Dpm Metals Inc. · TSX:DPM
Dpm Metals — Q3 2023 Earnings Presentation
21 slides from Dpm Metals's earnings presentation, Nov 8, 2023
Slide 1: Third Quarter Results
Unlocking Resources and Generating Value Unlocking Resources and Generating Value TO THRIVE TO THRIVE AND GROW TOGETHER AND GROW TOGETHER Third Quarter Results TSX:DPM November 8, 2023 TSX:DPM
Slide 2: Forwarding Looking Statements
Forwarding Looking Statements Certain statements and other information included in this presentation and our other disclosure documents constitute “forward looking statements” or “forward looking information” (collectively, “Forward Looking Statements”). Forward Looking Statements are statements tha
Slide 3: Use of Non-GAAP Measures
Use of 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
Slide 4: Third Quarter 2023 Highlights
Third Quarter 2023 Highlights David Rae President & CEO TSX: DPM 4
Slide 5: Q3 2023 Results Highlights
Q3 2023 Results Highlights Solid gold production and cost performance driving significant free cash flow Metals Production All-in Sustaining Cost1 Metals contained in concentrate produced ($ per ounce of gold sold) Gold (K oz.) 270 - 315 Copper (M lbs) $911 $700 - $860 219 $840 74 22 30 - 35 7 5 5 Q
Slide 6: Chelopech, Bulgaria
Chelopech, Bulgaria High-quality, low-cost flagship operation Q3 2023 Highlights Metals contained in concentrate produced • On track to achieve 2023 production and cost guidance Gold (K oz.) Copper (M lbs) 150 - 170 • All-in sustaining cost per ounce of gold sold reflects higher treatment charges 12
Slide 7: Ada Tepe, Bulgaria
Ada Tepe, Bulgaria Strong production and cost performance Q3 2023 Highlights Metals contained in concentrate produced K oz. Au 120 - 145 • Achieved record quarterly production • Q3 2023 all-in sustaining cost of $509/oz., below low-end of guidance range 99 • On track to achieve 2023 production and c
Slide 8: Tsumeb, Namibia
Tsumeb, Namibia Expecting improved performance in Q4 2023 Q3 2023 Highlights Complex concentrate smelted K tonnes 200 - 230 • Planned Ausmelt furnace maintenance completed during the quarter 121 • Expected to be below production guidance range and toward high end of cash cost guidance 22 5 Q3 2023 Y
Slide 9: Čoka Rakita Highlights
Čoka Rakita Highlights Large defined footprint with high-grade core • Accelerated drilling continues, including infill drilling at a 30m x 30m spacing ▪ Drilled over 63,000 metres year-to-date • Expect to complete a maiden Mineral Resource estimate by year-end 2023 • Accelerating project timeline on
Slide 10: Serbia Exploration
Serbia Exploration New exploration licences with upside potential • New exploration licences for the area hosting the Timok gold project granted in October 2023 • Planning an aggressive exploration program • Testing for skarn targets to the north and west of Čoka Rakita • Planning 25,000 metres of d
Slide 11: High-Quality Growth Project: Loma Larga (Ecuador)
High-Quality Growth Project: Loma Larga (Ecuador) Potential to add low-cost production growth to our portfolio Feasibility study optimization • Underground gold-copper development project with potential to produce approximately 200,000 gold ounces annually6 • Continuing with optimization phase beyon
Slide 12: Encouraging Exploration Results at Tierras Coloradas (Ecuador)
Encouraging Exploration Results at Tierras Coloradas (Ecuador) Drilling confirms presence of well-mineralized low-sulphidation epithermal vein system Located in the Loja province of Ecuador Low sulphidation epithermal vein system mapped over a 3 x 3.5 km area ▪ Over 8 km of vein strike length deline
Slide 13: Well-Positioned to Continue Delivering Value
Well-Positioned to Continue Delivering Value DPM’s strong fundamentals represent an attractive value opportunity Strong Production & AISC Building Our Pipeline Profile • Advancing permitting for Loma Larga • 270,000 Au oz. average annual • New high-grade discovery at Čoka Rakita in production5 Serbi
Slide 14: Third Quarter 2023 Financial Results
Third Quarter 2023 Financial Results Navin Dyal Executive Vice-President & CFO TSX: DPM 14
Slide 15: Q3 2023 Financial Highlights
Q3 2023 Financial Highlights Continued strong earnings and free cash flow generation Generating robust free cash flow Returning capital to shareholders Strong financial position $180M $76M $563M first nine months first nine months cash balance as at Sep. 30 Financial Highlights $ millions, except wh
Slide 16: Key Cost Metrics and Capital Expenditures
Key Cost Metrics and Capital Expenditures On-track to achieve all-in sustaining cost guidance • Going forward, all Chelopech’s concentrate to be delivered to third-party smelters with lower treatment charges All-in sustaining cost1 Smelter cash costs2 Capital expenditures $ per ounce of gold sold $
Slide 17: Forecasting Another Strong Year in 2023
Forecasting Another Strong Year in 2023 Mining operations on track to achieve 2023 production and cost guidance YTD 2023 2023 Guidance5 Metals contained in concentrate produced Gold (K oz.) 219.0 270 – 315 ON TRACK Copper (Mlbs) 22.3 30 – 35 All-in sustaining cost ($/oz. Au)1 $840 $700 – $860 Chelop
Slide 18: Track Record of Disciplined Capital Allocation
Track Record of Disciplined Capital Allocation Balancing financial strength, reinvestment and return of capital to shareholders Returning Capital to Shareholders Investing in our Future • 42% of free cash flow 3 returned to shareholders in • Advancing high-grade Čoka Rakita project in Serbia the fir
Slide 19: Appendix
APPENDIX APPENDIX TSX DPM 19
Slide 20: Footnotes
Footnotes 1. Cost of sales per ounce of gold sold represents cost of sales for Chelopech and Ada Tepe, divided by payable gold in concentrate sold. This measure is before by-product credits. All-in sustaining cost per ounce of gold is a non-GAAP ratio which represents cost of sales less depreciation
Slide 21: TSX:DPM
Corporate Head Office 150 King Street West, Suite 902 Toronto, Ontario M5H 1J9 T: 416 365-5191 Investor Relations jcameron@dundeeprecious.com T: 416 219-6177 www.dundeeprecious.com Follow us on Twitter @DundeePrecious TSX:DPM Visit our LinkedIn page linkedin.com/company/dundee-precious-metals-inc/