Centerra Gold Inc. · TSX:CG
Centerra Gold — Q4 2024 Earnings Presentation
16 slides from Centerra Gold's earnings presentation, Feb 21, 2025
Slide 1: Building a Strong Platform for Future Growth
TSX CG NYSE CGAU BUILDING A STRONG PLATFORM FOR FUTURE GROWTH Fourth Quarter 2024 Results Conference Call & Webcast FEBRUARY 21, 2025
Slide 2: Caution Regarding Forward Looking Information
Caution Regarding Forward Looking Information This document contains or incorporates by reference “forward-looking statements” and “forward-looking information” as defined under applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, which addre
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: Q4 2024 Summary
Q4 2024 Summary Strong free cash flow at both operations in Q4 2024, driven by robust contributions from Mount Milligan Q4 2024 HIGHLIGHTS FULL YEAR 2024 HIGHLIGHTS Q4 2024 Consolidated Production and Costs Full year 2024 Consolidated Production and Costs Production: 73,224 ounces gold; 12.8M pounds
Slide 5: Successes: Executing on Centerra's Strategic Plan
Successes: Executing on Centerra’s Strategic Plan ÖKSÜT MINE MOUNT MILLIGAN US MOLYBDENUM OPERATIONS JUNE 2023 FEBRUARY 2024 SEPTEMBER 2024 Generated over $480 million of Additional agreement with Royal Gold Announced the restart of free cash flow(1) since restarting sets favorable terms for potenti
Slide 6: Mount Milligan Prefeasibility Study
Mount Milligan Prefeasibility Study PFS to evaluate the substantial resource with a goal to unlock value beyond the current mine life ADDITIONAL AGREEMENT WITH ROYAL GOLD PREFEASIBILITY STUDY (“PFS”) A mutually beneficial, additional agreement, which provides an Study is expected to evaluate: increa
Slide 7: Kemess Project | BC, Canada
Kemess Project | BC, Canada ASSET DETAILS North Central British Columbia, 100% Acquired in Canada owned 2018 Substantial gold and copper resources in the highly prospective Toodoggone mining district in north-central British Columbia 430km NW of Prince George 100% silver royalty Significant existing
Slide 8: Kemess Mineralization Cross Section
Kemess Mineralization Cross Section Centerra is evaluating technical concepts & trade-off studies for potential restart options at Kemess 2024 year-end resources at Kemess are based on a block cave concept. Centerra is expected to provide an updated resource estimate and an accompanying update on th
Slide 9: Sustainability Highlights
Sustainability Highlights Committed to responsible mining; Progress has been made in our environmental and permitting efforts PERMITTING PROGRESS GHG EMISSION REDUCTION INITIATIVES Mount Milligan: Actively engaged with the BC government Completed a thorough analysis of potential GHG reduction as we
Slide 10: Mount Milligan Operating Highlights
Mount Milligan Operating Highlights Consistent operating performance; Costs at the low end of the guidance range Q4 AND FY 2024 HIGHLIGHTS Operating Highlights Production: Q4 2024 FY 2024 Tonnes mined (000s) 9,622 46,070 Q4 2024: 37,660 ounces gold and 12.8M pounds copper Tonnes ore mined (000s) 5,8
Slide 11: Öksüt Mine Operating Highlights
Öksüt Mine Operating Highlights In Q4 2024, Öksüt achieved the greatest number of tonnes moved in the mine’s history Q4 AND FY 2024 HIGHLIGHTS Operating Highlights Production: Q4 2024 FY 2024 Tonnes mined (000s) 4,439 16,937 Q4 2024: 35,564 ounces of gold Tonnes ore mined (000s) 1,312 4,128 FY 2024:
Slide 12: Thompson Creek Restart Highlights
Thompson Creek Restart Highlights Thompson Creek restart activities continued to advance in Q4 2024 THOMPSON CREEK RESTART PROGRESSING WELL Personnel: 170 operating personnel Material Movement: 2 electric rope shoves in operation 14 trucks in operation Q4 2024 Achievements: Detailed engineering work
Slide 13: Financial Results
Financial Results Financials ($M, except as noted) Q4 2024 FY 2024 Net earnings (loss) ($52.5) $80.4 Net earnings (loss) per common share - $/share basic(2) ($0.25) $0.38 Adjusted net earnings (loss)(1) $36.6 $152.9 Adjusted net earnings (loss) per common share - $/share basic(1,2) $0.17 $0.72 Gold
Slide 14: Financial Highlights
Financial Highlights Strong cash flow with robust contributions from Mount Milligan; Total liquidity of $1 billion Q4 2024 CASH GENERATION $100 93 Cash Credit 77 $625M Facility $80 65 $400M $60 52 47 41 $40 TOTAL $M $20 LIQUIDITY(2) $1.02B $0 -$20 -12 -$40 -35 -$60 (1) Cash Provided by Operations Fr
Slide 15: 2025 Guidance
2025 Guidance 2025 Consolidated Guidance 2024 Actuals 2025 Guidance Gold Production (Koz) 368 270 – 310 Copper Production(2,3,4) (Mlb) 54 50 – 60 Gold Production Costs ($/oz) 913 1,100 – 1,200 All-in Sustaining Costs on a by-product basis(1,3,4) ($/oz) 1,148 1,400 – 1,500 Additions to PP&E ($M) 178.
Slide 16: Questions
TSX CG NYSE CGAU QUESTIONS 1 University Avenue, Suite 1800 phone 416-204-1953 Toronto, Ontario M5J 2P1 fax 416-204-1954 email investor@centerragold.com