Centerra Gold Inc. · TSX:CG
Centerra Gold — Q1 2023 Earnings Presentation
16 slides from Centerra Gold's earnings presentation, May 15, 2023
Slide 1: Building a strong, stable platform. 2023 First Quarter Results
Mount Milligan Building a strong, stable platform. 2023 First Quarter Results May 15, 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 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, followed by a Feasibility Study. Obtain all regulatory approvals to re-start operations at the Öksüt Mine. Update view of the Molybdenum Business Unit and issue a Prefeasibility Study on a restar
Slide 5: Corporate Highlights
Corporate Highlights Q1’23 production of 33,000 ounces and 13M pounds of Copper; 39,000 ounces of gold and 15M pounds of copper sold. The Company continues to evaluate strategic options for the Molybdenum Business Unit (“MBU”), including a potential restart of the Thompson Creek Mine (“TCM”) based o
Slide 6: ESG Highlights
ESG Highlights In Q1’23, Mount Milligan Mine achieved one million hours without a lost-time injury and the Thompson Creek Mine achieved one year without a reportable injury. Responsible Gold Mining Principles (“RGMP”) conformance report, along with an independent assurance letter concluding Centerra
Slide 7: Operational Highlights Q1 2023
Operational Highlights Q1 2023 CENTERRA GOLD | Q1 2023 Operating Results 7
Slide 8: Mount Milligan Mine Operating Highlights
Mount Milligan Mine Operating Highlights • Lower gold and copper production for the quarter were driven by planned mine sequencing, as well as lower plant throughput and ore grade primarily due to a planned mill maintenance shutdown and differences with the ore-waste transition zone made up with low
Slide 9: Öksüt Mine Operating Highlights
Öksüt Mine Operating Highlights Öksüt Mine Update: • Regulatory review of the amended Environmental Impact Assessment (“EIA”) remains on-track with a technical review completed with local authorities at the end of March 2023 and the EIA posted for public commentary in late April 2023. Having had no
Slide 10: Financial Highlights Q1 2023
Financial Highlights Q1 2023 CENTERRA GOLD | Q1 2023 Operating Results 10
Slide 11: Financial Results
Financial Results (in millions, except ounces and per share amounts) Q1 2023 Revenues $226.5 Gold ounces sold 38,990 Total copper pounds sold (000s) 15,332 Cash used in operating activities from continuing operations $(99.8) Free cash flow deficit(1) $(105.9) Net loss $(73.5) Adjusted net loss(1) $(
Slide 12: Earnings and Adjustments
Earnings and Adjustments Adjustments to Net Loss in Q1’23 Total ($M) $ Per Share (Basic) Net Loss $73.5 $(0.34) Reclamation Expense at Care & Maintenance Sites $15.6 $(0.07) Income Tax Adjustments $5.0 $(0.03) Adjusted Loss(1) $52.9 $(0.24) Additional Items Impacting Net Loss in Q1’23 Total ($M) $ P
Slide 13: Gold Production / Stored Gold-in-Carbon
Financial Highlights • Cash used in operating activities and free cash flow deficit(1) in Q1’23 of $(100M) and $(106M), Consolidated Gold Production (koz) respectively, were primarily due to the build-up of inventories at the MBU and due to suspension of 120 Gold Production / Stored Gold-in-Carbon p
Slide 14: 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 15: Questions
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Slide 16: 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