Dpm Metals Inc. · TSX:DPM
Dpm Metals — Shareholder Meeting (May 2023)
24 slides from Dpm Metals's shareholder meeting presentation, May 4, 2023
Slide 1: 2023 Annual Meeting of Shareholders
2023 ANNUAL MEETING OF SHAREHOLDERS May 4, 2023 STRONG FOUNDATION. STRONG FUTURE.
Slide 2: Welcome to our Annual General Meeting
Welcome to our Annual General Meeting ▪ Questions may be submitted using the instant messaging service of the virtual interface Asking ▪ Please indicate your name and which entity you represent Questions ▪ Questions will be addressed at the end of the meeting, following the formal business and prese
Slide 3: Meeting Agenda
Meeting Agenda Appointment of the Secretary and Scrutineer Constitution of the Meeting Presentation of Financial Statements and Auditor’s Report Nomination and Election of Directors Appointment of the Auditor Advisory “Say on Pay” Resolution Voting on the Items of Business Termination of the Meeting
Slide 4: Nomination and Election of Directors
Nomination and Election of Directors R. Peter Gillin David Rae Dr. Nicole Adshead-Bell Jaimie Lee Donovan Chair President & CEO Kalidas Madhavpeddi Juanita Montalvo Marie-Anne Tawil Anthony P. Walsh TSX: DPM 4
Slide 5: Delivering Value
Delivering Value Review of Company Performance and Investment Highlights David Rae President & CEO
Slide 6: 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 7: 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 8: 2022 Performance Highlights
2022 Performance Highlights Delivered strong operating performance and financial results STRONG GOLD PRODUCTON INDUSTRY-LEADING COST ROBUST CASH FLOW PERFORMANCE 273,000 oz. $885/oz. $166M achieved annual guidance all-in sustaining cost of free cash flow Gold contained in concentrate produced All-in
Slide 9: 2022 Performance Highlights: Optimizing Assets & Advancing Growth
2022 Performance Highlights Optimizing our assets & advancing our future growth prospects ADA TEPE LIFE OF MINE UPDATE HIGH-GRADE DISCOVERY 66,000 oz. ČOKA RAKITA added to production profile3 Opportunity to fast-track development CHELOPECH MINE LIFE HIGH QUALITY GROWTH ASSET EXTENDED4 LOMA LARGA 203
Slide 10: 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 • 27% of 2022 free cash flow2 returned to shareholders • Added Loma Larga project and advancing permitting • US$0.
Slide 11: Solid Three-Year Outlook
Solid Three-Year Outlook Strong production profile, attractive AISC and significant free cash flow generation Strong Production Profile Attractive All-in Sustaining Cost Gold contained in concentrate produced All-in sustaining cost ($/oz. Au)1 Improved compared to Improved compared to previous outlo
Slide 12: Q1 2023 Results Highlights
Q1 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 gold ounce sold)(1) Gold (K oz.) 270 - 315 Copper (M lbs) $872 $700 - $860 69 30 - 35 7 7 Q1 2023 2023 Gu
Slide 13: Attractive Development & Exploration Projects Driving Future Growth
Attractive Development & Exploration Projects Driving Future Growth Portfolio offers strong production & FCF, and significant organic growth potential Operating Assets Loma Larga Exploration Projects • Čoka Rakita & Timok gold project (Serbia) 500 +200 koz6 Improved versus previous outlook as • Tier
Slide 14: High-Grade Discovery at Čoka Rakita (Serbia)
High-Grade Discovery at Čoka Rakita (Serbia) Large defined footprint; remains open in multiple directions Highlights TIMOK GOLD PROJECT Proven & Probable Mineral Reserve 836 Koz., 22.7Mt @ 1.15 g/t • Strong mineralized footprint with high-grade zone Measured & Indicated Mineral Resource 693 Koz., 23
Slide 15: High-Quality Growth Project: Loma Larga (Ecuador)
High-Quality Growth Project: Loma Larga (Ecuador) Potential to add low-cost production growth to our portfolio Project milestones • Underground gold-copper development project with potential to produce approximately 200,000 gold ounces annually6 ✓ Technical approval of the Environmental Impact Asses
Slide 16: 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 17: Industry-Leading ESG Performance
Industry-Leading ESG Performance
Slide 18: Taking Action on Climate Action
Taking Action on Climate Action The next step in realizing our objective of generating a net positive impact Climate Change Targets Progress to Achieving our Goals SCOPE 1 AND 2 EMISSIONS 2050 15.2% LOWER Achieve net zero compared with 2020 emissions by 2050 INCREASING GREEN 2035 ELECTRICITY procure
Slide 19: Adding Value through Innovation
Adding Value through Innovation
Slide 20: Adding Value through Innovation
Adding Value through Innovation Leveraging innovative technology to optimize performance and mitigate cost pressures Intelligent Mine Initiative Remotely Operated Equipment • Creating a digital twin of our mines to improving planning, • Introducing new technology at Chelopech to remote-operate sched
Slide 21: 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 production7 Serbi
Slide 22: Appendix
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Slide 23: 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 24: 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@dundeeprecious.com T: 416 219-6177 www.dundeeprecious.com Follow us on Twitter @DundeePrecious Visit our LinkedIn page linkedin.com/company/dundee-precious-metals-inc/