Dpm Metals Inc. · TSX:DPM
Dpm Metals — Q1 2024 Earnings Presentation
20 slides from Dpm Metals's earnings presentation, May 8, 2024
Slide 1: Unlocking Resources and Generating Value: First Quarter 2024 Results
Unlocking Resources and Generating Value TO THRIVE AND GROW TOGETHER First Quarter 2024 Results May 8, 2024 TSX:DPM
Slide 2: Forward Looking Statements
Forwarding Looking Statements Certain statements and other information included in this presentation and our other disclosure documents constitute “forward converted to reserves; risks associated with the fact that certain of the Company's initiatives are still in the early stages and may looking st
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: Q1 2024 Performance Highlights
Q1 2024 Performance Highlights David Rae President & CEO TSX: DPM 4
Slide 5: Recent Newsflow
Recent Newsflow Significant developments in DPM’s portfolio Sale of Tsumeb Čoka Rakita PEA Results Osino • Agreement to sell interest in the • Positive PEA results, including • Decision not to amend offer smelter for US$49 million $588M of NPV5% & 33% IRR5 following notice of superior bid • Asset no
Slide 6: Q1 2024 Results Highlights
Q1 2024 Results Highlights Solid gold production and cost performance driving significant free cash flow Metals Production All-in Sustaining Cost1 Metals contained in concentrate produced ($ per ounce of gold sold) Gold (K oz.) 245 - 285 Copper (M lbs) $872 $883 $790 - $930 69 63 29 - 34 7 7 6 6 Q1
Slide 7: Chelopech, Bulgaria
Chelopech, Bulgaria High-quality, low-cost flagship operation • Q1 gold production in-line with expectations • Grades and recoveries expected to be higher for the balance of the year • On-track to meet 2024 production and cost guidance Metals contained in concentrate produced All-in sustaining cost1
Slide 8: Chelopech: Near Mine Exploration to Add Resources
Chelopech: Near Mine Exploration to Add Resources Focused on extending mine-life through in-mine and brownfields exploration Adding Mine Life Strong track record of adding incremental mineral reserves to offset depletion Extended mine life to 2032 Sharlo Dere Located within mine concession & proxima
Slide 9: Ada Tepe, Bulgaria
Ada Tepe, Bulgaria Impressive cost performance in Q1 • Grades and recoveries expected to be higher for the balance of the year • On-track to meet 2024 production and cost guidance Gold contained in concentrate produced All-in sustaining cost1 K oz. Au $ per ounce of gold sold 90 - 110 $710 - $830 $5
Slide 10: Čoka Rakita: High-margin Production, Robust Economics
Čoka Rakita: High-margin Production, Robust Economics Attractive organic growth project Project Highlights PEA Summary5 Metric Unit Assumption / Result 164koz. Meaningful production per year profile Gold Price $/oz. $1,700 (first 5 full years) Mineable Mineral Resource Mt 7.9 Average grade mined (LO
Slide 11: Čoka Rakita Highlights & Next Steps
Čoka Rakita Highlights & Next Steps PFS expected to be completed Q1 2025 Next steps • Initiated the pre-feasibility study • Advancing stakeholder engagement and permitting activities • Aggressive exploration program planned for 2024: • 30,000 m of infill, hydrological and geotechnical drilling at Čo
Slide 12: Loma Larga Project (Ecuador)
Loma Larga Project (Ecuador) Disciplined approach to project development; advancing permitting & stakeholder engagement activities • Underground gold-copper development project Project milestones to date • Well-aligned with DPM’s core strengths: similar geology, mining and ✓ Informational phase of e
Slide 13: 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 growth pipeline profile • Advancing high-grade Čoka Rakita project in Serbia • 240,000 Au oz. average annual • Optimizing Loma Larga feasibility stud
Slide 14: Q1 2024 Financial Results
Q1 2024 Financial Results Navin Dyal Executive Vice-President & CFO TSX: DPM 14
Slide 15: Q1 2024 Financial Highlights
Q1 2024 Financial Highlights Continued strong earnings and free cash flow generation Generated robust free cash flow2 Adjusted net earnings from Strong financial position from continuing operations continuing operations $626M $62M $33M cash balance as at Mar. 317 Financial Highlights $ millions exce
Slide 16: 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 $790 - $930 27 - 35 $872 $883 16 - 19
Slide 17: 2024 Guidance Update
2024 Guidance Update Revised guidance for evaluation expenses as a result of advancing Čoka Rakita to a PFS US millions, unless otherwise indicated Chelopech Ada Tepe Tsumeb Corporate and Other Consolidated Ore processed (’000s tonnes) 2,090 – 2,200 710 – 800 – – 2,800 – 3,000 Cash cost per tonne of
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 • NCIB renewed mid-March 2024 • High-grade Čoka Rakita project in Serbia PEA expected in Q2 2024 • 15% of free cas
Slide 19: 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 20: 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