The following is a summary of the Dundee Precious Metals Inc. (DPMLF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Dundee Precious Metals reported a Q2 revenue of $157 million, with adjusted net earnings of $71 million or $0.39 per share.

• Cash flow from operating activities was $126 million and record free cash flow of $82 million.

• All-in sustaining cost was reported at $710 per ounce of gold sold.

Business Progress:

• Chelopech mine produced 44,000 ounces of gold and 8 million pounds of copper with an impressive all-in sustaining cost of $531 per gold ounce sold, projecting improved copper grades and sustained cost guidance.

• Ada Tepe produced 24,000 ounces of gold in Q2, aligning with expectations and operating below the lower end of cost guidance.

• Advanced the Coka Rakita project with robust economics and a 33% IRR at a $1,700 gold price, submitting a preliminary environmental impact assessment (EIA) forecast for the first quarter of 2026.

• Proceeded with environmental and development activities for Loma Larga project, emphasizing careful progress dependent on critical milestones and the overall operating environment in Ecuador.

Opportunities:

• The in-mine and brownfield exploration at Chelopech and around Ada Tepe may extend mine life and improve valuation, relying on Dundee's consistent operational excellence and exploration success.

• The Coka Rakita project represents a significant growth opportunity with strong regional presence and potential for further exploration on four licenses.

Risks:

• The regulatory approval of the Tsumeb sale is pending, with potential financial implications from amendments to the sales agreement, reducing cash consideration from $49 million to $20 million due to end of toll agent agreement.

More details: DUNDEE PRECIOUS METALS INC IR

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