Centerra Gold Inc. · TSX:CG
Centerra Gold — Q3 2025 Earnings Presentation
13 slides from Centerra Gold's earnings presentation, Oct 29, 2025
Slide 1: Building a Strong Platform for Future Growth
TSX CG NYSE CGAU BUILDING A STRONG PLATFORM FOR FUTURE GROWTH Third Quarter 2025 Results Conference Call & Webcast OCTOBER 29, 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: Q3 2025 Summary
Q3 2025 Summary Nearly $100 million of free cash flow generated in Q3 2025, driven by strong operational performance at Öksüt and elevated metal prices Q3 2025 OPERATING HIGHLIGHTS Q3 2025 FINANCIAL HIGHLIGHTS Q3 2025 Consolidated Production and Costs Q3 2025 EPS and Adjusted EPS: $1.44/share and $0
Slide 5: Mount Milligan PFS Summary
Mount Milligan PFS Summary(1) PFS LOM extension to 2045 is supported by an optimized mine plan, with a low growth capital investment PRODUCTION PROFILE NON-SUSTAINING CAPITAL EXPENDITURES(2) Average annual production from 2026-2042, of approximately 150K Non-Sustaining Capital(2) Breakdown Total ($M
Slide 6: Mount Milligan Mineralization Cross Section
Mount Milligan Mineralization Cross Section Actively studying Mineralization the longer-term remains open to thepotential at Mount west of the Milligan current to unlock resource pit additional value beyond 2035 6
Slide 7: Sustainability Highlights
Sustainability Highlights Committed to upholding high sustainability standards focusing on climate change and the communities where we operate CLIMATE CHANGE STRATEGY SOCIAL PERFORMANCE Renewable Diesel Pilot Project: Advancing renewable diesel Mount Milligan Pre-Employment & Training Education pilo
Slide 8: Mount Milligan Operating Highlights
Mount Milligan Operating Highlights 2025 gold and copper production remains in line with the recently published PFS Q3 2025 HIGHLIGHTS Operating Highlights Q3 2025 Q3 2025 YTD Production: Tonnes mined (000s) 12,256 35,723 Q3 2025: 32,539 ounces gold and 13.4M pounds copper Tonnes ore mined (000s) 5,
Slide 9: Öksüt Mine Operating Highlights
Öksüt Mine Operating Highlights Strong operational performance in Q3 2025, driven by higher grades Q3 2025 HIGHLIGHTS Operating Highlights Production: Q3 2025 Q3 2025 YTD Q3 2025: 49,234 ounces of gold Tonnes mined (000s) 4,882 12,654 Costs: Tonnes ore mined (000s) 1,618 3,863 Ore mined – grade (g/t
Slide 10: Thompson Creek Restart: Q3 2025 Highlights
Thompson Creek Restart: Q3 2025 Highlights Thompson Creek restart activities continued to progress in Q3 2025 THOMPSON CREEK RESTART HIGHLIGHTS Capital Expenditures Q3 2025 Non-sustaining capital expenditures(1): $31 million Total non-sustaining capital expenditures(1) since the restart decision in
Slide 11: Financial Results
Financial Results Financials ($M, except as noted) Q3 2025 Q3 2025 YTD Net earnings (loss) $292.2 $391.2 Net earnings (loss) per common share - $/share basic(2) $1.44 $1.90 Adjusted net earnings (loss)(1) $66.4 $145.4 Adjusted net earnings (loss) per common share - $/share basic(1,2) $0.33 $0.70 Gol
Slide 12: Financial Highlights
Financial Highlights Strong cash flow generation from Öksüt in Q3 2025; Total liquidity of $962 million Q3 2025 CASH GENERATION $200 Cash Credit 162 $562M Facility $150 139 134 $400M 99 $100 64 TOTAL $M $50 45 LIQUIDITY(2) $962M $0 -16 -$50 -54 -$100 (1) Cash Provided by Operations Free Cash Flow Ca
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