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SEE Business Forum Istanbul, Turkey November 22 - 23, 2012. Canada. Dundee Precious Metals Highlights. Sabina 11%. $1.3B gold producer. 2 operating mines in Bulgaria & Armenia. Avala 51%. Chelopech. Strategic complex concentrate smelter in Namibia. Dunav 47%. Krumovgrad. Deno Gold.
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SEE Business Forum Istanbul, Turkey November 22 - 23, 2012
Canada Dundee Precious Metals Highlights Sabina 11% $1.3B gold producer 2 operating mines in Bulgaria & Armenia Avala 51% Chelopech Strategic complex concentrate smelter in Namibia Dunav 47% Krumovgrad Deno Gold 2012 gold production of 132,000 to 145,000 oz Low cash cost/ounce gold produced Growing pipeline of growth opportunities Experienced management team Namibia Custom Smelter Attractive value proposition Operating assets Development assets Exploration assets TSX:DPM
Portfolio of Assets Canada Sabina 10.7% Avala 51% Chelopech 100% Dunav 47% Krumovgrad 100% Kapan 100% Tsumeb Smelter 100% Operating assets Development assets Exploration assets TSX:DPM
Strong Balance Sheet Capital Structure @ October 10, 2012 $115M Cash on Hand @ June 30, 2012 (excluding AVZ & DNV) $110M Significant Operating Cash Flow Annualized H1 2012 $83M Gross Revenue by Metals Sold 2016E 2012E 2011A Debt @ June 30, 2012 Total Debt:Total Capital = 10% Gold Copper Silver Zinc 4% 6% 5% 5% 6% 6% 24% 48% 36% 55% 41% 64% TSX:DPM
Corporate Strategy Build DPM into an intermediate, low-cost gold producer: Optimize value of existing operating assets Chelopech – production expansion and pyrite recovery project Smelter – complete Project 2012 upgrades & expansion Deno Gold Mine - open pit evaluation and underground extension Grow business beyond existing operating assets Develop Krumovgrad Gold Project Establish deep pipeline of greenfield exploration opportunities Complete acquisitions that offer accretive growth, diversity and gold exposure Sustain low quartile operating cost position Maintain a solid financial position TSX:DPM
Chelopech Mine • Low Cost, Long Life Producer Strategy • Complete expansion to 2 mtpy Q4 2012 • Continue to replace depletion and increase Mineral Resources and Mineral Reserves through exploration • Complete feasibility study on the pyrite gold recovery project TSX:DPM
Namibia Custom Smelter • A Unique Strategic Asset Strategy • Build a one of a kind asset to treat DPM and third party complex concentrate • Upgrade operation to meet global standards • Increase capacity and lower costs • Contract other third party sources of complex concentrate to optimize throughput Smelter Capacity Tonne (000s) 2009 2010 2011 2012E H1 2012 2013E: +O2 Chelopech con Third party con TSX:DPM
Namibia Custom Smelter • Environmental & Production Upgrades New vehicle designed to vacuum dust off the ground for disposal New dust disposal site 3 blocks of dust-capturing chambers installed in the new baghouse New oxygen plant TSX:DPM
Deno Gold Mine • Potential to Increase Size and Life of Mine Strategy • Define the potential open pit and underground resource for the Shahumyan deposit • Complete open pit and underground studies based on the new resources • Explore regional license to define additional Mineral Resources • Continue operational improvements & cost reductions TSX:DPM
Krumovgrad Gold Project • Low Cost, High Return Project Strategy • Advance project to a 2014 production date – subject to appeals • Achieve 74,000 ounces of annual gold production • Seek opportunities to further increase recoveries • Evaluate other exploration opportunities within existing licenses * As per NI 43-101 technical report filed on SEDAR January 13, 2012 TSX:DPM
Forecast Significant Growth Over Next Three Years • Growing Pipeline of Development Opportunities Gold Production (000 oz) Pyrite Stream Krumovgrad Deno Chelopech Source: Cormark Securities, July 26, 2012 TSX:DPM
Partially Owned Exploration Investments • Source of Additional Value & Growth *AVZ and DNV are consolidated TSX:DPM
Compelling Investment Opportunity Solid operating assets with overall cost profile Growing pipeline of development/investment opportunities Significant cash flow and capital available to fund growth Strong balance sheet Proven Management and Board Attractive Value Proposition Underground at Chelopech Namibia Custom Smelter Entrance to Deno Gold Mine Krumovgrad TSX:DPM
Dundee Precious Metals Dundee Place 1 Adelaide St. East Suite 500 Toronto, ON, M5C 2V9 www.dundeeprecious.com The Toronto Stock Exchange DPM – Common Shares DPM.WT.A – 2015 Warrants