DPM Metals Reveals Feasibility Study Findings for Coka Rakita Project

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Nov 26 2025

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Feasibility Study Results: DPM Metals' feasibility study for the Coka Rakita project in Serbia confirms a high-margin underground mining operation with a robust net present value (NPV) of $782M and an internal rate of return (IRR) of 36% at a $1,900 gold price assumption.
Project Improvements: The study highlights improvements over the pre-feasibility study, including a 10% increase in mineral reserves, an 11% increase in contained gold, and higher production averaging 189,000 ounces of gold per year in the first five years.
Capital and Costs: The project has an attractive initial capital requirement of $448M and a first quartile all-in sustaining cost of $644 per ounce of gold, indicating strong economic viability.
Future Plans: DPM Metals is advancing towards execution readiness and permitting for mine construction, with first concentrate production expected in early 2029, while also exploring additional high-potential areas within the Rakita camp.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.