Dpm Metals Inc. · TSX:DPM
Dpm Metals — Q3 2024 Earnings Presentation
17 slides from Dpm Metals's earnings presentation, Nov 6, 2024
Slide 1: Third Quarter 2024 Results
Unlocking Resources and Generating Value TO THRIVE AND GROW TOGETHER Third Quarter 2024 Results November 6, 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: Third Quarter 2024 Highlights
Third Quarter 2024 Highlights David Rae President & CEO TSX: DPM 4
Slide 5: Q3 2024 Highlights
Q3 2024 Highlights Strong On-track free cash flow2 to meet guidance $213.4M year to date Continuing 10-year track record Advancing Continued growth pipeline capital discipline Čoka Rakita PFS on track for 23% of YTD free cash flow2 Q1 2025 returned to shareholders Margins +53% quarter-over-quarter,
Slide 6: Chelopech Operating Highlights
Chelopech Operating Highlights • On-track to meet 2024 guidance • Grades and recovery improved in Q3 as planned Q3 2024 YTD 2024 2024 Guidance4 Ore processed (Kt) 513 1,593 2,090 - 2,200 Head grades Gold 3.15 g/t 2.94 g/t Copper 0.76% 0.74% Recoveries Gold (combined) 85% 83% Copper 85% 85% Metals co
Slide 7: Ada Tepe Operating Highlights
Ada Tepe Operating Highlights • Quarterly performance impacted by temporary operational challenges • Forecasting increased production in Q4 2024; on track to meet guidance Q3 2024 YTD 2024 2024 Guidance4 Ore processed (Kt) 198 575 710 - 800 Gold grade 3.22 g/t 4.28 g/t — Gold recovery 80% 83% — Gold
Slide 8: Advancing the Čoka Rakita Project
Advancing the Čoka Rakita Project PEA Highlights5 • Pre-feasibility study on track for completion in Q1 2025 • Infill drilling program completed in Q3 • Hydrological and geotechnical drilling nearing completion 164koz. annual gold production • Design & engineering ~80% complete (first 5 full years)
Slide 9: New High-Grade Copper-Gold Discoveries
New High-Grade Copper-Gold Discoveries • Located approximately 1 km north of Čoka Rakita Dumitru Potok prospect • High-grade copper-gold-silver stratabound skarn mineralization • Drilling demonstrating continuous zone of strong mineralization along a 250-metre corridor • Open to the north, south and
Slide 10: Loma Larga Project Update
Loma Larga Project Update Permitting activities • Working with Ministry of Energy and Mines to initiate the free, prior and informed consultation process • Baseline ecosystem and water studies submitted in Q3 2024 • Completed environmental consultation, with communities voting overall in favour of t
Slide 11: Financial Results
Third Quarter 2024 Performance Financial Results Navin Dyal Executive Vice-President & CFO
Slide 12: Q3 2024 Financial Highlights
Q3 2024 Financial Highlights Financial Highlights Free cash flow2 from All operational and financial information is related to continuing operations continuing operations $ millions except where noted, and Q3 2024 Q3 2023 % change YTD 2024 YTD 2023 % change $71M Revenue 147.3 121.9 21% 427.9 380.8 1
Slide 13: Key Cost Metrics and Capital Expenditures
Key Cost Metrics and Capital Expenditures All-in sustaining cost1 Sustaining capital expenditures Growth capital expenditures $ per ounce of gold sold $ millions $ millions 16 - 19 Average realized price All in sustaining cost 27 - 35 2,548 2,347 15 24 1,005 790 - 930 859 11 3 4 4 4 Q3 2024 YTD 2024
Slide 14: Track Record of Disciplined Capital Allocation
Track Record of Disciplined Capital Allocation Returning Capital to Shareholders Demonstrated • 23% of free cash flow2 returned to shareholders YTD 2024 8 track record • $0.04/sh quarterly dividend with attractive 1.5% yield of disciplined capital allocation Capital returns ($M) Investing in organic
Slide 15: 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 $213M of free cash flow2 • Advancing
Slide 16: 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 17: Contact
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