Centerra Gold Inc. · TSX:CG
Centerra Gold — Q2 2025 Earnings Presentation
13 slides from Centerra Gold's earnings presentation, Aug 7, 2025
Slide 1: Building a Strong Platform for Future Growth
TSX CG NYSE CGAU BUILDING A STRONG PLATFORM FOR FUTURE GROWTH Second Quarter 2025 Results Conference Call & Webcast AUGUST 7, 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: Q2 2025 Summary
Q2 2025 Summary Both Mount Milligan and Öksüt contributed to strong cash flow generation in Q2 2025 Q2 2025 OPERATING HIGHLIGHTS Q2 2025 FINANCIAL HIGHLIGHTS Q2 2025 Consolidated Production and Costs Q2 2025 EPS and Adjusted EPS: $0.33/share and $0.26/share Production: 63,311 ounces gold; 12.4M poun
Slide 5: Goldfield Project Summary
Goldfield Project Summary Unlock value at Goldfield by proceeding with project development, which is expected to yield $245M after-tax NPV5% and 30% IRR based on $2,500/oz Au price(1,4) GOLDFIELD PROJECT DETAILS(5) ATTRACTIVE ECONOMICS(5) Near-Term Gold Production Growth: Mine life of ~7 years, Stro
Slide 6: Goldfield Project Infrastructure
Goldfield Project Infrastructure Major construction is expected to advance in 2027, with approximately 85% of the initial capital forecast to be evenly weighted across 2027 and 2028. First production is expected by the end of 2028 6
Slide 7: Sustainability Highlights
Sustainability Highlights Our Vision is to build a team-based culture of excellence that responsibly delivers sustainable value and growth ENVIRONMENTAL SOCIAL GOVERNANCE Centerra completed a climate resiliency plan Reduced total reportable injury Remain in conformance of the World outlining key cli
Slide 8: Mount Milligan Operating Highlights
Mount Milligan Operating Highlights Updated 2025 gold production and cost guidance ranges; 2025 copper production guidance reaffirmed Q2 2025 HIGHLIGHTS Operating Highlights Production: Q2 2025 Q2 2025 YTD Tonnes mined (000s) 12,048 23,467 Q2 2025: 35,058 ounces gold and 12.4M pounds copper Tonnes o
Slide 9: Öksüt Mine Operating Highlights
Öksüt Mine Operating Highlights 32% increase quarter-over-quarter in cash flow from operations before working capital & income taxes paid Q2 2025 HIGHLIGHTS Operating Highlights Production: Q2 2025 Q2 2025 YTD Tonnes mined (000s) 4,629 7,772 Q2 2025: 28,253 ounces of gold Tonnes ore mined (000s) 1,2
Slide 10: Thompson Creek Restart: Q2 2025 Highlights
Thompson Creek Restart: Q2 2025 Highlights Thompson Creek restart activities continued to progress in Q2 2025 THOMPSON CREEK RESTART HIGHLIGHTS Capital Expenditures Q2 2025 Non-sustaining capital expenditures(1): $27 million Total non-sustaining capital expenditures(1) since the restart decision in
Slide 11: Financial Results
Financial Results Financials ($M, except as noted) Q2 2025 Q2 2025 YTD Net earnings (loss) $68.6 $99.0 Net earnings (loss) per common share - $/share basic(2) $0.33 $0.48 Adjusted net earnings (loss)(1) $52.7 $79.0 Adjusted net earnings (loss) per common share - $/share basic(1,2) $0.26 $0.38 Gold o
Slide 12: Financial Highlights
Financial Highlights Strong cash flow generation from Mount Milligan in Q2 2025; Total liquidity of $922 million Q2 2025 CASH GENERATION $70 Cash Credit $60 57 $522M Facility $400M $50 43 $40 $30 25 TOTAL $M $20 LIQUIDITY(2) $10 $922M $0 -1 -$10 -$20 -18 -$30 -27 -26 -28 -$40 (1) Cash Provided by Op
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