Centerra Gold Inc. · TSX:CG
Centerra Gold — Q2 2023 Earnings Presentation
13 slides from Centerra Gold's earnings presentation, Aug 1, 2023
Slide 1: Building a strong, stable platform. 2023 Second Quarter Results
Mount Milligan Building a strong, stable platform. 2023 Second Quarter Results August 1, 2023 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 document contains “specified financial measures” within the meaning of NI 52-112, specifically the non-GAAP financial measures, non-GAAP ratios and supplementary financial measures described below. Management believes that the use of these
Slide 4: Corporate Highlights
Corporate Highlights On May 31, 2023, obtained regulatory approval of an amended Environmental Impact Assessment (“EIA”) for the Öksüt Mine and resumed full operations on June 5, 2023. Q2’23 production of 61,622 ounces and 14M pounds of Copper, including a partial month of production from the Öksüt
Slide 5: ESG Highlights
ESG Highlights In Q2’23, the Öksüt Mine achieved one million hours without a lost-time work injury and the Mount Milligan Mine achieved a health and safety trophy for a mine rescue competition team, where they took first place for both the BC North Zone competition and at the provincial level. Respo
Slide 6: Operational Highlights Q2 2023
Operational Highlights Q2 2023 CENTERRA GOLD | Q2 2023 Operating Results 6
Slide 7: Mount Milligan Mine Operating Highlights
Mount Milligan Mine Operating Highlights • Gold and copper production for the quarter were impacted by mine sequencing and lower gold grades than planned when mining was occurring in an ore- waste transition zone, with this lower grade ore also impacting plant recoveries. • Completed mining in ore-w
Slide 8: Öksüt Mine Operating Highlights
Öksüt Mine Operating Highlights • Following the receipt of the updated EIA on May 31, 2023, crushing, stacking and ADR activities resumed on June 5, 2023 with gold production totaling 20,503 ounces in Q2’23. • As at June 30, 2023, approximately 80,000 recoverable ounces of gold remain in stored gold
Slide 9: Financial Highlights Q2 2023
Financial Highlights Q2 2023 CENTERRA GOLD | Q2 2023 Operating Results 9
Slide 10: Financial Results
Financial Results (in millions, except ounces and per share amounts) Q2 2023 YTD Revenues $184.5 $411.0 Gold ounces sold 48,155 87,145 Total copper pounds sold (000s) 12,831 28,162 Cash provided by (used in) operating activities from continuing operations $33.4 $(66.4) Free cash flow (deficit)(1) $1
Slide 11: Financial Highlights
Financial Highlights Consolidated Gold Production (koz) • Q2’23 cash provided by operating activities and free cash flow (1) of $33.4M and $10.6M, respectively 120 Gold Production / Stored Gold-in-Carbon 100 • MBU in Q2’23, sold approximately 3.0 million pounds of molybdenum, generating revenue of $
Slide 12: Q&A
Q&A CENTERRA GOLD | Q2 2023 Operating Results 12
Slide 13: 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