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Dpm Metals CDI ASX:DPM

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20 Apr 2026 to today

Commentary 1 comments

DateManagerActionSummary

30 Jun 2026L1 CapitalHeldL1 Capital continues to hold DPM Metals because it combines a high quality management team with a strong track record of execution and a logically structured portfolio of gold assets across Bosnia, Bulgaria, and Serbia that share social licence and technical expertise, including plans to relocate a plant from Bulgaria to the Serbian development asset. L1 notes the three assets could together produce more than half a million ounces of gold annually over the medium term, with all individual operations sitting in the first quartile of the cost curve and long mine lives. The manager highlights that organic drilling has potentially defined two additional assets in the past 12 months, and that DPM has outperformed the GDX index, rising 20% year to date while gold equities broadly fell 20-30% and gold prices declined, reflecting the portfolio's low cost base.

Gold MiningPresentation, price recorded $45.79

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on DPM.

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About Dpm Metals CDI

Materials, Metals and Mining

DPM Metals (ASX:DPM), a gold miner with a secondary ASX listing, is held by L1 Capital. In June 2026, L1 described DPM as a gold miner with its primary listing on the TSX and a secondary listing on the ASX, with a market value of around $12 billion, highlighting its low-cost operations and strong cash generation. DPM Metals operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 1 comment from 1 fund manager, L1 Capital. DPM Metals, formerly Dundee Precious Metals and renamed in September 2025, is a gold mining company operating the Chelopech and Ada Tepe mines in Bulgaria, developing the Čoka Rakita project in Serbia, and has acquired Adriatic Metals, positioning it as a growing European-focused gold and precious metals producer.

Market cap: $12.5b
Price to earnings: Loss-making
Return on equity: 0.0%
Dividend yield: 0.0%
Price to book: 0.00x
Net margin: 0.0%
52-week range: $30.45 to $71.31

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Dpm Metals CDI (ASX:DPM)?

Fund managers including L1 Capital have invested in Dpm Metals CDI (ASX:DPM).

What opportunities or catalysts do fund managers highlight for Dpm Metals CDI?

L1 highlights DPM's low-cost gold operations, strong cash generation and growth pipeline in Europe.

What are the key risks to the Dpm Metals CDI investment thesis, according to fund managers?

The available commentary does not set out specific risks, though DPM's earnings depend on gold prices and execution in the Balkans.

What does Dpm Metals CDI (ASX:DPM) do?

DPM Metals Inc., formerly Dundee Precious Metals Inc. (renamed September 2025), is a gold mining company engaged in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily targets gold, copper, and silver deposits. Its project portfolio spans four countries: Bulgaria, Bosnia and Herzegovina, Serbia, and Ecuador. DPM Metals Inc. is headquartered in Toronto, Canada.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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