Slide 1: Uniquely Positioned to Deliver Superior Value
TSX:DPM TSX: DPM ASX: DPM Uniquely Positioned to Deliver Superior Value Second Quarter 2026 Results July 31, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward Looking Statements are statements that are not historical facts and are generally, but not always, identified by the use of forward looking terminology such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “guidance”, “outlook”
Slide 3: Non-GAAP Measures
Non-GAAP Measures Certain financial measures referred to in this presentation are not measures recognized under IFRS and are referred to as Non-GAAP financial measures or ratios. These measures have no standardized meanings under IFRS and may not be comparable to similar measures presented by other
Slide 4: Q2 2026 Highlights
Q2 2026 Highlights
Slide 5: Second Quarter Highlights
Second Quarter Highlights Performance demonstrates strengths that underpin growth strategy ☑ Advancing Growth Pipeline ☑ Record Financial Results • Major discovery at Brevene South Porphyry • Record $227 million of free cash flow2 • Wedge Zone exploration prospect • Record $211 million of adjusted n
Slide 6: Vareš Ramping up to Full Production in 2026
Vareš Ramping up to Full Production in 2026 On track to achieve 850,000 tonnes by year-end 2026 a transitional year for Vareš Ramp-up Progress through 2026 • Development rates advancing according to plan • Advancing paste backfill plant and second filter press • Accelerating gold and silver producti
Slide 7: Progressing Priority Projects at Vareš
Progressing Priority Projects at Vareš On track to achieve 850,000 tonne per annum rate by year-end Construction of paste backfill plant advancing well Progressing installation of the second tailings filter press 7 Information Category: Confidential - General
Slide 8: Chelopech: Near-Term Growth Underpinned by Consistent Delivery
Chelopech: Near-Term Growth Underpinned by Consistent Delivery On-track to meet 2026 guidance Q2 2026 Q2 2025 H1 2026 H1 2025 2026 Guidance4 Ore processed Kt 549 541 1,056 1,074 2,100 - 2,200 Head grades: Gold g/t 3.03 3.35 2.85 2.98 Silver g/t 18.04 6.49 15.93 6.48 Copper % 0.78 0.67 0.76 0.63 Reco
Slide 9: Wedge Zone Discovery
Wedge Zone Discovery Located in Chelopech mine concession approximately 250 m from existing Mineral Reserves • Potential to augment Chelopech life of mine plan • Initial mineral resource estimate by year-end 2026 • Newly discovered high-grade zone • Higher than current reserve grade of 2.2 g/t Au •
Slide 10: Brevene South Porphyry Discovery
Brevene South Porphyry Discovery Major discovery of high-grade gold-copper porphyry system adjacent to Chelopech mine • Results demonstrating grade, scale and continuity • 713 m at 2.52 g/t AuEq, including 398 m at 3 g/t AuEq • Hole terminated after drilled 1 km, ended in mineralization • Outlined a
Slide 11: Advancing the Čoka Rakita Project
Advancing the Čoka Rakita Project High-margin growth project with first production targeted for H1 2029 Feasibility Study Results6 • Feasibility study outlines a robust, high-margin gold operation $782M NPV5% | 36% IRR robust economics at $1,900/oz. Au • NPV5% of $2.2B at $3,500/oz. gold price • Swi
Slide 12: Rakita Camp: Large, Untested Porphyry-Skarn System
Rakita Camp: Large, Untested Porphyry-Skarn System Multiple prospects within 1km to 2km from Čoka Rakita project infrastructure • Intensive camp-wide exploration campaign ongoing • 5 discoveries since 2022, with several untested targets to the north • Drilling re-commended at the Čoka Rakita licence
Slide 13: Ada Tepe: Responsible Mine Closure
Ada Tepe: Responsible Mine Closure Restoring and returning the mine footprint to the Natura 2000 protected area • First new mine in the Balkans in over 40 years • Demonstration of DPM’s ability to permit, build and operate world-class assets Demonstrating a new track record of responsible mine closu
Slide 14: Growing Precious Metals Producer
Growing Precious Metals Producer Organic growth funded from a strong balance sheet Operating Assets Growth Pipeline Optimizing plan for Wedge Zone to potentially benefit 2028E 355 - 400 Growth prospects 305 - 365 320 - 365 Čoka Rakita Dumitru Potok 288 project +189,000 oz.6 Wedge Zone (first 5 years
Slide 15: Financial Results Highlights
Financial Results Highlights 1515
Slide 16: Financial Results Highlights
Financial Results Highlights Record earnings and free cash flow $ millions except where noted Q2 2026 Q2 2025 % change H1 2026 H1 2025 % change Record free cash flow2 Revenue 361.5 186.5 94% 671.9 330.6 103% $227.3 million Adjusted net earnings3 210.8 87.6 141% 379.0 143.0 165% Per share ($/sh) 0.95
Slide 17: Key Cost Metrics and Capital Expenditures
Key Cost Metrics and Capital Expenditures All-in sustaining cost1,5 Capital expenditures $ per GEO sold $ millions All-in sustaining cost Average realized gold price7 Sustaining Growth 200 - 230 215 $4,635 $4,375 1,300 - 1,450 62.1 28.0 25 - 32 $1,214 $1,417 3.2 6.4 Q2 2026 H1 2026 2026 Guidance 4 Q
Slide 18: Financial Strength to Fund Growth
Financial Strength to Fund Growth Growing cash position with no debt and a track record of shareholder returns Financial Position Shareholder Returns $ millions $ millions Total liquidity $1.2B Up to $200M of share buybacks in 2026 18 Information Category: Confidential - General
Slide 19: Growing European Precious Metals Producer
Growing European Precious Metals Producer Peer-leading growth and margins for quality returns through the cycle Hungary Operator with 11-year track record 350,000 GEO at $1,450/oz GEO sold Croatia Romania Bosnia and Serbia Herzegovina High-margin production growth Rakita Camp prospects Bulgaria deve
Slide 20: Footnotes
Footnotes 1 Cost of sales per GEO sold represents cost of sales for Chelopech, Ada Tepe and Vareš, divided by GEO sold. All-in sustaining cost per GEO sold, is a non-GAAP ratio which represents cost of sales less depreciation, amortization and other non-cash items plus treatment charges, penalties,
Slide 21: Corporate Head Office Investor Relations
Corporate Head Office 150 King Street West, Suite 902 Toronto, Ontario M5H 1J9 T: 416 365-5191 Investor Relations jcameron@dpmmetals.com T: 416 219-6177 www.dpmmetals.com