DPM CEO Targets 600,000 Ounce Gold Milestone as Production Surge Accelerates

DPM CEO David Rae lays out the company’s path to 600,000 gold ounces as investor demand accelerates. In this exclusive Kitco Mining interview from Mining Forum Americas 2025, Rae explains why Dundee Precious Metals (TSX: DPM, ASX: DPM) chose to list in Australia and how the company is deploying its $800 million war chest to fund growth, pay dividends, and buy back shares.

With second-quarter margins of $2,200 per ounce and all-in sustaining costs just over $1,000, DPM is positioning itself as a top-tier, high-margin gold producer. Rae details the company’s seamless transition from Chelopech to Adriatic Metals, the low-cost promise of Čoka Rakita, and why he sees investor interest climbing as production scales.

This is a high-conviction update on debt-free gold production, market strategy, and what's next in Serbia, Ecuador, and Australia.

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