" towards a peace deal with Iran.The S&P/ASX 200 Index rose 1.3%, or 113.10 points, to close at 8,793.60.Brent crude oil futures fell below $108 per barrel. President Trump said that a US naval operation to guide ships through the Strait of Hormuz would be paused to secure a peace deal with Iran to end the conflict.On the domestic front, Australia's industry activity remained in contraction in April, as persistent weakness in manufacturing and construction and rising fuel-driven cost pressures outweighed early signs of stabilization in orders and employment, the Australian Industry Group said.The Australian Industry Index rose by 9.8 points in April but remained firmly in contraction at negative 24.4. The Australian Performance of Manufacturing Index rose by 0.7 to negative 27.9, while the Australian Performance of Construction Index jumped 37.8 to negative 19.3.In company news, DigiCo Infrastructure REIT (ASX:DGT) agreed to sell its Chicago facility for $750 million to a third-party North American fund manager. The sale, expected to reach financial close in the first quarter of fiscal year 2027, is anticipated to release net cash proceeds of AU$360 million post repayment of asset-level debt and increase available liquidity to AU$900 million. Its shares gained 23% at market close.DPM Metals (ASX:DPM) reported first-quarter adjusted earnings of $0.76 per basic share, up from $0.32 a year earlier. Revenue for the three months ended March 31 was $310.4 million, compared with $144.1 million a year earlier. Its shares closed down 2%.Lastly, NexGen Energy (ASX:NXG) reported on Wednesday a first-quarter loss of CA$0.24 per share, compared with CA$0.09 a year earlier. The company said it does not have any revenue except for interest income. Its shares fell 3% on market close.

ASX 200ASX:DGTASX:DPMASX:NXG
Asia

ASX Preview: Australian Shares Set to Rise as Iran-US Ceasefire Holds; DPM Metals Posts Higher Q1 Adjusted Earnings, Revenue

Australian shares are poised to rise on Wednesday as easing fears over Middle East supply disruptions and signs of a still-contained Iran-US ceasefire helped steady global risk sentiment, even as tensions around the Strait of Hormuz and intermittent strikes continued to keep energy markets on edge.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.8%, 1%, and 0.7%, respectively.In the macroeconomy, Australia's industry activity remained in contraction in April despite a 9.8 point rebound, as persistent weakness in manufacturing and construction and rising fuel-driven cost pressures outweighed early signs of stabilization in orders and employment, Australian Industry Group said on Wednesday.In corporate news, DPM Metals (ASX:DPM) reported Wednesday first quarter adjusted earnings of $0.76 per basic share on revenue of $310.4 million, compared with adjusted earnings of $0.32 on revenue of $144.1 million a year earlier.Atlas Arteria's (ASX:ALX) independent directors have unanimously urged shareholders to reject IFM's takeover offer, calling it opportunistic, highly conditional, and a material undervaluation of the company's assets and long-term value.Australia's benchmark index fell 0.2% or 16.6 points to close at 8,680.50 on Tuesday.

ASX 200ASX:ALXASX:DPM
Asia

DPM Metals Posts Higher Q1 Adjusted Earnings, Revenue

DPM Metals (ASX:DPM) reported Wednesday first quarter adjusted earnings of $0.76 per basic share, up from $0.32 a year earlier.Analysts polled by FactSet expected earnings of $0.76.Revenue for the three months ended March 31 was $310.4 million, compared with $144.1 million a year earlier.Analysts surveyed by FactSet expected $312.4 million.The company expects to process 2.9 million to 3.1 million tonnes of ore, produce 305,000 to 365,000 ounces of gold equivalent in concentrates, and achieve an all-in sustaining cost of $1,300 to $1,450 per gold equivalent ounce sold in 2026.The board declared a second quarter dividend of $0.04 per share, unchanged from the prior corresponding period, payable July 15 to shareholders on record as of June 30.

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