Slide 1: Q2 2022 Financial and Operating Results Webcast
Q2 2022 Financial and Operating Results Webcast July 29, 2022 Unlocking resources and generating value to thrive and grow together
Slide 2: Forward Looking Statements
Forward 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 that a
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: David Rae, President & Chief Executive Officer
David Rae President & Chief Executive Officer UNLOCKING RESOURCES AND GENERATING VALUE TO THRIVE AND GROWTH TOGETHER TMX:DPM 4
Slide 5: Q2 2022 Results Highlights
Q2 2022 Results Highlights Solid gold production and excellent cost performance driving significant free cash flow STRONG METALS PRODUCTION EXCELLENT ALL-IN SUSTAINING COST Metals Contained in Concentrate Produced All-in sustaining cost(1) ($/oz.) Gold (K oz.) Copper (M lbs) $750 - $890 250 - 290 $7
Slide 6: Chelopech, Bulgaria
Chelopech, Bulgaria Delivered strong gold production Q2 2022 Highlights STRONG METALS PRODUCTION ▪ Production benefitted from higher-than-planned grades and Metals contained in concentrate produced Gold (K oz.) 169 - 191 recoveries Copper (Mlbs) ▪ Year-to-date all-in sustaining cost of $707/oz. belo
Slide 7: Ada Tepe, Bulgaria
Ada Tepe, Bulgaria Continues to achieve impressive operating performance Q2 2022 Highlights SOLID GOLD PRODUCTION ▪ On track to achieve 2022 guidance Gold contained in concentrate produced (K oz.) 81 – 99 ▪ Grade expected to increase in Q4 2022, per the mine plan 45.1 ▪ Incorporating results of acce
Slide 8: Tsumeb, Namibia
Tsumeb, Namibia Focus on operational stability, efficiencies and cost reduction Q2 2022 Highlights COMPLEX CONCENTRATE SMELTED K tonnes ▪ Completed 45-day Ausmelt maintenance shutdown 185 – 200 ▪ Included repairs to the off-gas system & baghouse 68.3 ▪ Full operations resumed at the beginning of Jul
Slide 9: Advancing our Development Projects
Advancing our Development Projects Potential to add low-cost production growth Loma Larga Timok Ecuador Serbia 31% $520M ~200koz. 21% $135M ~80koz. IRR NPV5% Average annual gold IRR NPV5% Average annual gold production production Upcoming project milestones Upcoming project milestones • Issuance of
Slide 10: Hume Kyle, Executive Vice President and Chief Financial Officer
HUME KYLE Executive Vice President and Chief Financial Officer UNLOCKING RESOURCES AND GENERATING VALUE TSX:DPM 10 TO THRIVE AND GROWTH TOGETHER
Slide 11: Financial Results Highlights
Financial Results Highlights Strong gold production driving solid free cash flow generation year-to-date CASH PROVIDED FROM ADJUSTED NET EARNINGS(4) OPERATING ACTIVITIES FREE CASH FLOW(3) (before changes in working capital)(3) $ millions $ millions $ millions 160 160 160 160 120 120 $148 140 140 140
Slide 12: Key Cost Metrics and Capital Expenditures
Key Cost Metrics and Capital Expenditures Year-to-date all-in sustaining cost below guidance range for 2022 CASH COST PER TONNE OF ALL-IN SUSTAINING COST(1) CAPITAL EXPENDITURES CONCENTRATE SMELTED(2) $ per gold ounce sold $ per tonne $ millions Sustaining Growth 1000 1000 $973 $750 - $890 900 900 $
Slide 13: Solid Three-Year Outlook
Solid Three-Year Outlook Highlights strong production profile, attractive AISC and potential to generate significant free cash flow STRONG PRODUCTION PROFILE ATTRACTIVE ALL-IN SUSTAINING COST Metals contained in concentrate produced All-in sustaining cost ($/oz Au)(1) Gold (K oz.) Copper (M lbs) 310
Slide 14: Well-Positioned to Continue Delivering Value to Shareholders
Well-Positioned to Continue Delivering Value to Shareholders DPM’s strong fundamentals represent an attractive value opportunity Strong Production & Cost Profile Strong Free Cash Flow & Balance Sheet Returning Capital to Shareholders ▪ 270,000 Au oz. ▪ Generated $252M of free cash flow in ▪ Extended
Slide 15: Footnotes and Disclaimers
Footnotes and Disclaimers 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 l
Slide 16: 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/