DPM Metals Inc. announced the results of a feasibility study for the Čoka Rakita project in Serbia. The study confirms robust economics for an underground mining operation with high returns and low costs. Highlights include increased mineral reserves and gold production, with a first quartile all-in sustaining cost of $644 per ounce. The project has an attractive initial capital of $448 million and a robust NPV of $782 million at a $1,900 gold price assumption, with an IRR of 36%. Construction is expected to start in early 2027, with first concentrate production in the first half of 2029.

The feasibility study for Čoka Rakita in Serbia outlines improvements compared to the pre-feasibility study. The project now includes an additional year of mine life, increased gold production in the first five years, and improved net present value. The mineral reserves tonnage has increased by 10%, with contained gold increasing by 11%. The project has a first quartile all-in sustaining cost of $644 per ounce of gold, and an attractive initial capital of $448 million. The NPV at a $1,900 gold price assumption is $782 million, with an IRR of 36%, and $2.2 billion at a $3,500 gold price assumption. Permitting milestones have been achieved, and construction is set to begin in early 2027.

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