This presentation provides an overview of Dundee Precious Metals' assets and growth strategy. It discusses the company's portfolio of producing mines in Bulgaria, Armenia, and Namibia, as well as its development project in Bulgaria. It highlights the company's goal of becoming a premier, low-cost gold producer through optimizing existing assets, developing new projects, and pursuing accretive acquisitions while maintaining a strong balance sheet. Finally, it summarizes the company's track record of production growth and declining costs.
Dundee Precious Metals is building a premier, low-cost gold producer with diversified operating assets. It currently operates mines in Bulgaria, Armenia, and Namibia's Tsumeb smelter. The presentation outlines its goal to grow production from assets while maintaining strong financial position and low costs. Recent projects include expanding the Chelopech mine and implementing a pyrite recovery circuit. The Tsumeb smelter upgrades will allow processing of more complex concentrates and increased revenue.
The document discusses Dundee Precious Metals' goal of building a mid-tier, low-cost precious metals producer. It provides an overview of DPM's global portfolio of operating and development assets. DPM achieved record production in 2012 at decreasing cash costs. The company is focused on organic growth through projects at existing assets to create value in 2013 and beyond, while maintaining a solid financial position.
Bmo capital annual global metals and mining conferenceCompany Spotlight
Dundee Precious Metals is building a portfolio of gold assets to become a premier intermediate gold producer. It currently operates mines in Bulgaria, Armenia, and a smelter in Namibia, and is developing the Krumovgrad gold project in Bulgaria. The presentation discusses DPM's operating assets, financial position, strategy of growing through development and acquisition while maintaining a strong balance sheet, and opportunities to increase production at its existing mines.
2014 prospectors and developers association of canada conference, torontoCompany Spotlight
This presentation provides an overview of Dundee Precious Metals and its portfolio of mining assets. DPM is building a portfolio of low-cost gold and other metal producing mines and is developing the Krumovgrad gold project in Bulgaria, with production projected to begin in 2016-2017. DPM's existing operations include mines in Bulgaria, Armenia and a smelter in Namibia. The presentation discusses DPM's strategy, its diversified asset portfolio, operating track record of low costs, and opportunities to expand production at its mines and smelter capacity.
Detour Gold Corporation presented information on its Detour Lake gold mine in Ontario, Canada. Key points included:
- Detour Lake is a large, long-life open pit gold mine with 15.6 million ounces of reserves and a planned mine life of over 20 years.
- The mine reached commercial production in August 2013 and is ramping up towards its target throughput of over 200,000 tonnes per day by the end of the year.
- Detour Gold's strategy is focused on profitability through operational execution and cost reductions to generate positive cash flow and provide returns to shareholders.
This document provides information about Detour Gold Corporation and its Detour Lake gold mine in Ontario, Canada. Some key points:
- Detour Lake is Detour Gold's sole asset, a large open-pit gold mine with proven and probable reserves of 15.6 million ounces.
- The mine reached commercial production in August 2013 and is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold plans to increase throughput to over 200,000 tonnes per day by year-end and expand production further through exploration and mine plan optimization.
- The document discusses Detour Gold's progress in 2013 and outlines plans to continue ramping up operations, lower costs, generate free cash
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer through optimizing existing high quality assets, growing organically, and maintaining a strong financial position. The company's assets include the Chelopech mine in Bulgaria, which is a low cost, long life gold and copper producer undergoing expansion. The Pyrite Project there aims to increase gold recoveries to 90% by installing a new flotation circuit. Dundee also operates the Kapan mine in Armenia and the Tsumeb smelter in Namibia, which it is upgrading to process more complex third party concentrate and expand capacity.
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer. It has optimized its existing operating assets which has led to a 70% increase in gold production and 105% increase in copper production over four years. The company aims to further grow production and extend mine lives, upgrade its smelting operations in Namibia, and develop the Krumovgrad gold project in Bulgaria. Dundee Precious Metals believes it offers compelling value given its strong assets, diversification, and growth opportunities that are not reflected in its current share price.
Dundee Precious Metals is building a premier, low-cost gold producer with diversified operating assets. It currently operates mines in Bulgaria, Armenia, and Namibia's Tsumeb smelter. The presentation outlines its goal to grow production from assets while maintaining strong financial position and low costs. Recent projects include expanding the Chelopech mine and implementing a pyrite recovery circuit. The Tsumeb smelter upgrades will allow processing of more complex concentrates and increased revenue.
The document discusses Dundee Precious Metals' goal of building a mid-tier, low-cost precious metals producer. It provides an overview of DPM's global portfolio of operating and development assets. DPM achieved record production in 2012 at decreasing cash costs. The company is focused on organic growth through projects at existing assets to create value in 2013 and beyond, while maintaining a solid financial position.
Bmo capital annual global metals and mining conferenceCompany Spotlight
Dundee Precious Metals is building a portfolio of gold assets to become a premier intermediate gold producer. It currently operates mines in Bulgaria, Armenia, and a smelter in Namibia, and is developing the Krumovgrad gold project in Bulgaria. The presentation discusses DPM's operating assets, financial position, strategy of growing through development and acquisition while maintaining a strong balance sheet, and opportunities to increase production at its existing mines.
2014 prospectors and developers association of canada conference, torontoCompany Spotlight
This presentation provides an overview of Dundee Precious Metals and its portfolio of mining assets. DPM is building a portfolio of low-cost gold and other metal producing mines and is developing the Krumovgrad gold project in Bulgaria, with production projected to begin in 2016-2017. DPM's existing operations include mines in Bulgaria, Armenia and a smelter in Namibia. The presentation discusses DPM's strategy, its diversified asset portfolio, operating track record of low costs, and opportunities to expand production at its mines and smelter capacity.
Detour Gold Corporation presented information on its Detour Lake gold mine in Ontario, Canada. Key points included:
- Detour Lake is a large, long-life open pit gold mine with 15.6 million ounces of reserves and a planned mine life of over 20 years.
- The mine reached commercial production in August 2013 and is ramping up towards its target throughput of over 200,000 tonnes per day by the end of the year.
- Detour Gold's strategy is focused on profitability through operational execution and cost reductions to generate positive cash flow and provide returns to shareholders.
This document provides information about Detour Gold Corporation and its Detour Lake gold mine in Ontario, Canada. Some key points:
- Detour Lake is Detour Gold's sole asset, a large open-pit gold mine with proven and probable reserves of 15.6 million ounces.
- The mine reached commercial production in August 2013 and is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold plans to increase throughput to over 200,000 tonnes per day by year-end and expand production further through exploration and mine plan optimization.
- The document discusses Detour Gold's progress in 2013 and outlines plans to continue ramping up operations, lower costs, generate free cash
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer through optimizing existing high quality assets, growing organically, and maintaining a strong financial position. The company's assets include the Chelopech mine in Bulgaria, which is a low cost, long life gold and copper producer undergoing expansion. The Pyrite Project there aims to increase gold recoveries to 90% by installing a new flotation circuit. Dundee also operates the Kapan mine in Armenia and the Tsumeb smelter in Namibia, which it is upgrading to process more complex third party concentrate and expand capacity.
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer. It has optimized its existing operating assets which has led to a 70% increase in gold production and 105% increase in copper production over four years. The company aims to further grow production and extend mine lives, upgrade its smelting operations in Namibia, and develop the Krumovgrad gold project in Bulgaria. Dundee Precious Metals believes it offers compelling value given its strong assets, diversification, and growth opportunities that are not reflected in its current share price.
Detour Gold is Canada's next intermediate gold producer with its core asset being the Detour Lake mine in Ontario. The mine began production in early 2013 and is expected to produce between 260,000-320,000 ounces of gold in 2013. Detour Gold plans to optimize operations at Detour Lake and pursue organic growth opportunities to expand reserves beyond 20 million ounces through exploration and potential mine expansions. The company's vision is to become a leading intermediate gold producer and premier investment opportunity.
RBC Global Mining and Materials ConferenceDetourGold
Detour Gold is Canada's next intermediate gold producer focused on its core Detour Lake mine in Ontario. The document provides an overview of Detour Gold's operations including: commercial production starting in 2013 with 260,000-320,000 ounces of gold expected for the year; 15.6 million ounces of gold reserves at Detour Lake mine with a mine life of 21.5 years; and opportunities for organic growth through exploration and expanding reserves beyond 20 million ounces. Detour Gold aims to become a leading intermediate gold producer through safe and disciplined operations, reserve growth, and value creation for shareholders.
- Detour Gold is Canada's next intermediate gold producer, with its core asset being the Detour Lake mine in Ontario.
- Commercial production at Detour Lake started in Q1 2013, with gold production guidance of 260,000-320,000 ounces for the year.
- The mine has mineral reserves of 15.6 million ounces of gold and potential for organic growth through exploration and expansion.
Detour Gold Corporation provides an overview of its Detour Lake gold mine in Ontario, Canada. The mine has proven and probable gold reserves of 15.6 million ounces and an expected mine life of over 21 years. In its first year of operation in 2013, the mine produced 232,287 ounces of gold. For 2014, the company provides production guidance of 450,000-500,000 ounces and total cash costs of $800-900 per ounce. The company also discusses opportunities to increase throughput rates and production beyond 2014 through optimization efforts and organic growth projects on its large land package.
The document provides information about Lake Shore Gold Corp., including:
1) Lake Shore Gold had record gold production of 185,600 ounces in 2014, exceeding guidance of 160,000-180,000 ounces.
2) The company achieved low unit costs in 2014, with total cash costs of US$595/oz and all-in sustaining costs of US$875/oz, better than guidance.
3) The company increased its cash position from $34 million to $60 million in 2014 through free cash flow, while also repaying $45 million in debt.
Lake Shore Gold Corp. is a low-cost Canadian gold producer that is meeting and beating key operating targets in 2014. The company is generating free cash flow through low-cost production at its two operating mines, Timmins West and Bell Creek, and is poised for continued growth from its highly leveraged portfolio of exploration and development projects in the Timmins gold camp. Lake Shore Gold presents an attractive investment opportunity with valuation upside given its strong cost performance, growing production profile, and organic growth potential.
Donlin Gold is a large-scale gold project located in Alaska that is a joint venture between NOVAGOLD (50%) and Barrick Gold (50%). The project is expected to be one of the largest gold mines in the world, with an estimated 27-year mine life and average annual production of over 1 million ounces of gold per year during its first five full years of operation. Donlin Gold has significant exploration potential along an 8km mineralized trend and its high-grade ore of 2.24 g/t is double the industry average grade of 1.12 g/t. The project's economics are highly sensitive to gold price, with its after-tax NPV increasing over 20 times from $6.
Major European Gold Producer
- Orvana is a multi-mine gold and copper producer with operations in Spain and Bolivia, as well as development projects.
- Key assets include the El Valle-Boinás/Carlés mines in Spain and the Don Mario mine in Bolivia.
- The company is focused on organic growth through exploration at its existing mines and pursuing growth opportunities, particularly in Europe.
Lake Shore Gold Corp. is a low-cost Canadian gold producer that is meeting or beating its key operating targets in 2014. It is generating free cash flow and building financial strength from its two producing mines in the Timmins gold camp in Ontario. Lake Shore Gold is poised for continued production growth and has a favourable risk profile due to its location in the prolific Timmins gold region. The company presents an attractive investment opportunity with potential for increased valuation.
This corporate presentation from Seabridge Gold provides an overview of the company and its key projects. Seabridge owns 100% of the KSM project in British Columbia, which contains the largest undeveloped gold and copper reserves in the world. It also owns the Courageous Lake gold project in the Northwest Territories. The presentation highlights the large reserves and favorable economics at KSM based on preliminary feasibility studies, as well as the additional exploration potential from recent discoveries. It also discusses Seabridge's low valuation and risk profile compared to peers given that its projects are located entirely in politically stable Canada.
Stornoway Diamond Presentation at the Precious Metals Summit Beaver Creek, CO...Stornoway Diamonds
1) Stornoway Diamond Corporation is developing Québec's first diamond mine, the Renard Project, located in northern Québec.
2) The Renard Project has secured full financing of $946 million to fund construction and operations through first production, expected in late 2016.
3) Renard is forecast to have an 11-year mine life based on current reserves, with potential to significantly increase the mine life by including additional resources still being defined.
The document provides an overview of Claude Resources Inc.'s annual general meeting, including highlights from 2012 such as a net profit of $5.6 million and cash costs per ounce of $997. It also summarizes the company's operations and projects, including the Seabee Gold Operation, Santoy Gap, Amisk Gold Project, and Madsen Gold Project. The company has three Canadian gold assets and over 20 years of operating experience.
The document provides an overview of Agnico Eagle Mines' (AEM) LaRonde mine tour scheduled for November 22, 2013. It begins with forward-looking statements and notes about non-GAAP financial measures and production guidance. It then outlines an agenda for the tour that includes an introduction to AEM, the Abitibi mining belt, the history and infrastructure of the LaRonde mine, its mining methods and challenges, and visits to the LaRonde, Lapa, and Goldex mines.
2014 prospectors and developers association of canada conference, torontoCompany Spotlight
This presentation provides an overview of Dundee Precious Metals and its portfolio of mining assets. DPM is building a portfolio of low-cost gold and other metal producing mines and is developing the Krumovgrad gold project in Bulgaria, with production projected to begin in 2016-2017. DPM's existing operations include mines in Bulgaria, Armenia and a smelter in Namibia. The presentation discusses DPM's strategy, its diversified asset portfolio, operating track record of low costs, and opportunities to expand production at its mines and smelter capacity.
Dundee Precious Metals is building a mid-tier, low-cost precious metals producer with operating assets in Bulgaria, Armenia, and Namibia. In 2012, the company achieved record gold production at decreasing cash costs. Key priorities include organic growth through projects like the Chelopech Pyrite Project and Kapan expansion, as well as greenfield and brownfield exploration to increase reserves. Dundee aims to maintain a strong financial position while focusing on increasing production and reducing costs across its portfolio of assets.
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer through optimizing existing assets, growing organically, and pursuing value-adding acquisitions. It has diversified high-quality assets including the Chelopech mine, Kapan mine, planned Krumovgrad project, and unique Tsumeb smelter. The company aims to increase production and extend mine lives while reducing costs, and has a pipeline of growth opportunities. Trading at a significant discount to peers, Dundee Precious Metals offers compelling value as it increases production and cash flow over the next few years.
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer. It currently has high quality operating assets in Bulgaria, Namibia, and Armenia, with further growth potential. These include the Chelopech mine, Tsumeb smelter, and Kapan mine. The company is also advancing the Krumovgrad gold project and has a pipeline of exploration opportunities. Dundee Precious Metals believes it offers compelling value given its strong assets, growth opportunities, and low enterprise value compared to peers.
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer through optimizing existing high quality assets, growing production and extending mine lives, and developing projects like the Krumovgrad gold project. The company has diversified operations in Bulgaria, Namibia, Armenia and is exploring properties in Serbia. Dundee Precious Metals is trading at a significant discount to peers based on estimated future cash flows and asset values. The company represents a compelling investment opportunity with a strong portfolio of operating and development assets capable of delivering substantial production and cash flow growth over the next several years.
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer through optimizing existing high quality assets, growing organically, and maintaining a strong financial position. The company's assets include the Chelopech mine in Bulgaria, which is a low cost, long life gold and copper producer undergoing expansion. The Pyrite Project there aims to increase gold recoveries to 90% by installing a new flotation circuit. Dundee also operates the Kapan mine in Armenia and the Tsumeb smelter in Namibia, which it is upgrading to process more complex third party concentrate and expand capacity.
Dundee Precious Metals Investor Presentation November 2013Company Spotlight
Dundee Precious Metals is a Toronto-listed gold producer celebrating 30 years on the exchange. It operates mines in Bulgaria, Armenia, and Namibia and is optimizing its assets to increase production and reduce costs. It is also developing the Krumovgrad gold project in Bulgaria and upgrading its Tsumeb smelter in Namibia. Dundee has a strong financial position and management team focused on building the company into a premier intermediate low-cost gold producer through organic growth of its existing assets and potential acquisitions.
Dundee Precious Metals Investor Presentation August 2013Company Spotlight
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer. It has high quality operating assets with proven performance and potential for further growth. These include the Chelopech mine in Bulgaria, the Kapan mine in Armenia, and the Tsumeb smelter in Namibia. The company also has a pipeline of organic growth projects like the Krumovgrad gold project in Bulgaria and exploration programs. Dundee Precious Metals aims to optimize its existing assets, grow production, lower costs, and carry out value-adding projects to increase earnings and cash flow over the long term.
This document provides an overview of Dundee Precious Metals and its strategy to become a premier, low-cost gold producer. It summarizes DPM's global portfolio of operating and development assets in Bulgaria, Armenia, and Namibia. It also highlights DPM's financial position, operational track record of low production costs, and goals to optimize existing operations and advance new growth projects to establish itself as a top tier gold company.
Detour Gold is Canada's next intermediate gold producer with its core asset being the Detour Lake mine in Ontario. The mine began production in early 2013 and is expected to produce between 260,000-320,000 ounces of gold in 2013. Detour Gold plans to optimize operations at Detour Lake and pursue organic growth opportunities to expand reserves beyond 20 million ounces through exploration and potential mine expansions. The company's vision is to become a leading intermediate gold producer and premier investment opportunity.
RBC Global Mining and Materials ConferenceDetourGold
Detour Gold is Canada's next intermediate gold producer focused on its core Detour Lake mine in Ontario. The document provides an overview of Detour Gold's operations including: commercial production starting in 2013 with 260,000-320,000 ounces of gold expected for the year; 15.6 million ounces of gold reserves at Detour Lake mine with a mine life of 21.5 years; and opportunities for organic growth through exploration and expanding reserves beyond 20 million ounces. Detour Gold aims to become a leading intermediate gold producer through safe and disciplined operations, reserve growth, and value creation for shareholders.
- Detour Gold is Canada's next intermediate gold producer, with its core asset being the Detour Lake mine in Ontario.
- Commercial production at Detour Lake started in Q1 2013, with gold production guidance of 260,000-320,000 ounces for the year.
- The mine has mineral reserves of 15.6 million ounces of gold and potential for organic growth through exploration and expansion.
Detour Gold Corporation provides an overview of its Detour Lake gold mine in Ontario, Canada. The mine has proven and probable gold reserves of 15.6 million ounces and an expected mine life of over 21 years. In its first year of operation in 2013, the mine produced 232,287 ounces of gold. For 2014, the company provides production guidance of 450,000-500,000 ounces and total cash costs of $800-900 per ounce. The company also discusses opportunities to increase throughput rates and production beyond 2014 through optimization efforts and organic growth projects on its large land package.
The document provides information about Lake Shore Gold Corp., including:
1) Lake Shore Gold had record gold production of 185,600 ounces in 2014, exceeding guidance of 160,000-180,000 ounces.
2) The company achieved low unit costs in 2014, with total cash costs of US$595/oz and all-in sustaining costs of US$875/oz, better than guidance.
3) The company increased its cash position from $34 million to $60 million in 2014 through free cash flow, while also repaying $45 million in debt.
Lake Shore Gold Corp. is a low-cost Canadian gold producer that is meeting and beating key operating targets in 2014. The company is generating free cash flow through low-cost production at its two operating mines, Timmins West and Bell Creek, and is poised for continued growth from its highly leveraged portfolio of exploration and development projects in the Timmins gold camp. Lake Shore Gold presents an attractive investment opportunity with valuation upside given its strong cost performance, growing production profile, and organic growth potential.
Donlin Gold is a large-scale gold project located in Alaska that is a joint venture between NOVAGOLD (50%) and Barrick Gold (50%). The project is expected to be one of the largest gold mines in the world, with an estimated 27-year mine life and average annual production of over 1 million ounces of gold per year during its first five full years of operation. Donlin Gold has significant exploration potential along an 8km mineralized trend and its high-grade ore of 2.24 g/t is double the industry average grade of 1.12 g/t. The project's economics are highly sensitive to gold price, with its after-tax NPV increasing over 20 times from $6.
Major European Gold Producer
- Orvana is a multi-mine gold and copper producer with operations in Spain and Bolivia, as well as development projects.
- Key assets include the El Valle-Boinás/Carlés mines in Spain and the Don Mario mine in Bolivia.
- The company is focused on organic growth through exploration at its existing mines and pursuing growth opportunities, particularly in Europe.
Lake Shore Gold Corp. is a low-cost Canadian gold producer that is meeting or beating its key operating targets in 2014. It is generating free cash flow and building financial strength from its two producing mines in the Timmins gold camp in Ontario. Lake Shore Gold is poised for continued production growth and has a favourable risk profile due to its location in the prolific Timmins gold region. The company presents an attractive investment opportunity with potential for increased valuation.
This corporate presentation from Seabridge Gold provides an overview of the company and its key projects. Seabridge owns 100% of the KSM project in British Columbia, which contains the largest undeveloped gold and copper reserves in the world. It also owns the Courageous Lake gold project in the Northwest Territories. The presentation highlights the large reserves and favorable economics at KSM based on preliminary feasibility studies, as well as the additional exploration potential from recent discoveries. It also discusses Seabridge's low valuation and risk profile compared to peers given that its projects are located entirely in politically stable Canada.
Stornoway Diamond Presentation at the Precious Metals Summit Beaver Creek, CO...Stornoway Diamonds
1) Stornoway Diamond Corporation is developing Québec's first diamond mine, the Renard Project, located in northern Québec.
2) The Renard Project has secured full financing of $946 million to fund construction and operations through first production, expected in late 2016.
3) Renard is forecast to have an 11-year mine life based on current reserves, with potential to significantly increase the mine life by including additional resources still being defined.
The document provides an overview of Claude Resources Inc.'s annual general meeting, including highlights from 2012 such as a net profit of $5.6 million and cash costs per ounce of $997. It also summarizes the company's operations and projects, including the Seabee Gold Operation, Santoy Gap, Amisk Gold Project, and Madsen Gold Project. The company has three Canadian gold assets and over 20 years of operating experience.
The document provides an overview of Agnico Eagle Mines' (AEM) LaRonde mine tour scheduled for November 22, 2013. It begins with forward-looking statements and notes about non-GAAP financial measures and production guidance. It then outlines an agenda for the tour that includes an introduction to AEM, the Abitibi mining belt, the history and infrastructure of the LaRonde mine, its mining methods and challenges, and visits to the LaRonde, Lapa, and Goldex mines.
2014 prospectors and developers association of canada conference, torontoCompany Spotlight
This presentation provides an overview of Dundee Precious Metals and its portfolio of mining assets. DPM is building a portfolio of low-cost gold and other metal producing mines and is developing the Krumovgrad gold project in Bulgaria, with production projected to begin in 2016-2017. DPM's existing operations include mines in Bulgaria, Armenia and a smelter in Namibia. The presentation discusses DPM's strategy, its diversified asset portfolio, operating track record of low costs, and opportunities to expand production at its mines and smelter capacity.
Dundee Precious Metals is building a mid-tier, low-cost precious metals producer with operating assets in Bulgaria, Armenia, and Namibia. In 2012, the company achieved record gold production at decreasing cash costs. Key priorities include organic growth through projects like the Chelopech Pyrite Project and Kapan expansion, as well as greenfield and brownfield exploration to increase reserves. Dundee aims to maintain a strong financial position while focusing on increasing production and reducing costs across its portfolio of assets.
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer through optimizing existing assets, growing organically, and pursuing value-adding acquisitions. It has diversified high-quality assets including the Chelopech mine, Kapan mine, planned Krumovgrad project, and unique Tsumeb smelter. The company aims to increase production and extend mine lives while reducing costs, and has a pipeline of growth opportunities. Trading at a significant discount to peers, Dundee Precious Metals offers compelling value as it increases production and cash flow over the next few years.
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer. It currently has high quality operating assets in Bulgaria, Namibia, and Armenia, with further growth potential. These include the Chelopech mine, Tsumeb smelter, and Kapan mine. The company is also advancing the Krumovgrad gold project and has a pipeline of exploration opportunities. Dundee Precious Metals believes it offers compelling value given its strong assets, growth opportunities, and low enterprise value compared to peers.
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer through optimizing existing high quality assets, growing production and extending mine lives, and developing projects like the Krumovgrad gold project. The company has diversified operations in Bulgaria, Namibia, Armenia and is exploring properties in Serbia. Dundee Precious Metals is trading at a significant discount to peers based on estimated future cash flows and asset values. The company represents a compelling investment opportunity with a strong portfolio of operating and development assets capable of delivering substantial production and cash flow growth over the next several years.
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer through optimizing existing high quality assets, growing organically, and maintaining a strong financial position. The company's assets include the Chelopech mine in Bulgaria, which is a low cost, long life gold and copper producer undergoing expansion. The Pyrite Project there aims to increase gold recoveries to 90% by installing a new flotation circuit. Dundee also operates the Kapan mine in Armenia and the Tsumeb smelter in Namibia, which it is upgrading to process more complex third party concentrate and expand capacity.
Dundee Precious Metals Investor Presentation November 2013Company Spotlight
Dundee Precious Metals is a Toronto-listed gold producer celebrating 30 years on the exchange. It operates mines in Bulgaria, Armenia, and Namibia and is optimizing its assets to increase production and reduce costs. It is also developing the Krumovgrad gold project in Bulgaria and upgrading its Tsumeb smelter in Namibia. Dundee has a strong financial position and management team focused on building the company into a premier intermediate low-cost gold producer through organic growth of its existing assets and potential acquisitions.
Dundee Precious Metals Investor Presentation August 2013Company Spotlight
Dundee Precious Metals is building itself into a premier, intermediate, low-cost gold producer. It has high quality operating assets with proven performance and potential for further growth. These include the Chelopech mine in Bulgaria, the Kapan mine in Armenia, and the Tsumeb smelter in Namibia. The company also has a pipeline of organic growth projects like the Krumovgrad gold project in Bulgaria and exploration programs. Dundee Precious Metals aims to optimize its existing assets, grow production, lower costs, and carry out value-adding projects to increase earnings and cash flow over the long term.
This document provides an overview of Dundee Precious Metals and its strategy to become a premier, low-cost gold producer. It summarizes DPM's global portfolio of operating and development assets in Bulgaria, Armenia, and Namibia. It also highlights DPM's financial position, operational track record of low production costs, and goals to optimize existing operations and advance new growth projects to establish itself as a top tier gold company.
This document provides information about Detour Gold Corporation and its Detour Lake gold mine in Ontario, Canada. Some key points:
- Detour Lake is Detour Gold's sole asset, a large open-pit gold mine with proven and probable reserves of 15.6 million ounces.
- The mine reached commercial production in August 2013 and is expected to produce 270,000 ounces of gold in 2013.
- Detour Gold plans to increase throughput to over 200,000 tonnes per day by year-end and expand production further.
- There is potential to grow reserves beyond 20 million ounces through exploration on the large land package and near the existing mine.
This document discusses Detour Gold Corporation's Detour Lake gold mine in Ontario, Canada. It provides an overview of the mine's reserves, production plan, and operational ramp-up in 2013. Detour Lake began production in February 2013 and achieved commercial production in August 2013. The mine is expected to produce over 650,000 ounces of gold per year over its 21.5 year mine life. In the first half of 2013, the mine milled over 3.8 million tonnes of ore and produced over 74,000 ounces of gold. Operations are ramping up with mining rates projected to reach over 200,000 tonnes per day by the end of 2013.
Seabridge Gold presented details on its KSM project in Canada. KSM is one of the largest undeveloped gold and copper projects in the world, with over 44 million ounces of gold reserves and over 10 billion pounds of copper reserves. Seabridge has a low valuation compared to peers due to its large reserves and low share count. It also has low political risk operating in Canada. A preliminary feasibility study showed KSM could produce over 500,000 ounces of gold annually for over 50 years at low costs. Seabridge has worked to earn its social license by gaining support of local First Nations and communities.
Corporate presentation february2015-masterAdam Martin
The document provides an overview of Seabridge Gold Corporation and its projects. It begins with forward-looking statements and disclosures regarding the differences between Canadian and US standards for reporting reserves and resources. It then highlights Seabridge's large gold and copper reserves at its KSM project in Canada, noting it is the world's largest undeveloped gold-copper project by reserves. The preliminary feasibility study projects a 50+ year mine plan at KSM with average annual production of over 500,000 ounces of gold and 100 million pounds of copper at low operating and total costs. Environmental approval for KSM has been received from both British Columbia and Canada. The document also notes the discovery of additional high-grade copper and gold resources at
Seabridge Gold presented details on its corporate strategy and flagship KSM gold-copper project. Key points include:
- KSM is one of the largest undeveloped gold and copper projects in the world based on reserves. It is located in mining-friendly British Columbia, Canada.
- Seabridge has a large gold reserve base of over 44 million ounces but has maintained low share dilution through the years. This gives it a very attractive valuation of only $7 per ounce of reserves.
- Operating in Canada provides low political risk compared to other mining jurisdictions. Seabridge has worked to gain support of local First Nations for the KSM project.
Seabridge Gold is a Canadian gold mining company that owns several projects in North America. Its flagship project is the KSM project in British Columbia, which hosts the world's largest undeveloped gold and copper reserves. The KSM project has received environmental approval and Seabridge is working to conclude agreements with local First Nations. Exploration success has led to a new discovery at KSM called Deep Kerr, which hosts significant inferred resources with higher copper grades than the average at KSM and favorable compared to other major deposits. Seabridge aims to develop KSM into a large, long-life mining operation.
Seabridge Gold owns several large gold and copper projects in Canada including KSM and Courageous Lake. KSM is one of the largest undeveloped gold and copper projects in the world based on reserves. A preliminary feasibility study showed KSM could produce over 500,000 ounces of gold annually for over 50 years at low costs. Courageous Lake is Canada's second largest undeveloped gold reserve and has potential for open pit mining at over twice the grade of some other Canadian projects. Seabridge continues to explore and advance permitting for these projects located in mining-friendly Canada.
Seabridge Gold owns several large gold and copper projects in Canada including KSM and Courageous Lake. KSM is among the largest undeveloped gold and copper projects globally by reserves. A preliminary feasibility study shows KSM could produce over 500,000 ounces of gold annually for over 50 years at low costs. Courageous Lake also has over 6 million ounces of gold reserves and could be a low-cost producer. Seabridge trades at a low valuation compared to peers and has potential for further discoveries and reserve growth through exploration.
Seabridge Gold is a Canadian gold mining company that owns several projects in North America. Its flagship project is the KSM project in British Columbia, which hosts the world's largest undeveloped gold and copper reserves. The KSM project is located in a mining-friendly jurisdiction and has received support from local First Nations. Seabridge recently discovered additional high-grade copper and gold mineralization at its Deep Kerr zone, located within the KSM property. Seabridge trades at a low valuation compared to peers given its large reserves and exploration upside potential from further discoveries at KSM and other projects.
The document provides an overview of Seabridge Gold Corporation and its key project, the KSM gold and copper mine in British Columbia, Canada. It summarizes that KSM is one of the largest undeveloped gold and copper reserves in the world, located in a mining-friendly jurisdiction with favorable logistics. A preliminary feasibility study outlines a large, long-life mine plan with strong economics. Seabridge has also earned social acceptance through agreements with local First Nations and support for employment and training. Recent drilling has discovered the Deep Kerr zone below the main deposit, containing over 2.5 times the average KSM copper grade.
Seabridge Gold presents information on its projects and investment opportunity. The company's flagship project is the KSM project in British Columbia, Canada, which has reserves ranking it among the world's top ten gold companies. KSM has estimated reserves of 38.2 million ounces of gold and 10 billion pounds of copper. Seabridge also has a low valuation and low share dilution compared to peers. In addition, the company recently discovered higher grade resources at its Deep Kerr deposit, located at KSM, which could significantly improve the project economics. Seabridge emphasizes that its projects are located in mining-friendly Canada which presents low political risk.
Presentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 YearsCompany Spotlight
The document summarizes Cypress Development Corp's Clayton Valley lithium project in Nevada. Key points include:
- A Preliminary Economic Assessment shows promising economics including a 32.7% IRR and $1.45 billion NPV.
- Measured and indicated resources total 8.9 million tonnes LCE with additional inferred resources.
- The project has the potential for low-cost production due to favorable geology and metallurgy.
- Upcoming catalysts in 2019 include a metallurgical study and prefeasibility study to further de-risk the project.
Aben Resources has made a new high-grade gold discovery at its flagship Forrest Kerr project in BC's Golden Triangle region. The region is known for major gold deposits and saw $100 million in exploration spending in 2017. Recent improvements have made the Forrest Kerr project more accessible via new roads. Aben's technical team has reinterpreted historical data and identified additional exploration targets. The project covers over 23,000 hectares of prospective geology along the Forrest Kerr fault zone that is similar to other major deposits in the Golden Triangle.
Aben Resources has discovered high-grade gold zones at its Forrest Kerr project in British Columbia's Golden Triangle. The first hole of the 2018 drill program intersected four separate high-grade gold zones within 190 metres, including 331.0 g/t Au over 1.0 metre. Aben plans to expand drilling at the Boundary North Zone and test other gold anomalies identified through soil sampling. The company also holds the Justin project in Yukon and Chico project in Saskatchewan near recent discoveries.
Cypress Development Corp. owns lithium claims in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. A preliminary economic assessment found the project could have a 32.7% IRR and $1.45 billion NPV. The project would extract lithium from claystone using leaching and have average annual production of 24,042 tonnes of lithium carbonate over 40 years. Capital costs are estimated at $482 million to build a 15,000 tonne per day operation.
The document discusses Aben Resources Ltd., a gold exploration company with projects in British Columbia's Golden Triangle region and other areas of Western Canada. It provides an overview of Aben's management team and directors, flagship Forrest Kerr project, recent drilling results showing new high-grade gold discoveries, and its strategy to advance exploration through 2018. The document also briefly outlines Aben's other projects including the Chico gold project in Saskatchewan and Justin gold project in Yukon.
Cypress Development Corp. owns the Clayton Valley lithium project in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging 921 ppm Li over 77 meters thick. A maiden resource estimate calculated 3.287 million tonnes of lithium carbonate equivalent in the indicated category and 2.916 million tonnes LCE in inferred. Metallurgical tests show the claystone is acid leachable and able to recover over 80% of the lithium. Cypress plans additional drilling, engineering studies, and permitting to advance the project towards production.
- Aben Resources has three highly prospective gold projects in Western Canada including its flagship Forrest Kerr Project in BC's Golden Triangle region, which had recent drilling success expanding the Boundary North Zone.
- Management has over 100 years of combined experience in Western Canada and a proven track record of success.
- The projects have significant historic work identifying high-grade gold and robust discovery potential remains.
Cypress Development Corp. owns the Clayton Valley lithium project in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging 921 ppm Li over 77 meters. A maiden resource estimate classified over 1.3 million tonnes of lithium carbonate equivalent as indicated and inferred. Metallurgical testing shows the claystone is leachable with over 80% lithium recovery. Cypress aims to advance the project with engineering studies and further drilling to define resources with the goal of becoming a domestic lithium producer for the growing battery market.
The document provides forward-looking statements and discusses risks associated with such statements. It notes that some statements may be deemed forward-looking and lists factors that could cause actual results to differ from forward-looking statements. The document also identifies the qualified person for the technical information as Cornell McDowell and provides Aben's trading symbols and recent share information.
The document provides an overview of Aben Resources Ltd., a mineral exploration company with gold projects in Western Canada. It summarizes Aben's three key projects - Forrest Kerr in BC's Golden Triangle region with recent drill results discovering the Boundary Zone, Chico in Saskatchewan near producing mines, and Justin in Yukon's White Gold district. It outlines the management team's expertise and provides company details like shares outstanding and trading symbols.
- Cypress Development Corp owns the Clayton Valley lithium project in Nevada located near Albemarle's Silver Peak lithium brine operation.
- Drilling in 2017 encountered lithium mineralization averaging 921 ppm Li over 77 meters in 14 holes drilled.
- Metallurgical tests show the claystone is acid leachable with over 80% lithium extraction possible.
- Cypress aims to define a resource estimate in 2018 and advance the project with feasibility studies to develop a lithium operation.
The document discusses forward-looking statements and provides disclaimers about them. It introduces the qualified person for the technical information presented. It also lists Aben's trading symbols and recent share information including price and market capitalization.
1) Cypress Development Corp owns the Clayton Valley lithium project located next to Albemarle's Silver Peak mine in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging over 900 ppm Li to a depth of over 100 meters.
2) A maiden resource estimate classified over 1.5 million tonnes of lithium carbonate equivalent as indicated and inferred. Metallurgical testing shows the claystone is acid leachable to extract over 80% of the lithium.
3) The project is located in a strategic location to supply the growing lithium-ion battery market in the US, with lithium demand accelerating due to the increased production of electric vehicles globally.
TerraX Minerals is a Canadian mineral exploration company focused on exploring and developing its 100% owned 772 square km Yellowknife City Gold project located adjacent to the city of Yellowknife, Northwest Territories. The project covers high-grade Archean gold districts and has had multiple high-grade gold discoveries. TerraX has a strong management team with experience discovering and developing gold deposits and low exploration costs due to the project's excellent infrastructure and year-round access near Yellowknife.
This document discusses forward-looking statements and provides information about Aben Resources Ltd., including its stock symbols, shares outstanding, recent share price, market capitalization, and three gold exploration projects in Western Canada. It summarizes the management team's experience and the company's investment highlights. Specifically, it owns the Forrest Kerr gold project in British Columbia's Golden Triangle region, which saw successful drilling results in 2017 that led to a new discovery called the North Boundary zone.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. Drilling in 2017 encountered lithium mineralization averaging 921 ppm Li over 77 meters in 14 holes. Metallurgical tests show the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, process engineering, and a preliminary economic assessment in 2018 to advance the project. The company sees potential for the project given growing lithium demand from electric vehicles and batteries.
TerraX Minerals is a Canadian mineral exploration company focused on exploring its 100% owned 772 square km Yellowknife City Gold project located near Yellowknife, Northwest Territories. The project covers high-grade Archean gold districts with known deposits and past producers. TerraX has made multiple high-grade gold discoveries on the property and identified several high-priority targets for further exploration and drilling. The company has a strong management team with experience discovering and developing deposits in the region.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada that have the potential to be a significant lithium resource. Drilling in 2017 encountered mineralization averaging 921 ppm lithium over 77 meters thick in 14 drill holes. Metallurgical testing shows the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, metallurgical testing, and a preliminary economic assessment in 2018 to further define the resource potential.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. Drilling in 2017 encountered mineralization averaging 921 ppm lithium over 77 meters thick in 14 drill holes. Metallurgical tests show the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, metallurgical testing, and a preliminary economic assessment in 2018 to evaluate the project's potential.
Cypress Development Corp is exploring for lithium resources in Clayton Valley, Nevada. Recent drilling has encountered lithium-bearing claystone up to 112 meters below surface, with grades averaging over 800 ppm lithium. Metallurgical testing indicates 80% of the lithium can be extracted using a weak sulfuric acid solution. Cypress plans additional drilling in 2018 and expects to publish a initial lithium resource estimate in Q1 2018 to advance the project towards a preliminary economic assessment. The project is located near existing lithium production and infrastructure to be a potential new supply of lithium for the growing battery market.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Call8328958814 satta matka Kalyan result satta guessing➑➌➋➑➒➎➑➑➊➍
Satta Matka Kalyan Main Mumbai Fastest Results
Satta Matka ❋ Sattamatka ❋ New Mumbai Ratan Satta Matka ❋ Fast Matka ❋ Milan Market ❋ Kalyan Matka Results ❋ Satta Game ❋ Matka Game ❋ Satta Matka ❋ Kalyan Satta Matka ❋ Mumbai Main ❋ Online Matka Results ❋ Satta Matka Tips ❋ Milan Chart ❋ Satta Matka Boss❋ New Star Day ❋ Satta King ❋ Live Satta Matka Results ❋ Satta Matka Company ❋ Indian Matka ❋ Satta Matka 143❋ Kalyan Night Matka..
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Final ank Satta Matka Dpbos Final ank Satta Matta Matka 143 Kalyan Matka Guessing Final Matka Final ank Today Matka 420 Satta Batta Satta 143 Kalyan Chart Main Bazar Chart vip Matka Guessing Dpboss 143 Guessing Kalyan night
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
Top 10 Free Accounting and Bookkeeping Apps for Small BusinessesYourLegal Accounting
Maintaining a proper record of your money is important for any business whether it is small or large. It helps you stay one step ahead in the financial race and be aware of your earnings and any tax obligations.
However, managing finances without an entire accounting staff can be challenging for small businesses.
Accounting apps can help with that! They resemble your private money manager.
They organize all of your transactions automatically as soon as you link them to your corporate bank account. Additionally, they are compatible with your phone, allowing you to monitor your finances from anywhere. Cool, right?
Thus, we’ll be looking at several fantastic accounting apps in this blog that will help you develop your business and save time.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Profiles of Iconic Fashion Personalities.pdfTTop Threads
The fashion industry is dynamic and ever-changing, continuously sculpted by trailblazing visionaries who challenge norms and redefine beauty. This document delves into the profiles of some of the most iconic fashion personalities whose impact has left a lasting impression on the industry. From timeless designers to modern-day influencers, each individual has uniquely woven their thread into the rich fabric of fashion history, contributing to its ongoing evolution.
1. INVESTOR PRESENTATION
CIBC 17th ANNUAL WHISTLER INSTITUTIONAL INVESTOR CONFERENCE
JANUARY 22-25, 2014
DUNDEE PRECIOUS METALS
BUILDING A PREMIER,
INTERMEDIATE, LOW-COST
GOLD PRODUCER
2. 2
This presentation contains “forward-looking information” or "forward-looking statements" that involve a number of risks and
uncertainties. Forward-looking information and forward-looking statements include, but are not limited to, statements with respect to
the future prices of gold and other metals, the estimation of mineral reserves and resources, the realization of mineral estimates, the
timing and amount of estimated future production and output, costs of production, capital expenditures, costs and timing of the
development of new deposits, success of exploration activities, permitting time lines, currency fluctuations, requirements for additional
capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims,
limitations on insurance coverage and timing and possible outcome of pending litigation. Often, but not always, forward-looking
statements can be identified by the use of words such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes”, or variations of such words and phrases or state
that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking
statements are based on the opinions and estimates of management as of the date such statements are made, and they involve
known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the
Company to be materially different from any other future results, performance or achievements expressed or implied by the forward-
looking statements. Such factors include, among others: the actual results of current exploration activities; actual results of current
reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future
prices of gold; possible variations in ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities, fluctuations in metal prices, as well as those risk factors discussed or referred to
in this presentation under and in the Company’s annual information form under the heading "Risk Factors" and other documents filed
from time to time with the securities regulatory authorities in all provinces and territories of Canada and available at www.sedar.com.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be
anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to
place undue reliance on forward-looking statements.
FORWARD LOOKING STATEMENTS
3. Dundee Precious Metals
Solid
Financial Position
Commodity and
Geographic
Diversification
High Quality
Assets
with Further
Potential
Experienced
Management Team
and Board with
Strong Track
Record
Pipeline of Organic
Growth
Opportunities
3
INVESTMENT SUMMARY
4. Dundee Precious Metals
Krumovgrad 100%
Chelopech 100%
Kapan 100%
Dundee Precious Metals
Sabina 12% Avala 53%
Dunav 46%
DPM’S GLOBAL PORTFOLIO OF ASSETS
4
Tsumeb Smelter 100%
Note: M&I resources are presented inclusive of reserves
(1) Chelopech reserves & resources are as at Dec. 31, 2012; Krumovgrad reserves & resources are as at Jan. 11, 2012; Kapan resources are as at Aug. 29, 2013
Operating assets
Development assets
Exploration assets
Chelopech Mine, Bulgaria Kapan Mine, ArmeniaKrumovgrad, Bulgaria
Tsumeb Smelter, Namibia
• Ownership: 100%
• Technology: Ausmelt
• Product: Copper blister bars
• 2012 Concentrate Smelted: 159,356 tonnes of concentrate
• 2013E Concentrate Smelted: 155,000 tpy – 162,000 tpy
• Smelter Complex Concentrate Capacity:
240,000 tpy with potential to increase to 320,000 tpy
• Ownership: 100%
• Stage: Feasibility
• Startup: 2016
• Mine life: 9 years
• Avg. Production: 74koz Au; 35koz Ag
• Reserves(1): 0.78Moz Au; 0.45Moz Ag
• M&I Resources(1): 0.90Moz Au; 0.51Moz Ag
• Inferred Resources(1): 0.02Moz Au; 0.01Moz Ag
• Ownership: 100%
• Stage: Producing
• Mine Life: 10+ years
• 2012 production: 121koz Au; 43Mlbs Cu
• Reserves(1): 2.5Moz Au; 5.4Moz Ag; 519Mlbs Cu
• M&I Resources(1): 3.8Moz Au; 8.8Moz Ag; 825Mlbs Cu
• Inferred Resources(1): 0.9Moz Au; 3.2Moz Ag; 182Mlbs Cu
• Ownership: 100%
• Stage: Producing
• 2012 production: 22koz Au; 449koz Ag; 2Mlbs Cu;
15Mlbs Zn
• M&I Resources(1): 0.24Moz Au; 4.5Moz Ag; 25Mlbs Cu;
130Mlbs Zn
• Inferred Resources(1): 0.79Moz Au; 14.0Moz Ag;
93Mlbs Cu; 397Mlbs Zn
• Conceptual study on UG expansion pending
5. COMMITTED TO MAINTAINING A SOLID
FINANCIAL POSITION
Dundee Precious Metals
Share Price C$3.89
Shares Outstanding 139M
Market Capitalization C$541M
Fully diluted shares
Additional cash on dilution
146M
C$25M
52 week low - high C$2.495 - $9.18
Adjusted EBITDA by Revenue Stream
Gold
Copper
Other
Smelter
Dundee Corporation 25%
Norges Bank Investment Management 4%
$200M
Cash and Credit
including:
$150M undrawn revolving credit facility
~$50M in Cash and Short-term
Investments
@ September 30, 2013
$85M
Year-to-Date Annualized
2013 Operating
Cash Flow
$73.9M
Debt
@ September 30, 2013
Total Debt : Total Capital
= 9%
Capital Structure @ January 20, 2014
Top Shareholders
2012A
Based on current metals prices, excludes G&A and Exploration
2017E
5
6. Dundee Precious Metals
CORPORATE VISION / STRATEGY
• Build DPM into a premier, international, intermediate,
low-cost gold producer
• Optimize value of existing operating assets
– Increase mine production and extend LOM
– Upgrade/expand smelter and establish long-term
contracts that provide a stable return
• Grow the business beyond existing operating assets
– Develop Krumovgrad Gold Project
– Establish deep pipeline of greenfield exploration
opportunities
– Complete acquisitions that offer accretive growth,
diversity and gold exposure, while maintaining a
conservative capital structure
• Sustain low quartile operating cost positions
• Maintain a strong balance sheet with ample liquidity
and solid credit metrics
6
7. Dundee Precious Metals
DIVERSE PORTFOLIO OF ASSETS IN
ATTRACTIVE JURISDICTIONS
• Producing operations in several jurisdictions with diversification across multiple commodities
– Current revenue split by commodity of 46% gold, 30% copper, 19% smelter, 3% silver and 2% zinc
– Additional diversification through 3rd party smelter contracts
• Operations in Bulgaria, Armenia, Namibia and Serbia, which are politically stable and mining friendly
jurisdictions
Geographic Diversification
(last 12 months revenue)
Commodity Diversification
(last 12 months revenue)
7
8. Dundee Precious Metals
LOW-COST, MID-TIER GOLD PRODUCER
WITH PROVEN OPERATING TRACK RECORD
Production Profile (koz) and Cash Costs Net of By-Products ($/oz)
2013E All-In-Sustaining Costs ($/oz) (1)
(1) Source: Scotia Capital (April 2, 2013)
Note: All-in Sustaining Cash Cost = Total cash costs (by product basis) + sustaining capital + corporate G&A
Average: $987
8
9. Dundee Precious Metals
LOW-COST, MID-TIER GOLD PRODUCER
WITH PROVEN OPERATING TRACK RECORD
Targeted Production Growth
• Low gold cost per ounce drives strong EBITDA margins
– Produced gold at a cash cost of ~$117 per ounce (net of by-product credits) in 2012
– Lowest quartile cash costs
Gold
(koz)
Copper
(Mlbs)
Smelted
Con. (kt)
155%
22%
101%
9
10. Dundee Precious Metals
Au equivalent oz produced (koz) Revenue (US$M)
Adjusted EBITDA (US$M)(1) Cash cost, net of by-product credit ($/oz)(2)
Source: Company filings
Note: Au equivalent oz produced calculated using averaged realized prices of gold, silver, copper and zinc as disclosed by DPM. Production represents metals contained in concentrate produced
(1) “EBITDA” represents adjusted EBITDA, calculated as EBIT plus D&A, finance costs, losses / (gains) on impairment provisions and reversals, unrealized losses / (gains) on derivatives and investments at fair value, unusual
income and minus interest income. EBITDA is presented exclusive of Avala & Dunav
(2) Represents cash cost of sales per ounce of gold sold, net of by-product credits
HISTORICAL ANNUAL FINANCIAL
PERFORMANCE
10
183
205
250
261
2009 2010 2011 2012
Au production Cu production Ag production Zn production
$138
$202
$338
$385
2009 2010 2011 2012
$32
$45
$117 $125
2009 2010 2011 2012
$425
$238
($63)
$117
2009 2010 2011 2012
11. Dundee Precious Metals
Outlook
Asset Overview
DPM Ownership 100%
Location Bulgaria
Acquired Sept. 2003
Resources
(at Dec 31,
2012)
Gold (Moz) (3.8g/t) 4.7
Copper
(Mlbs)
(1.2%
Cu)
1,007.0
Mine Type Underground
Estimated Mine Life @ expanded rate 10+ years
CHELOPECH MINE: LOW COST OPERATION
WITH LOWEST QUARTILE CASH COSTS
Recent Accomplishments
• Mine/mill expansion completed on time and under
budget in Q4 2012 (doubled capacity to 2 Mtpa)
• Produced 120,631 oz of gold and 42.7 Mlbs of
copper in 2012 at cash costs of $9.00/oz (net of
by-product credits)
• Pyrite Recovery Project slated for completion and
production to commence in Q1 2014
• Capitalize on lower cost/ higher recovery staged
flotation reactor technology
• Perform targeted exploration to replace depletion
and increase mineral resources/ reserves
• Continue to implement cost/margin improvements
11
12. Dundee Precious Metals
CHELOPECH MINE
PYRITE RECOVERY PROJECT
• Project will economically recover most of
the contained gold, silver and copper
associated with rejected pyrite minerals,
with capacity to produce 380 kt to 420 kt
of concentrate per annum containing:
– 75 to 90 koz gold
– 130 to 190 koz silver
– 4.5 to 6.0 Mlbs copper
• Establishes a pyrite concentrate circuit,
which includes a new flotation, thickening
and filtration installation in the existing
mill facility which will start production in
Q1 2014
• DPM signed a contract with Xianguang
Copper (China) for the sale of up to 200
kt of pyrite concentrate (28 – 30 koz
payable gold) per year
• Pyrite treatment project involves a POX
process to produce a low mass residue
resulting in a metal rich product for sale
– Currently on hold pending favourable
market conditions
2 Mtpy ore mined 400,000 t pyrite concentrate produced (E)
Metals Potential Grades Est. Incremental Production Result
Gold 6 - 7 g/t 75,000 - 90,000 oz
Silver 10 - 15 g/t 130,000 - 190,000 oz
Copper 0.5% - 0.7% 4.5 - 6.0 Mlbs
Pyrite Recovery:
Start Production in Q1 2014
Capex: $23 M
Pyrite Project to Increase Gold Recoveries to 90%
Stage 1 Pyrite Recovery Facility
12
13. Dundee Precious Metals
Asset Overview
KAPAN MINE: SIGNIFICANT EXPLORATION
PACKAGE SURROUNDING THE AREA
Recent Accomplishments
• Produced 21,843 oz of gold and 2.5 Mlbs of copper in
2012
• Completed upgrade of mill circuit to reduce lead
content in copper concentrate to specified levels
• Released first underground resource estimate for the
Shahumyan deposit in August 2013
Outlook
• Rebuild development inventory and return to normal
sustainable operating levels – Q2 2014
• Internal conceptual study on expanded underground
mine based on new Mineral Resource Estimate – Q1
2014
• Continue operational improvements and cost reductions
DPM Ownership 100%
Location Armenia
Acquired August 2006
Resources
(at Aug. 29,
2013)
Gold (Moz) (2.4g/t) 1.0
Gold Eq.
(Moz)
(4.6g/t) 2.0
Mine Type Underground
Deposit Type
Polymetallic vein
deposit
13
Kapan operations were on care and maintenance as of November 2008; operations restarted April 2009.
14. Dundee Precious Metals
UNIQUE SMELTER EQUIPPED TO TREAT
COMPLEX CONCENTRATES
• Secures capacity to treat Chelopech concentrate and derives additional
revenues processing complex concentrates from 3rd parties
• Toll rates for complex concentrate command a substantial premium
• Most recent 3rd party contracts at higher rates than pre-existing
arrangements prior to DPM ownership
Ausmelt Offgas Bag-House
Acid Plant 3D Schematic
One of a few smelters with ability to process large volumes of complex
concentrate
Project 2012 dust and emissions upgrades complete
Production curtailment expected to be lifted
Additional upgrades reduce SO2 emissions, increase capacity and
lower costs
14
• New off-gas and emissions management
• New dust management systems
• Smelter hygiene improvements
• Anticipate increasing to 100% in Q1 2014
• New sulphuric acid plant subject to lump sum turnkey contract
• Long-term acid off-take agreement with Rössing
• Potential installation of an electric holding furnace
15. Dundee Precious Metals
TSUMEB SMELTER HAS POTENTIAL TO
POSITIVELY IMPACT EARNINGSComplexConSmelterProduction/Capacity(000’s)
15
Asset Overview
DPM Ownership 100%
Location Namibia
Acquisition March 2010 $50M
Technology / Product Ausmelt
Product Copper blister bars
2012 concentrate throughput 159,356 tonnes
Expanding smelter capacity 320 ktpy
Emissions & dust capture upgrades $106 M
Sulphuric acid capture plant (Q3 ’14) ~$240 million
Electric Arc holding furnace (2016) $70+ million E
Outlook
• Namibian government curtailment removed allowing for
a return to 100% capacity in Q1 2014
• Complete acid plant construction in Q4 2014
• Reposition smelter as a sustainable, cost-competitive
niche processor of complex concentrate
• Complete assessment of installation of an electric
holding furnace
Concentrate Smelted (‘000 t) 2010 2011 2012 2013E
Chelopech Concentrate 56 89 112
155-162
3rd Party Concentrate 64 92 47
Cash Cost (US$/t) $268 $293 $374 $415-$435
EBITDA (US$mm) $2 $3 ($3) n/a
Anticipated Future Capacity
16. Dundee Precious Metals 1616
KRUMOVGRAD MINE: open-pit,
development-stage gold project
Recent Accomplishments
• Successfully completed the EIA permitting process
• Obtained a 30-year concession to develop deposit
• Finalized archaeological work to support clearing of
project site
• Completed basic engineering and initiated detailed
engineering of process plant and integrated mine
waste facility
Asset Overview (1)
DPM Ownership 100%
Location Bulgaria
Deposit Type
Low-sulphidation epithermal
Au
Proposed Mine Type Open Pit
Gold Recoveries 85%
Grade 3.4 g/t
Annual ore tonnage production 850,000 tpy
Annual gold production 74,000 ounces
Mine Life 9 years
Capital Costs to complete ~US$127mm
Total cash cost per oz Au Eq $404
Construction / Production 2015 / 2016
Average Annual EBITDA (2) $52.6 mm
After-Tax NPV7.5%
(2) $165.3 mm
IRR (2) 31%
Outlook
• Secure final local approvals required to proceed with
ordering long lead items/construction
• Seek opportunities to increase recoveries through use
of SFR technology
• Complete detailed engineering that optimizes value of
project
• Evaluate other exploration opportunities within existing
licenses and establish targeted drill program
(1) As per Krumovgrad 2012 Technical Report
(2) Assuming gold and silver prices of $1,250/oz and $25.00/oz, respectively
Conceptual Illustration of Krumovgrad Gold Project
17. Dundee Precious Metals
Sabina Gold & Silver Corp. (TSX:SBB), Nunavut
• Canadian-based, precious metals company with the goal of
becoming a mid-tier gold producer
• Assets comprise the high grade Back River gold project, the
Hackett River payable silver right from Xstrata Zinc as well as
certain other gold claims
– Back River PFS indicates a project with avg. annual prod. of
287 koz Au at $685/oz cash costs and $831 mm LOM capex
– Post-tax NPV5%, $1,350/oz Au of $290 mm and IRR of
16.5%
– Strong balance sheet with $69 mm(2) in cash and investments
– Hackett River royalty (22.5% of first 190 Moz Ag, 12.5%
thereafter)
Avala Resources Ltd. (TSX-V:AVZ), Serbia
• Exploration company holding the Timok gold project in Eastern
Serbia with of 2.7 Moz of gold resources
• Released favourable metallurgical results in Nov. 2013 and
proceeding toward PEA targeted for completion Feb. 2014
• NI-43-101 resources include:
– Bigar Hill Indicated Resource of 25.5 MT @ 1.6 g/t for 1.3
Moz; Inferred Resource of 1.6 MT @ 1.6g g/t for 0.08 Moz
– Korkan Indicated Resource of 14.5 MT @ 1.5 g/t for 0.7
Moz; Inferred Resource of 4.9 MT @ 1.4 g/t Au for 0.2 Moz
– Kraku Pester Indicated resource of 6.3 MT @ 1.3 g/t Au for
0.27 Moz; Inferred Resource of 2.2 MT @ 1.0 g/t Au for 0.07
Moz
Dunav Resources Ltd. (TSX-V:DNV), Serbia
• Exploration company in Serbia holding the Kiseljak copper/gold
porphyry project
• NI-43-101 inferred resources include:
– Kiseljak Mineral Resource initial estimate 300 MT grading
0.27% Cu and 0.26 g/t Au for 1.8 Blbs Cu and 2.5 Moz Au
DPM EXPLORATION ASSETS
PARTIALLY-OWNED ENTITIES
(1) Based on intrinsic value as at January 16, 2014
(2) As reported, as at September 30, 2013
Equity Portfolio Holdings Overview (C$mm)(1)
Securities
Shares
(m)
% Held
Value
($m)
Sabina Gold & Silver
Special Warrants
Warrants (strike at C$1.07)
Total
23.6
5.0
5.0
2.5
12% 21.5
-
-
$21.5
Avala Resources
Special Warrants
Warrants (strike at C$0.30)
Total
135.0
50.0
25.0
53% 8.1
-
-
$8.1
Dunav Resources
Warrants (strike at C$0.50)
Total
56.0
23.0
46% 3.9
-
$3.9
Total shares and securities $33.5
17
18. Dundee Precious Metals
DPM GREENFIELDS EXPLORATION
STRATEGY: GENERATIVE PIPELINE
18
Bulgaria
• 3 Exploration Licences granted, another 5 under application, totalling 265km2
• Experienced team of geoscientists credited with the discovery of Ada Tepe
Armenia
• Systematic regional exploration around Kapan has resumed after a 5 year hiatus
• Regional targets being drilled in 2013: Norashenik and Arajadzor
Project Generation
• Generate new early stage opportunities through joint ventures, partnerships or acquisitions
• Global scope with emphasis on lower-risk jurisdictions
• Gold focused; minimum size: 1 million ounces at more than 1g Au/t
Tethyan Belt runs
from Central Asia to
Eastern Europe
Avala
Dunav
19. 19Dundee Precious Metals
Petrovden Porphyry
Target
Intrusive(s)
Stockwork Veins
NW
Intrusive(s)
Stockwork Veins
DPM BROWNFIELDS EXPLORATION
STRATEGY: CHELOPECH & SVETA PETKA
PTDD019
369m @0.17% Cu, 0.16g/t Au
(incl 64m @0.30 %Cu. 0.25g/t
Au from 687m)
371
270m @0.23% Cu, 0.23g/t Au
(incl 103m @0.30 %Cu. 0.23g/t
Au from 773m)
PTDD001
708m @0.079% Cu, 0.068g/t
Au (incl 53m @0.11 %Cu.
0.117g/t Au from 82m)
PTDD002
479m @ 0.077%Cu, 0.093g/t
Au (incl 70m @ 0.11%Cu,
0.102g/t Au from 423m)
Results to date:
20. 20Dundee Precious Metals
Kapan Near Mine
Drilling Targets
V50 Target
Golden
Triangle
Target
Shahumyan
East Target
V37 Target
V17 Target
V11 Target
V64 Target
Drill program tests:
• Conceptual targets at
Golden Triangle and
Shahumyan East
• High grade down-plunge
Vein Targets on known
mineralization
• Approx. 4,000m diamond
drilling on 6 targets to be
completed by end of 2013
• Structural studies ongoing
• Continuous interpretation
of current drilling to
improve remaining targets
• Applications for new
exploration licences in
progress
Proposed hole
Completed hole
DPM BROWNFIELDS EXPLORATION
STRATEGY: KAPAN
Outlook
21. 21Dundee Precious Metals
Geophysical Surveys Khan
Krum – Iran Tepe – Kesebir
IRAN TEPE
KESEBIR
KHAN KRUM
Ground Magnetics - 200m Lines
Committed
Contingent
Krumovgrad
• Geophysics completed by end
of 2013
• Finalize target generation
• Possible electrical geophysics
follow up for targeting
• Second phase drilling
depending on land use
permitting
DPM BROWNFIELDS EXPLORATION
STRATEGY: KRUMOVGRAD
Outlook
22. Dundee Precious Metals
• Tsumeb Acid Plant
• Chelopech Pyrite Recovery
Circuit
• Krumovgrad Gold Project
• Kapan UG Mine Expansion
• Tsumeb Electric Holding
Furnace
CASH FLOW WITH FLEXIBLE CAPITAL
PROGRAM PROJECTED
• Discretionary capex provides
flexibility to prudently pace
spending
• Ability to conserve additional cash
and increase financial flexibility in
response to unforeseen events or
lower commodity prices
• Sources of liquidity
– $150M revolver
– $33M cash
– $25M publically traded
investments
– Last 12 months adj. EBITDA
of $136M with strong growth
prospects
Planned Capex Largely Discretionary
22
23. Dundee Precious Metals
ABLE TO ADAPT TO POTENTIAL
DOWNSIDE RISKS
• DPM has ability to conserve additional cash and increase financial flexibility in response to unforeseen
events or lower commodity prices
– Reduce exploration spending
– Delay development projects
– Stage construction projects over longer periods
Delayed Pyrite Treatment ProjectChelopech
Able to defer potential expansionKapan
Defer development plan and /or extend project construction timelineKrumovgrad
Potential to sell investments or not participate in future capital raises to bolster or
preserve capital
Current market/intrinsic value of equity investments of ~$25 million
Equity
Investments
Defer installation of the proposed electric holding furnaceTsumeb
Access to additional liquidity through revolving credit facility ($150 mm)
Revolver
Capacity
23
24. 24Dundee Precious Metals
Adjusted EBITDA ($M)
EBITDA GROWTH POTENTIAL
(1) 2012 EBITDA exclusive of Avala and Dunav.
(2) 2017F EBITDA based on completion of identified investment opportunities, current and LT metal prices and tolling rates in line with most recent contract.
Capital investments expected to deliver additional value
- Implied current share price / 2017F EBITDA ~ 1.5 - 2x
At Current Prices
- Jan 14, 2014
Incremental EBITDA
$148 M - $172M
100%
(1) (2)
25. Dundee Precious MetalsDundee Precious Metals
Tsumeb Ramps
Up to 100%
Capacity
Chelopech Pyrite
Recovery Circut
Complete
Tsumeb Acid Plant
Commissioned
Krumovgrad
Construction
Begins
Krumovgrad
Begins
Production
Chelopech Mine
Internal
Conceptual Study
on Expanded
Kapan
Underground Mine
Completed
2014 2015 2016
DPM FUTURE CATALYSTS
Krumovgrad
Capital Cost and
Mine Plan Update
25
26. Dundee Precious Metals
Solid
Financial Position
Commodity and
Geographic
Diversification
High Quality
Assets
with Further
Potential
Experienced
Management Team
and Board with
Strong Track
Record
Pipeline of Organic
Growth
Opportunites
26
COMPELLING INVESTMENT
OPPORTUNITY
27. DUNDEE PRECIOUS METALS
MANAGEMENT TEAM
27Dundee Precious Metals
Rick Howes
President & Chief Executive Officer
David Rae
Senior Vice President,
Operations
Adrian Goldstone
Executive Vice President,
Sustainable
Business Development
Michael Dorfman
Senior Vice President,
Corporate Development
Hume Kyle
Executive Vice
President &
Chief Financial Officer
Lori Beak
Senior Vice President,
Investor &
Regulatory Affairs &
Corporate Secretary
Hans Nolte
Vice President & General
Manager, Tsumeb Smelter
Reuben Mills
Vice President, Safety &
Asset Risk Management
Jeremy Cooper
Vice President,
Commercial Affairs
Simon Meik
Vice President, Processing
Hratch Jabrayan
Vice President & General
Manager,
Kapan Mine
Nikolay Hristov
Vice President & General
Manager,
Chelopech Mine
Iliya Garkov
Vice President & General
Manager, Krumovgrad
Gold Project
Richard Gosse
Senior Vice
President,
Exploration
Jonathan Goodman
Executive Chairman
Paul Proulx
Senior Vice President,
Corporate Services
Colin McAnuff
Treasurer
28. dundeeprecious.com
One Adelaide Street East
Suite 500
Toronto, Ontario M5C 2V9
T: 416 365-5191
Investor Relations
T: 416 365-2851
ssrubiski@dundeeprecious.com
TSX:
DPM – Common Shares
DPM.WT.A – 2015 Warrants
Proudly celebrating 30 years as
a Toronto Stock Exchange listed
company
30. ANALYST COVERAGE
30Dundee Precious Metals
BMO John Hayes
CIBC World Markets Leon Esterhuizen
Cormark Securities Mike Kozak
Dundee Securities Josh Wolfson
GMP Securities Oliver Turner
Paradigm Capital Don MacLean
RBC Capital Markets Sam Crittenden
Scotia Capital **In transition**
31. Dundee Precious Metals
• 2,617 full-time and 825 contracted
employees worldwide
− 99% of employees and 86% at
the manager level (or above) are
local nationals
• Local hiring, ongoing safety
improvements, employee training and
fair compensation assist in maintaining
healthy labour relations
• Corporate, regional and human
resource policies and programs reflect
local needs to attract, retain and
motivate employees
• 2013 focused on reducing Lost Time
Injuries (LTI) and Lost Time Injury
Frequency Rate (LTIFR) and achieving
zero fatalities at all sites
• Ongoing investment in plant upgrades
and modernization at all sites has
resulted in significant energy
efficiency improvements
• Award-winning environmental
conservation at Chelopech
− Chelopech tailings and waste
management policies compliant
with international best practices
• Emissions control project (Project
2012) substantially complete
− Continued environmental
improvements at Tsumeb in
2013 and beyond
− A $204mm contract was signed
with Outotec, to install a
sulphuric acid plant to capture
sulphur dioxide emissions,
which is due for commissioning
in late 2014
• Appoint corporate and local
operational executives to manage
political relationships and corporate
social responsibility (CSR)
• Award-winning CSR initiatives at
Chelopech
− Established the Dundee
Foundation in Bulgaria in 2012,
to separate our national and site-
specific CSR spending
• Foster stakeholder engagement with
two public information centers in
Chelopech and one in Krumovgrad
Develop and operate sustainable
businesses where the health and
safety of our employees is
paramount
Promote sustainable growth and
responsibility through pragmatic
environmental solutions and
practices across the business
Provide economic benefits and
participate in community
development in meaningful and
innovative ways
Community Spending & Donations
Totalled $3.4mm in 2012
SUSTAINABLE DEVELOPMENT
People, Health and Safety Local CommunitiesEnvironment
Arts & Culture
40%
Education
17%
Trusts 7%
Health 2%
Misc. 10%
Infrastructure
24%
31
32. 32Dundee Precious Metals
KEY SENSITIVITIES
- 5% CHANGE
Item
EBITDA
($ mm)
Commodity Prices 16.0
Mine production 12.5
FX 7.2
Mine costs 6.5
Smelter production 4.0
Smelter Toll rate 3.5
Smelter costs 3.8
(1) Based on current prices, and estimated 2013 concentrate deliveries and concentrate smelted
33. 2013 GUIDANCE
33Dundee Precious Metals
Metals Contained in Concentrate Produced Chelopech Kapan Total
Gold (ounces) 125,000 – 143,000 23,000 – 25,000 148,000 – 168,000
Copper (million pounds) 43.0 – 46.0 2.3 – 2.5 45.3 – 48.5
Zinc (million pounds) - 14.5 – 15.0 14.5 – 15.0
Silver (ounces) 210,000 – 230,000 420,000 – 435,000 630,000 – 665,000
Sustaining Capital expenditures $14 - $17 million $8 - $12 million $22 - $29 million
Total growth capital expenditures $210 - $240 million
Construction of acid plant at Tsumeb
Phase I Pyrite Project at Chelopech
Krumovgrad development and construction work
Kapan Gold exploration and/or development work
Mine output at Chelopech (tonnes of ore) 1.9 – 2.05 million
Mine out put at Kapan (tonnes of ore) 450,000 – 465,000
Concentrate smelted at Tsumeb (tonnes) 155,000 – 162,000
Sustaining capital expenditures at Tsumeb $13 - $16 million
34. Q3 2013 SUMMARY
34Dundee Precious Metals
Q3 2013 Q3 2012 Sept 30 2013
YTD
Sept 30 2012
YTD
Adjusted Net Earnings $10.1 million $18.7 million $20. million $59.4 million
Adjusted basic EPS $0.07 $0.15 $0.15 $0.47
Gross profit (loss)
Chelopech $28.5 million $38.2 million $85.3 million $127.0 million
Kapan $4.3 million $2.0 million $0.4 million $1.5 million
Tsumeb Smelter ($3.6 million) $1.1 million ($15.9 million) ($10.7 million)
Total Gross profit $29.2 million $41.3 million $69.8 million $117.8 million
Chelopech Production
Gold (ounces) 28,081 28,296 99,330 93,128
Copper (lbs) 10,508,642 11,144,786 33,157,117 32,447,388
Silver (ounces) 48,953 60,847 161,989 172,359
Cash cost/T ore processed (incl. royalties) $38.41 $43.24 $39.94 $46.15
Cash cost/T ore processed (excl. royalties) $35.77 $39.01 $36.18 $41.43
Kapan Production
Gold (ounces) 4,217 5,548 18,057 16,679
Copper (lbs) 341,788 720,640 1,726,394 1,839,743
Zinc (lbs) 2,418,775 4,714,540 11,620,729 12,545,234
Silver (ounces) 78,227 124,925 335,604 349,997
Cash cost/T ore processed (incl. royalties) $89.58 $70.31 $74.74 $73.69
Cash cost/T ore processed (excl. royalties) $79.60 $65.13 $68.40 $68.75
35. HEDGE POSITION
AS AT SEPTEMBER 30, 2013
35Dundee Precious Metals
Year of projected payable
copper production
Volume Hedged (lbs) Average fixed price ($/lb)
2013 6,038,454 3.43
2014 22,672,312 3.41
Total 28,710,766 3.41
QP Hedged Volume Hedged Average fixed price
Payable copper 7,138,560 lbs $3.26/lbs
Payable zinc 947,987 lbs $0.84/lbs
Payable gold 21,710 oz $1,336.22/oz
Payable silver 25,290 oz $20.83/oz
Year of projected payable
gold production
Volume Hedged (oz) Average fixed price ($/oz)
2014 30,000 1,230.90
2015 30,000 1,233.70
Total 60,000 1,232.30
36. CHELOPECH MINE:
UPDATED MINERAL RESERVES AND
RESOURCES
36Dundee Precious Metals
Chelopech Mineral Reserves – December 31, 2012
Category
Tonnes
(M)
Gold Copper Silver
Grade
(g/t)
Ounces
(M)
Grade
(%)
Pounds
(M)
Grade
(g/t) Ounces (M)
Proven 12.3 3.4 1.4 1.3 340 9.3 3.7
Probable 9.3 3.8 1.1 0.9 180 5.7 1.7
Total 21.6 3.6 2.5 1.1 519 7.7 5.4
Chelopech Mineral Resources – December 31, 2012
Category
Tonnes
(M)
Gold Copper Silver
Grade (g/t)
Ounces
(M)
Grade
(%)
Pounds
(M)
Grade
(g/t) Ounces (M)
Measured 15.1 4.0 2.0 1.5 490 10.3 5.0
Indicated 14.0 4.0 1.8 1.1 336 8.5 3.8
M&I 29.1 4.0 3.8 1.3 825 9.4 8.8
Inferred 9.3 2.9 0.9 0.9 182 10.6 3.2
1. The rounding of tonnage and grade figures has resulted in some columns showing relatively minor discrepancies in sum totals.
2. All Mineral Resources and Mineral Reserves Estimates have been determined and reported in accordance with NI 43-101 and the classification adopted by the CIM.
3. Chelopech Mineral Reserves are based on a gold equivalent cut-off of 4 g/t (Au g/t + 2.06xCu%) and a cut-off of USD 10 profit/tonne using NSR analysis, as of December 31, 2012. This information has been
prepared by Gordon Fellows who is a QP as defined in NI 43-101 and not independent of the Company.
4. Chelopech Mineral Resources are based on a gold equivalent cut-off 3 g/t (Au g/t + 2.06xCu%) and a greater than USD 0 profit/tonne test using NSR analysis, as of December 31, 2012. This information has
been prepared by Petya Kuzmanova and reviewed and approved by Julian Barnes. Julian Barnes is a QP as defined in NI 43-101 and not independent of the Company.
5. Mineral Reserves and Mineral Resources for Chelopech are based on long term metals prices of USD 1,250/oz Au, USD 2.75/lb Cu, USD 25/oz Ag.
6. Measured and Indicated Mineral Resources are inclusive of Proven and Probable Mineral Reserves.
37. CHELOPECH MINE:
EXPLORATION RESULTS Q3 2013
37Dundee Precious Metals
Significant intercepts (cut-off grade 3g/tAuEq)
Hole ID Northing
(mRL)
Easting
(mRL)
Dip Az From
(m)
To (m) Interval
(m)
Grades
Cu (%) Au (g/t)
EXT19E_290_04 29779 6043 -6.9 030.3 124.5 163.5 39.0 0.65 2.40
EXT19E_290_07 29778 6043 -11.4 033.2 67.5 94.5 27.0 1.16 3.39
EXT19E_290_08 29778 6043 -4.3 037.0 76.5 96.0 19.5 1.30 3.70
EXT19E_290_09 29777 6044 -4.5 049.1 0 13.5 13.5 0.97 3.34
EXT19E_290_10 29777 6043 -12.0 049.2 1.5 9.0 7.5 0.48 2.76
EXT19E_290_11 29777 6044 -10.4 060.7 1.5 21.0 19.5 0.74 4.47
EXT151_225_05 29777 6043 -25.2 175.8 4.5 28.5 24.0 0.82 2.83
EXT151_225_06 29184 5609 -43.2 175.2 7.5 15.0 7.5 1.10 3.46
EXT151_225_07 29184 5608 -24.4 200.3 12 22.5 10.5 1.38 2.20
EXT151_400_01 29330 5285 -18.7 301.7 10.5 66.0 55.5 1.01 3.3
EXT151_400_02 29331 5285 -37.1 301.1 51.0 61.5 10.5 2.90 4.87
EXT151_400_03 29330 5284 -14.1 276.7 46.5 66 19.5 0.96 2.4
G103_225_19 29175 5710 -16.5 091.6 108.0 123.0 15.0 0.40 2.44
1. Significant intercepts are located within the Chelopech Mine Concession and proximal to the mine workings.
2. Gold Equivalent calculation is based on the following formula: (Au g/t + 2.06xCu%).
3. Minimum downhole width reported is 1.5 metres with a maximum internal dilution of 4.5 metres.
4. True widths are approximately 90% of the intersection width.
5. Drill holes with prefix G indicate grade control drilling which is performed using BQ diamond drill core. All other holes are drilled with NQ diamond core.
6. Coordinates are in mine-grid.
7. No factors of material effect have hindered the accuracy and reliability of the data presented above.
8. No upper cuts applied.
9. For detailed information on drilling, sampling and analytical methodologies refer to the NI 43-101 “Preliminary Economic Assessment Report for the Chelopech Pyrite Recovery Project”
(the “PEA Technical Report”) filed on SEDAR at www.sedar.com on September 10, 2012.
38. CHELOPECH MINE:
CASH COST RECONCILIATION
38Dundee Precious Metals
US$ thousands,
unless otherwise indicated
Q3 2013
Actual
Q2 2013
Actual
Q1 2013
Actual
Year 2012
Actual
Year 2011
Actual
Year 2010
Actual
Year 2009
Actual
Cost of Sales:
32,840 27,381 31,991 98,298 88,838 $72,707 74,499
Less amortization &
other (8,160) (8,264) (7,948) (19,542) (15,499) (14,425) (14,242)
Plus other charges,
including freight 24,536 21,490 23,832 86,228 65,125 41,234 38,317
Less by-product credits
(39,031) (33,560) (41,434) (163,940) (147,812) (87,320) (64,198)
Cash cost of sales after
by-product credits 10,185 7,047 6,441 1,044 (9,348) 12,196 34,376
Gold oz (payable metal)
33,506 32,392 34,732 116,644 83,796 58,065 93,081
Cash cost of sales/oz gold,
(net of by-product credits) $3041 $2182 $1853 $94 $(112)5 $2106 $3697
1. Based on $3.26/lb copper
2. Based on $3.34/lb copper
3. Based on $3.64/lb copper
4. Based on $3.95/lb copper
5. Based on $4.27/lb copper
6. Based on $3.42/lb copper
7. Based on $2.34/lb copper
39. KAPAN MINE:
UNDERGROUND MINERAL RESOURCE
ESTIMATE
39Dundee Precious Metals
Dundee Precious Metals Kapan Shahumyan Deposit Mineral Resource Estimate as at
January 31, 2013
Reported at a gold equivalent cut-off 2.24 Au g/t
Classification
Tonnes
Mt
Au
g/t
Contained
Koz
Gold
Equiv
g/t
Ag
g/t
Cu
%
Zn
%
Pb
%
S
%
Density
Indicated 2.8 2.6 237 5.2 50 0.4 2.1 0.2 2.4 2.73
Inferred 10.6 2.3 790 4.5 41 0.4 1.7 0.1 3.2 2.73
• AuEq was calculated using the formula Au + (Cux1.34) + (Agx0.023) + (Znx0.42) and assumes metal prices of USD 1,250/oz
Au, USD 25/oz Ag, USD 2.75/lb Cu and USD 0.85/lb Zn
• The Mineral Resource estimate consists of DPM and historical drilling data. DPM has carried out significant additional surface
diamond drilling and reverse circulation drilling since July 2007, contributing 41% of the data used for the Mineral Resource
estimate
40. KAPAN MINE:
EXPLORATION RESULTS Q3 2013
40Dundee Precious Metals
Significant intercepts (AuEq cut-off grade of 3.5 g/t) received during the third quarter of 2013:
HOLE ID EAST NORTH RL AZ. DIP FROM TO
True
Width
m
AuEq
g/t
Au
g/t
Best
Value
Ag
g/t
Best
Value
Cu
% Best
Value
Zn
% Best
Value
EIN4S008 8623568 4344606 723 161.8 -28.2 189 191 1.90 7.15 2.93 102.8 0.75 1.72
EIN4S008 8623568 4344606 723 161.8 -28.2 277 281 3.90 6.64 0.92 35.4 2.63 1.26
EIN9S003 8623822 4342879 772 176.2 -28.0 34 37 1.60 6.02 3.61 33.6 0.59 1.39
EIN9S003 8623822 4342879 772 176.2 -28.0 122 125 2.70 5.61 3.23 61.0 0.43 0.82
EIN9S005 8623822 4342879 772 189.0 -9.3 198 201 2.75 4.10 2.16 69.7 0.27 0.18
EIN9S006 8623822 4342879 772 189.2 -18.3 35 37 1.30 7.67 3.53 52.9 1.32 1.67
1. Significant intercepts are located within the Shahumyan Mine Concession and proximal to the mine workings.
2. Gold Equivalent calculation is based on the formula: Au g/t + 0.02xAg g/t + 1.645xCu% + 0.548xZn%.
3. Minimum downhole width reported is 2 metres with a maximum internal dilution of 2 metres.
4. All holes reported are NQ diamond core.
5. Co-ordinates are in Kapan exploration-grid.
6. No factor of material effect has hindered the accuracy and reliability of the data presented above.
7. No upper cuts applied.
8. For detailed information on drilling, sampling and analytical methodologies refer to “NI 43-101 Technical Report – Shahumyan Project Kapan, Republic of Armenia” filed on SEDAR
at www.sedar.com on August 29, 2013.
41. KAPAN MINE:
CASH COST RECONCILIATION
41Dundee Precious Metals
US$ thousands, unless otherwise
indicated
Q3 2013
Actual
Q2 2013
Actual
Q1 2013
Actual
Year 2012
Actual
Year 2011
Actual
Year 2010
Actual
Year 2009
Actual
Cost of Sales:
9,672 13,445 9,502 50,547 47,276 33,637 21,072
Less amortization & other
(1,364) (1,578) (1,617) (9,989) (9,140) (7,056) (6,996)
Plus other charges, including
freight 2,307 2,874 1,672 6,218 11,893 8,912 5,142
Less by-product credits
(6,721) (8,827) (5,780) (32,075) (47,588) (28,562) (13,591)
Cash cost of sales after by-
product credits 3,894 5,914 3,777 14,701 2,441 6,931 5,627
Gold oz (payable metal)
6,500 5,733 3,541 18,204 26,230 22,287 11,233
Cash cost of sales/oz gold,
(net of by-product credits)
$5991 $1,0322 $1,0673 $8084 $935 $3116 $5017
1. Based on $3.26/lb copper
2. Based on $3.34/lb copper
3. Based on $3.64/lb copper
4. Based on $3.95/lb copper
5. Based on $4.27/lb copper
6. Based on $3.42/lb copper
7. Based on $2.34/lb copper
43. KRUMOVGRAD GOLD PROJECT
43Dundee Precious Metals
Krumovgrad Mineral Reserves – December 31, 2011
Category
Tonnes
(M)
Gold Silver
Grade
(g/t)
Ounces
(M)
Grade
(g/t) Ounces (M)
Proven 2.94 4.70 0.44 2.54 0.24
Probable 4.30 2.44 0.34 1.52 0.21
Total 7.24 3.36 0.78 1.92 0.45
Krumovgrad Mineral Resources – December 31, 2011
Category
Tonnes
(M)
Gold Silver
Grade (g/t)
Ounces
(M)
Grade
(g/t) Ounces (M)
Measured 3.30 4.90 0.52 3.00 0.28
Indicated 4.69 2.50 0.38 2.00 0.24
M&I 7.99 3.50 0.90 2.00 0.51
Inferred 0.40 1.20 0.02 1.00 0.01
1. Rounding of tonnage and grade figures has resulted in some columns showing relatively minor discrepancies in sum totals.
2. All Mineral Resource Estimates have been determined and reported in accordance with NI 43-101 and the classification adopted by the CIM.
3. Krumovgrad Mineral Reserves and Resources are based on the Krumovgrad 2012 Technical Report using a variable economic cut-off grade and 0.5 g/t Au respectively.
4. All Mineral Reserves and Resources are based on long term metals prices of $1,250 Au, $3/lb Cu, $25/oz Ag and $1/lb Zn.
5. Measured and Indicated Mineral Resources are inclusive of Proven and Probable Reserves.
44. dundeeprecious.com
One Adelaide Street East
Suite 500
Toronto, Ontario M5C 2V9
T: 416 365-5191
Investor Relations
T: 416 365-2851
ssrubiski@dundeeprecious.com
TSX:
DPM – common shares
DPM.WT.A – 2015 Warrants
Proudly celebrating 30 years as
a Toronto Stock Exchange listed
company