Centerra Gold Inc. · TSX:CG
Centerra Gold — Q1 2025 Earnings Presentation
13 slides from Centerra Gold's earnings presentation, May 6, 2025
Slide 1: Building a Strong Platform for Future Growth
TSX CG NYSE CGAU BUILDING A STRONG PLATFORM FOR FUTURE GROWTH First Quarter 2025 Results Conference Call & Webcast MAY 6, 2025
Slide 2: Cautionary Statement on Forward Looking Information
Cautionary Statement on Forward Looking Information All statements, other than statements of historical fact contained or incorporated by reference in this document, which address events, results, outcomes or developments that the Company expects to occur are, or may be deemed to be, forward-looking
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: Q1 2025 Summary
Q1 2025 Summary Positive free cash flow at both operations in Q1 2025; Maintained 2025 production and cost guidance Q1 2025 OPERATING HIGHLIGHTS Q1 2025 FINANCIAL HIGHLIGHTS Q1 2025 Consolidated Production and Costs Q1 2025 EPS and Adjusted EPS: $0.15/share and $0.13/share Production: 59,379 ounces
Slide 5: Kemess Mineralization Cross Section
Kemess Mineralization Cross Section Centerra has increased 2025 exploration guidance at Kemess to between $10 and $12 million, up from $4 to $6 million previously, with a total of 28,500 meters of drilling planned, encouraged by strong results 5
Slide 6: Kemess Preliminary Economic Assessment
Kemess Preliminary Economic Assessment Centerra is moving forward with a PEA on the Kemess project, using an open pit and underground operation with longhole open stoping, which is expected to be completed by end of 2025 KEMESS STUDY PLAN Preliminary Economic Assessment for Kemess is expected to be
Slide 7: Sustainability Highlights
Sustainability Highlights Progress continues on our permitting efforts at Mount Milligan PERMITTING PROGRESS SUSTAINABILITY REPORTING In March 2025, Centerra submitted an amended application Centerra continues to advance a commitment to responsible for operating permits at Mount Milligan mining prac
Slide 8: Mount Milligan Operating Highlights
Mount Milligan Operating Highlights Consistent operating performance; Maintained 2025 production guidance, weighted to H2 2025 Q1 2025 HIGHLIGHTS Operating Highlights Production: Q1 2025 FY 2024 Tonnes mined (000s) 11,058 46,070 Q1 2025: 35,880 ounces gold and 11.6M pounds copper Tonnes ore mined (0
Slide 9: Öksüt Mine Operating Highlights
Öksüt Mine Operating Highlights Positive cash flow in Q1 2025; Maintained 2025 production guidance, weighted to H2 2025 Q1 2025 HIGHLIGHTS Operating Highlights Production: Q1 2025 FY 2024 Tonnes mined (000s) 3,143 16,937 Q1 2025: 23,499 ounces of gold Tonnes ore mined (000s) 984 4,128 Costs: Ore min
Slide 10: Thompson Creek Restart: Q1 2025 Highlights
Thompson Creek Restart: Q1 2025 Highlights Thompson Creek restart activities continued to progress in Q1 2025 THOMPSON CREEK RESTART HIGHLIGHTS Capital Expenditures Q1 2025 Non-sustaining capital expenditures(1): $26 million Since the restart decision in September 2024, non- sustaining capital expen
Slide 11: Financial Results
Financial Results Financials ($M, except as noted) Q1 2025 FY 2024 Net earnings (loss) $30.5 $80.4 Net earnings (loss) per common share - $/share basic(2) $0.15 $0.38 Adjusted net earnings (loss)(1) $26.4 $152.9 Adjusted net earnings (loss) per common share - $/share basic(1,2) $0.13 $0.72 Gold ounc
Slide 12: Financial Highlights
Financial Highlights Positive cash flow in Q1 2025 from both Mount Milligan and Öksüt; Total liquidity of $1 billion Q1 2025 CASH GENERATION $80 Cash Credit $608M Facility $60 59 $400M 50 39 42 $40 27 TOTAL $M $20 LIQUIDITY(2) 10 $1.0B $0 -6 -$20 -$40 -34 (1) Cash Provided by Operations Free Cash Fl
Slide 13: 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