Centerra Gold Inc. · TSX:CG

Centerra Gold — Non-Deal Roadshow (November 2011)

35 slides from Centerra Gold's roadshow presentation, November 2011

  1. Slide 1: November 2011

    November 2011 Steve Lang, President and CEO

  2. Slide 2: Caution Regarding Forward-Looking Information

    Caution Regarding Forward-Looking Information This presentation and the documents referred to herein contain statements which are not statements of current or historical facts and are “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking inform

  3. Slide 3: Two Solid Growth Platforms

    Two Solid Growth Platforms Kyrgyz Republic Mongolia Russian Federation Russian Federation Boroo ATO Gatsuurt Ulaanbaatar Mongolia Kazakhstan Mongolia Kazakhstan China Kumtor China Kyrgyz Republic ● Year-to-date 2011 gold production 490,818 oz @ cash costs of $474/oz ● 2011 expected gold production o

  4. Slide 4: Share and Ownership Profile

    Share and Ownership Profile ● Symbol CG on the TSX, 236,307,533 common shares issued ● Market capitalization approximately CDN$5 Billion ● Strong financial position, no debt ● Annual dividend CDN$0.10 + 2011 special dividend CDN$0.30 Share Ownership Retail shareholders 19% Institutional shareholders

  5. Slide 5: Strong Operating Performance

    Strong Operating Performance Gold Production  2010 Production: (‘000 oz) – Kumtor – 567,802 oz – Boroo – 111,139 oz 679 676 640-660  2011 Estimated Production: – Kumtor 580,000 – 600,000 oz Kumtor – Boroo 60,000 oz Boroo 2009 2010 2011E November 2011 5

  6. Slide 6: Strong Financial Performance YTD-2011

    Strong Financial Performance YTD-2011 Sept. 30 Sept. 30 2011 2010 Gold production (‘000 oz) 491 429 Total cash cost ($/oz) $474 $521 Average realized gold price ($/oz) $1,534 $1,163 Revenues $772M $528M Net Earnings $292M $172M Earnings per share $1.23 $0.73 Cash from operations $367M $140M Cash and

  7. Slide 7: Centerra – Reserves and Ounces Mined

    Centerra – Reserves and Ounces Mined 8,500 8.2 million 7,500 ounces 6,500 5,500 4,500 3,500 Au Ounces ( ‘000’s ) 2,500 1,500 Reserves 500 7.1 million -500 -1,500 Cumulative -2,500 Ounces -3,500 Mined Since -4,500 Boroo Ounces Mined 2003 Kumtor Ounces Mined Gatsuurt Reserves -5,500 Boroo Reserves -6,

  8. Slide 8: Two Solid Growth Platforms: Kumtor Reserves and Resources

    Two Solid Growth Platforms Kyrgyz Republic Mongolia Russian Federation Russian Federation Boroo Gatsuurt Mongolia Kumtor Kazakhstan Reserves and Resources Ulaanbaatar Mongolia Kazakhstan Kumtor ● P & P – China open pit 6.3 m oz China ● M & I – open pit 4.1 m oz Kyrgyz Republic ● Inferred – open pit

  9. Slide 9: Kumtor Concession Area

    KUMTOR Concession Area ● Area of 26,300 hectares ● Concession expires 2042 ● 14% revenue-based tax 2nd Decline Portal ● 2 portals in place 1st Decline Portal ● Declines advancing November 2011 9

  10. Slide 10: Central Pit - Longitudinal Section

    KUMTOR Central Pit - Longitudinal Section December 31 September 30stth2009 2011 KS11 Pit Design KS10 Pit Design Decline Positions Sept. 30, 2011 Decline Position Sept. 30, 2011 No Data No Data November 2011 Ian Atkinson is the Qualified Person for purposes of NI 43-101 please see Centerra’s AIF and

  11. Slide 11: Improved Kumtor Open Pit LOM Plan

    KUMTOR Improved Kumtor Open Pit LOM Plan Gold Production (‘000 oz) 700 650 600 550 2009 LOM 500 2011 LOM 450 400 350 300 2011 2012 2013 2014 2015 2016 November 2011 11

  12. Slide 12: Underground Development

    KUMTOR Underground Development SB Underground Stockwork High-Grade Zone Underground Zone 1.4M oz Inferred @ 15.3 g/t 0.6M oz Inferred @ 12.1 g/t North 1st Portal KS11 2nd Final Pit Portal Decline1 Position 390m max Sept. 30, 2011 strike length beneath pit Stockwork Decline Position Sept. 30, 2011 56

  13. Slide 13: New Exploration Areas

    KUMTOR New Exploration Areas Kumtor Concession 263 km2 Kumtor Central Pit Koendy License 134 km2 Southwest Design Pit Sarytor Design Pit Karasay License 139 km2 0 5 10 kilometres November 2011 13

  14. Slide 14: Karasay Prospect

    KUMTOR Karasay Prospect SCHEMATIC GEOLOGICAL GEOLOGICAL CROSS-SECTION CROSS-SECTION,- LINE LINE A-A’ A-A' 0 5.000 5 (vertical exaggeration 1:2) kilometers KARASAY KARASAY KUMTOR KUMTOR AKSHYRAK KARASAY PROSPECT PROSPECT KARASAY KUMTOR BESHMOYNOK NNW VALLEY DEPOSIT DEPOSIT RIDGE GLACIER TARGET TARGET

  15. Slide 15: Mongolian Reserves and Resources

    Two Solid Growth Platforms Kyrgyz Republic Mongolia Mongolian Reserves and Resources Russian Federation Russian Federation Boroo ATO Gatsuurt ● Proven & Probable Reserves Ulaanbaatar Mongolia – Boroo 0.4 m oz Kazakhstan Mongolia Kazakhstan – Gatsuurt 1.5 m oz ● Measured & Indicated Kumtor Resources

  16. Slide 16: Gatsuurt Deposit

    MONGOLIA Gatsuurt Deposit 106°E 107°E 108°E Detailed Map Area RUSSIA Suhbaatar 50°N Shaamar Dzuunburen 50°N MONGOLIA Dulaahhaan Yoroo MONGOLIA Darhan Sant Sharingol Orhon 49°N 49°N Barunnharaa Dzuunharaa BOROO MINE Mandal Jargalant GATSUURT Bornuur DEPOSIT ULAAN BULAG Batsumber DEPOSIT Bayanchandman

  17. Slide 17: Mongolia Update

    MONGOLIA Mongolia Update ● Boroo Heap Leach permit pending – Potential to add about 2,500 oz per month ● Gatsuurt road construction and site prep complete ● Gatsuurt approvals pending – Ready to begin production of oxide ore on receipt of final approvals ● Expand processing options, add bio-oxidatio

  18. Slide 18: ATO Location and Land Holdings in Mongolia

    MONGOLIA ATO Location and Land Holdings in Mongolia 106 ° 107.5 ° 109 ° 110.5 ° 112 ° 113.5 ° KHUDER PROJECT Russia 49.5 ° 49.5 ° Darkhan-Uul TOLGOIT PROJECT DARKHAN Selenge PROJECT YALBAG PROJECT Dornod BOROO PROJECT ATO Project GATSUURT ULAANBULAG PROJECT PROJECT Tuv Yeroogol Khentii Ulaanbaatar A

  19. Slide 19: Altan Tsagaan Ovoo (ATO)

    MONGOLIA Altan Tsagaan Ovoo (ATO) Pipe 3 Pipe 2 Pipe 1 Pipe 4 November 2011 19

  20. Slide 20: ATO Prospect, Drillhole Location Plan Map

    MONGOLIA ATO Prospect, Drillhole Location Plan Map November 2011 Ian Atkinson is the Qualified Person for purposes of NI 43-101 please see Centerra’s AIF and technical reports filed on SEDAR. 20

  21. Slide 21: ATO Prospect, Section SE

    M O N G O L I A – Q3 2011 ATO Prospect, Section 11 SE November 2011 Ian Atkinson is the Qualified Person for purposes of NI 43-101 please see Centerra’s AIF and technical reports filed on SEDAR. 21

  22. Slide 22: ATO District Targets

    MONGOLIA ATO District Targets High Bayan Land Munkh Duut Nuur Bayan Gol ATO Davkhar Tolgoi 5 kilometres November 2011 22

  23. Slide 23: Our Focus is on Growth

    Our Focus is on Growth Acquisitions or JV’s Expand our exploration 3 2 Maximize existing operations 1 Growth November 2011 23

  24. Slide 24: Expand Our Exploration

    Expand Our Exploration ● Over 50% of 2011 Exploration exploration budget on our Expenditures land holdings $M – Kumtor: $13M – Mongolia: $9M $40 – JV’s in Russia, Turkey, Nevada $31 ● Kumtor focus – SB and Stockwork Zones $25 – Regional drilling – Karasay and Koendy Projects ● Mongolia focus – ATO a

  25. Slide 25: Expand Exploration; Significant Potential in Asia

    Expand Exploration; Significant Potential in Asia Chertovo Koryto Peschanka-Chukotskiy 5.6 M oz Nezdaninskoye 2.7 M oz 13.8 M oz Golets Visochaishiy Sukoi Log Titimukhta 2.6 M oz Kuranakh 44.8 M oz Vorontosovskoe 2.6 M oz 6.8 M oz Kupol 2.6 M oz Veduga 4.3 M oz 4.8 M oz Olympiada Itakinskoye Bamskoe

  26. Slide 26: centerraGoL_Lop

    centerraGoL_Lop centerraGoLD % *€ eo © %

  27. Slide 27: Appendix

    centerraGoL_Lop Appendix centerraGoLD % *€ eo © %

  28. Slide 28: Blasthole Data & Reserve Shell Outlines

    KUMTOR 3770EL Bench Plan Blasthole Data & Reserve Shell Outlines Blasthole Blasthole Au Grade Au Grade >15 g/t >10 g/t 15 – 10 g/t 10 – 7 g/t 10 – 7 g/t 7 – 3 g/t 7 – 3 g/t 3 – 1 g/t 3 – 1 g/t 1 - 0.1 g/t 1 - 0.5 g/t 0.5 – 0.1 g/t 40 metres 7 g/t Au shell 1 g/t Au shell 40 metres November 2011 28

  29. Slide 29: Underground Development

    KUMTOR Underground Development waste Kumtor dump STOCKWORK ZONE Central Pit KS11 Outline Mineralization >1.0 g/t Au at 3898m Elevation SADDLE Progress to Sept. ZONE 30, 2011 waste dump SB ZONE waste dump Progress to Sept. 30, 2011 Progress to Sept. 30, 2011 Southwest Sarytor Design Pit Design Pit No

  30. Slide 30: Exploration Targets

    KUMTOR Exploration Targets 16 kilometres waste dump Petrov waste dump Lake MUZDUSUU waste PETROV dump BORDOO AKBEL NORTHEAST SOUTHWEST PIT Stockwork Decline Position Sept. 30, 2011 Decline 2 Position Sept. 30, 2011 SARYTOR Decline 1 Position Sept. 30, 2011 PIT CENTRAL PIT Longitudinal Section Throug

  31. Slide 31: Land Holdings Mongolia

    Land Holdings Mongolia 106 ° 108 ° 110 ° 112 ° 114 ° 116 ° Sukhbaatar 50 ° 50 ° Russia SELENGE Tolgoit DARKHAN Project -UUL Khuder Darkhan Project Project Yalbag Project N Boroo Mine Gatsuurt DORNOD Ulaanbulag Deposit ATO Project PROJECT TUV Mongolia China ULAANBAATAR Choibalsan 48 ° 48 ° KHENTII Ex

  32. Slide 32: Kara Beldyr Drillhole Location Plan Map

    KARA BELDYR – Q3 2011 Drillhole Location Plan Map Tyva Republic Kara Beldyr Property Camp 32.9 km2Zone Gord Zone Ezen Zone 2.5 km November 2011 32

  33. Slide 33: Gord Zone, Section 1650NW

    KARA BELDYR – Q3 2011 Gord Zone, Section 1650NW Note: All assays reported are actual values with no top cutting factor applied. November 2011 33

  34. Slide 34: Ezen Zone, Section 900NW

    KARA BELDYR – Q3 2011 Ezen Zone, Section 900NW Note: All assays reported are actual values with no top cutting factor applied. November 2011 34

  35. Slide 35: Camp Zone, Section 2200NW

    KARA BELDYR – Q3 2011 Camp Zone, Section 2200NW Note: All assays reported are actual values with no top cutting factor applied. November 2011 35

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