05:19 PM EST, 02/13/2025 (MT Newswires) -- Dundee Precious Metals ( DPMLF ) after trade Thursday reported higher fourth-quarter earnings, boosted by higher revenues, while it provided 2025 guidance and a three-year outlook as it moves to become a mid-tier gold producer.

Among highlights, the company reported adjusted earnings per share of US$0.46 versus US$0.28 in the year earlier period. Revenue was US$179.1 million, up from US$139.3 million.

The company said its three-year outlook highlights focus on its next phase of growth, including planned growth capital and exploration expenditures. It added 2025 production is expected to be between 225,000 and 265,000 ounces of gold at an all-in sustaining cost of between $US$780 to US$900 per ounce of gold sold.

"We once again generated record financial results in 2024, including free cash flow of $305 million, demonstrating the quality of our low-cost, high-margin mining operations," said chief executive David Rae.

Rae added the company had achieved a "significant milestone" for Coka Rakita by completing the pre-feasibility study for this high-grade, low-cost growth project. "The project team initiated the feasibility study and is advancing permitting activities to support start-up of construction in mid-2026. And, importantly, our scout drilling programs near Coka Rakita continue to return strong results confirming the large-scale potential for further high-grade copper-gold mineralization, highlighting the significant potential to generate additional value through exploration."

The company's shares closed down $0.10 to $15.77 on the Toronto Stock Exchange.