DPM Metals Announces Updated Feasibility Study Results and Provides Permitting Update for the Loma Larga Project

Core Viewpoint - DPM Metals Inc. announced the results of an updated feasibility study for its Loma Larga project in Ecuador, highlighting the project's potential for attractive returns and its commitment to environmental and social responsibility [2][9]. Feasibility Study Highlights - The updated feasibility study indicates an after-tax NPV at a 5% discount of $488 million and an internal rate of return (IRR) of 18.1%, based on metal price assumptions of $1,900 per ounce for gold, $27.50 per ounce for silver, and $4.00 per pound for copper [9]. - The life of mine average all-in sustaining cost is projected at $873 per ounce of gold sold, with a total of 1.9 million payable gold equivalent ounces over an 11-year mine life [9][12]. - Initial capital cost is estimated at $593 million, which is within the company's funding capacity [9][21]. Permitting Update - The environmental license for the Loma Larga project was issued in Q2 2025, following a rigorous government process to ensure compliance with Ecuadorian standards [6]. - Concerns were raised by stakeholders in Cuenca regarding the project's environmental performance, leading to potential government actions to suspend the environmental license [7][10]. Environmental and Social Responsibility - The project is designed to meet high environmental and water management standards, with a commitment to responsible mining practices [3][20]. - DPM aims to maximize local community benefits through taxes, royalties, and local employment [26][27]. Production and Economic Metrics - The feasibility study is based on total mineral reserves of 12.6 million tonnes, with an average gold grade of 4.7 grams per tonne, resulting in total recoverable gold of 1.7 million ounces [12][32]. - The project anticipates an average annual payable production of approximately 173,000 gold equivalent ounces [9][12]. Project Optimization and Future Plans - DPM plans to optimize capital costs and explore additional mineral resources through a 23,000-meter drilling program once activities resume [29][31]. - The company is focused on disciplined investment decisions based on permitting and project evaluation milestones [30].