Slide 1: Second Quarter 2024 Results
Unlocking Resources and Generating Value TO THRIVE AND GROW TOGETHER Second Quarter 2024 Results August 2, 2024 TSX:DPM TSX: DPM 1
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: Second Quarter 2024 Highlights
Second Quarter 2024 Highlights David Rae President & CEO TSX: DPM 4
Slide 5: Q2 2024 Highlights
Q2 2024 Highlights High-margin production driving significant free cash flow generation Record Record Robust free cash flow2 adjusted net earnings3 margins $82.4M $70.9M | $0.39/sh $710/oz. Au sold all-in sustaining cost1 On-track Advancing growth Continued capital to meet guidance pipeline discipli
Slide 6: Chelopech Operating Highlights
Chelopech Operating Highlights High-quality, low-cost flagship operation • On-track to meet guidance • Higher copper grades expected in H2 2024 Q2 2024 YTD 2024 2024 Guidance5 Ore processed (Kt) 559 1,080 2,090 - 2,200 Head grades Gold 2.91 g/t 2.85 g/t Copper 0.75% 0.72% Recoveries Gold (combined)
Slide 7: Chelopech: Near Mine Exploration to Add Resources
Chelopech: Near Mine Exploration to Add Resources Track record of adding incremental mineral reserves to offset depletion Highlights • Current Mineral Reserve mine life extends to 2032 • Strong Mineral Resource base • Compelling exploration prospects Sharlo Dere • Located within mine concession and
Slide 8: Ada Tepe Operating Highlights
Ada Tepe Operating Highlights Continued track record of strong cost performance • On-track to meet guidance • H1 2024 all-in sustaining cost of $638/oz. Au sold below low-end of annual guidance range Q2 2024 YTD 2024 2024 Guidance5 Ore processed (Kt) 197 377 710 - 800 Gold grade 4.58 g/t 4.84 g/t —
Slide 9: Advancing the Čoka Rakita Project
Advancing the Čoka Rakita Project High-margin growth project with first gold production targeted for 2028 PEA Highlights6 • Pre-feasibility study on track for completion in Q1 2025 • Stakeholder engagement and permitting activities ongoing 164koz. annual gold production • 2024 exploration program we
Slide 10: Loma Larga Project Update
Loma Larga Project Update Disciplined approach to project development; advancing permitting & stakeholder engagement activities Permitting activities • Working with Ministry of Energy and Mines to initiate the free, prior and informed consultation process • Baseline ecosystem and water studies in pr
Slide 11: Tsumeb Smelter Sale Update
Tsumeb Smelter Sale Update Sale of the smelter simplifies portfolio going forward • All Chinese regulatory approvals received; Namibian Competition Act only approval outstanding • On track to close sale in Q3 2024 IXM Tolling Agreement • As a result of IXM's decision to end current tolling agreement
Slide 12: Financial Results
Second Quarter 2024 Performance Financial Results Navin Dyal Executive Vice-President & CFO
Slide 13: Q2 2024 Financial Highlights
Q2 2024 Financial Highlights Record financial results a result of higher metal prices and strong all-in sustaining cost performance Financial Highlights Record free cash flow2 from All operational and financial information is related to continuing operations continuing operations $ millions except w
Slide 14: Key Cost Metrics and Capital Expenditures
Key Cost Metrics and Capital Expenditures On track to achieve guidance metrics for all-in sustaining cost and capital expenditures All-in sustaining cost1 Sustaining capital expenditures Growth capital expenditures $ per ounce of gold sold $ millions $ millions 16 - 19 27 - 35 790 - 930 5 5 5 (conti
Slide 15: On-Track to Achieve 2024 Guidance
On-Track to Achieve 2024 Guidance 10-year track record of meeting or outperforming gold production & all-in sustaining cost guidance 2024 Guidance5 Chelopech Ada Tepe Corporate and Other Consolidated US millions, unless otherwise indicated (continuing operations) Ore processed Kt 2,090 - 2,200 710 -
Slide 16: 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 • NCIB renewed March 2024 Demonstrated • 23% of free cash flow2 returned to shareholders in H1 2024 track record of disciplined capital al
Slide 17: Continuing to Deliver Value
Continuing to Deliver Value DPM’s strong fundamentals represent an attractive value opportunity High-margin Robust Advancing organic Continued production base free cash flow generation growth pipeline capital discipline • 240,000 Au oz. average annual • Generated $142M of free cash flow 2 • Advancin
Slide 18: 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 19: 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 Visit our LinkedIn page linkedin.com/company/dundee-precious-metals-inc/ TSX:DPM T