Dpm Metals Inc. · TSX:DPM
Dpm Metals — Q1 2023 Earnings Presentation
21 slides from Dpm Metals's earnings presentation, May 4, 2023
Slide 1: First Quarter Results
Unlocking Resources and Generating Value Unlocking Resources and Generating Value TO THRIVE TO THRIVE AND GROW TOGETHER AND GROW TOGETHER First Quarter Results TSX:DPMMay 4, 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: First Quarter 2023 Highlights
First Quarter 2023 Highlights David Rae President & CEO TSX: DPM 4
Slide 5: 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) 270 - 315 $872 Gold (K oz.) $700 - $860 Copper (M lbs) MTM to share-based compensatio
Slide 6: Chelopech, Bulgaria
Chelopech, Bulgaria Continued strong performance Q1 2023 Highlights Metals contained in concentrate produced • On track to meet 2023 guidance Gold (K oz.) Copper (M lbs) 150 - 170 • Grades and recoveries expected to be higher for balance of year • Mine life extension to 2031 35 30 - 35 Brownfields e
Slide 7: Ada Tepe, Bulgaria
Ada Tepe, Bulgaria Strong Operating Performance Q1 2023 Highlights Metals contained in concentrate produced K oz. Au 120 - 145 • Near-record level of performance in Q1 • Strong all-in sustaining cost performance – below guidance range Brownfields exploration 33 • 11,000 m of drilling on the Chiirite
Slide 8: Tsumeb, Namibia
Tsumeb, Namibia Q1 2023 Highlights Complex concentrate smelted K tonnes 200 - 230 • Maintenance undertaken in the off-gas system during the quarter, which impacted performance • Additional maintenance in the off-gas system scheduled for Q3 2023, which is to result in improved quarterly performance 5
Slide 9: 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 10: 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 annually7 ✓ Technical approval of the Environmental Impact Asses
Slide 11: 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 12: 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 13: First Quarter 2023 Financial Results
First Quarter 2023 Financial Results Navin Dyal Executive Vice-President & CFO TSX: DPM 13
Slide 14: Key Cost Metrics and Capital Expenditures
Key Cost Metrics and Capital Expenditures On-track to achieve guidance • All-in sustaining cost per ounce of gold sold impacted by higher share-based compensation expenses, reflecting DPM’s strong share price performance All-in sustaining cost1 Cash cost per tonne2 Capital expenditures $ per gold ou
Slide 15: Financial Results Highlights
Financial Results Highlights Strong operation performance driving significant free cash flow generation Revenue Cash flow3 $ millions $ millions Free cash flow 154 156 $75 Cash flow provided by operations (before changes in working capital) $64 $65 $52 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Earnings4 Per S
Slide 16: Solid Three-Year Outlook
Solid Three-Year Outlook Strong production profile, attractive AISC and significant free cash flow generation Strong Production Profile Attractive All-in Sustaining Cost Gold contained in concentrate produced All-in sustaining cost ($/oz. Au)1 Improved compared to Improved compared to previous outlo
Slide 17: 2023 Guidance
2023 Guidance On-track to achieve 2023 guidance US millions, unless otherwise indicated Chelopech Ada Tepe Tsumeb Corporate and Other Consolidated Ore processed (’000s tonnes) 2,090 – 2,200 730 – 810 - - 2,820 – 3,010 Cash cost per tonne of ore processed1 53 – 58 73 – 79 - - - Metals contained in co
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 • 24% of 2022 free cash flow8 returned to shareholders • Added Loma Larga project and advancing in Q1 2023 permitt
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/