Centerra Gold Inc. · TSX:CG
Centerra Gold — Q3 2022 Earnings Presentation
17 slides from Centerra Gold's earnings presentation, Nov 7, 2022
Slide 1: Building a strong, stable platform. 2022 Third Quarter Results
Mount Milligan Building a strong, stable platform. 2022 Third Quarter Results November 7, 2022 Öksüt TSX: CG NYSE: CGAU Goldfield
Slide 2: Caution Regarding Forward Looking Information
Caution Regarding Forward Looking Information Information contained in this document which is not a statement of historical fact, and the documents incorporated by reference herein, may be “forward-looking information” for the purposes of Canadian securities laws and within the meaning of the United
Slide 3: Use of Non-GAAP and Other Specified Financial Measures
Use of Non-GAAP and Other Specified Financial Measures This presentation contains “specified financial measures” within the meaning of National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure of the Canadian Securities Administrators. None of these specified financial measures is
Slide 4: Centerra's Short-term Strategy
Centerra’s Short-term Strategy Advance the Goldfield Project with an initial resource estimate mid-2023 and a Feasibility Study thereafter. Complete additions to the Öksüt ADR plant, obtain all regulatory approvals to re-start operations. Update view of the Molybdenum Business Unit. Continue to opti
Slide 5: Corporate Highlights
Corporate Highlights Öksüt Mine Operations Update • Processing activities including active leaching and operation of the absorption, desorption and recovery (“ADR”) plant has been suspended since August 2022; mining, crushing and stacking activities continue. • Application for the Environmental Impa
Slide 6: ESG Highlights
ESG Highlights Achieved one million hours without a lost time injury at the Öksüt Mine in third quarter 2022. Published Centerra’s Environmental, Social, and Governance (“ESG”) Report and Conflict-Free Gold Report. Continued focus on safety leadership training/awareness. Progressed activities toward
Slide 7: Operational Highlights Q3 2022
Operational Highlights Q3 2022 CENTERRA GOLD | Q3 2022 Operating Results 7
Slide 8: Mount Milligan Mine Operating Highlights
Mount Milligan Mine Operating Highlights • Quarterly gold production costs of $729/oz; all-in sustaining costs on a by-product basis(1) of $615/oz. • 2022 guidance remains unchanged: • Copper production on-track for 70-80M lbs. • Trending towards the lower-end of gold production guidance range of 19
Slide 9: Öksüt Mine Operating Highlights
Öksüt Mine Operating Highlights Öksüt Mine Operations Update • Gold room operations at the Öksüt Mine’s ADR plant and active leaching remain suspended; mining, crushing and stacking activities continue. • Progress in advancing the EIA remains in accordance with plan, including the public consultatio
Slide 10: 2022 Production Guidance
2022 Production Guidance Gold Production Guidance Range Mount Milligan Öksüt Production 300 THOUSANDS OF OUNCES 250 191 200 137 55 150 94 100 55 55 136 50 82 39 0 Q1 Q2 Q3 Q4 YTD ACTUAL FORECAST Copper Production 100 MILLIONS OF POUNDS 80 60 40 57 20 38 21 0 Q1 Q2 Q3 Q4 YTD ACTUAL FORECAST CENTERRA
Slide 11: Mount Milligan 2022 LOM Highlights
Mount Milligan 2022 LOM Highlights NPV of $486M • Mine life extended by over four years; extended open pit mining and milling 5% Discount Rate operations to 2033. $1,500/oz Gold / $3.25/lb Copper • Proven and probable gold reserves increased by 1.1M contained ounces and NPV of $797M copper reserves
Slide 12: Financial Highlights Q3 2022
Financial Highlights Q3 2022 CENTERRA GOLD | Q3 2022 Operating Results 12
Slide 13: Financial Results
Financial Results (in millions, except ounces and per share amounts) Q3 2022 YTD 2022 Revenues $179.0 $641.9 Gold ounces sold 56,245 192,750 Total copper pounds sold (000s) 19,647 58,019 Cash (used in) provided by operating activities $(17.0) $7.8 Free cash flow deficit from continuing operations(1)
Slide 14: Financial Highlights
Financial Highlights • Cash used in operating activities by continuing operations of ($17M) and free cash flow deficit(1) from Gold Production & Gold-in-Carbon (Koz) QoQ continuing operations of ($35.5M) 120 • At the Mount Milligan Mine, cash provided by mine operations of $33M and free cash flow fr
Slide 15: Disclosure - NI 43-101 Technical Report & Qualified Persons
Disclosure - NI 43-101 Technical Report & Qualified Persons NI 43-101 Technical Report The LOM is included in a new technical report filed on November 7, 2022 (the “2022 Mount Milligan Technical Report”). The 2022 Mount Milligan Technical Report includes revisions to the resource model, metallurgica
Slide 16: Questions
centerraGoL_Lo fe & ee Questions ® ©@ @
Slide 17: Thank you
Thank you Teşekkür ederim University Avenue, Suite 1500 Toronto, ON M5J 2P1 Tel: +1 (416) 204-1953 Fax: +1 (416) 204-1954 Email: info@centerragold.com