DPM Metals (DPM) investor relations material

Strategic positioning and operational highlights

• Consistent production growth with 11 consecutive years of meeting gold guidance and a NAVPS growth rate three times faster than peers over the last decade.

• Four significant European discoveries since 2023, with large land positions in established mineral camps and low discovery costs.

• Operations span stable European jurisdictions with modern infrastructure, skilled labor, and favorable tax and development conditions.

• Strong financial position with $1.2B in liquidity, robust free cash flow, and a five-year CAGR of 49.4% in share price.

Key assets and growth pipeline

• Chelopech mine in Bulgaria is a flagship asset, sustaining 160,000 GEO/year with ongoing reserve replacement and new high-grade discoveries in the Wedge Zone.

• Brevene Porphyry South discovery adjacent to Chelopech shows exceptional scale and grade, with mineralization open in multiple directions.

• Čoka Rakita project in Serbia targets first production in H1 2029, with a feasibility study showing $782M NPV, 36% IRR, and $644/oz AISC.

• Dumitru Potok, part of the Rakita Camp, has a large inferred resource (2.6Moz Au, 1.9Blb Cu) and a PEA planned for year-end 2027.

• Vareš Silver-Gold Mine in Bosnia ramping up to 850,000 tpa by year-end 2026, with Q2 production of 35,185 GEO at $563 AISC.

Financial and operational performance

• Record H1 2026 revenue of $671.9M, adjusted net earnings of $379M, and free cash flow of $430.6M.

• 2026 guidance: 305–365 Koz GEO production, AISC $1,300–$1,450/oz, with over 80% of revenue from gold and silver.

• Ongoing capital discipline with significant returns to shareholders through dividends and share repurchases.