Centerra Gold Inc. · TSX:CG
Centerra Gold — Q3 2024 Earnings Presentation
13 slides from Centerra Gold's earnings presentation, Nov 1, 2024
Slide 1: Building a Strong Platform for Future Growth
TSX CG NYSE CGAU BUILDING A STRONG PLATFORM FOR FUTURE GROWTH Third Quarter 2024 Results Conference Call & Webcast NOVEMBER 1, 2024
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: Q3 2024 Summary
Q3 2024 Summary Consistent operating performance drives continued strong cash flow from operations Q3 2024 HIGHLIGHTS CENTERRA’S STRATEGIC PLAN Q3 2024 Consolidated Production and Costs Over the last year, Centerra has made significant progress delivering on the strategic plan Production: 93,712 oun
Slide 5: US Molybdenum Operations Strategy
US Molybdenum Operations Strategy Unlock significant value through the restart of Thompson Creek Mine and a progressive ramp-up of production at Langeloth. Combined value of $472M after-tax NPV8% and 22% IRR based on $20/lb Mo price ROBUST INTEGRATED ECONOMICS(2) THOMPSON CREEK FEASIBILITY STUDY Str
Slide 6: Project Pipeline: Goldfield and Kemess
Project Pipeline: Goldfield and Kemess Goldfield Project Kemess Project 100% Acquired in 100% Acquired in Esmeralda County, Owned(1) 2022 North Central British Columbia, owned 2018 Nevada Canada 100% silver royalty 30km south of Tonopah 430km NW of Prince George with Triple Flag PROJECT DETAILS Expl
Slide 7: ESG Highlights
ESG Highlights Committed to upholding high ESG standards focusing on the communities where we operate MOUNT MILLIGAN SOCIAL PERFORMANCE ÖKSÜT EMPOWERING WOMEN ENTREPRENEURS Mount Milligan collaborated with First Nation Partners and the Öksüt won 11 awards across three distinguished local school dist
Slide 8: Mount Milligan Operating Highlights
Mount Milligan Operating Highlights Consistent operating performance; 2024 guidance is unchanged Q3 2024 HIGHLIGHTS Operating Highlights Production: Q3 2024 YTD 2024 42,993 ounces gold and 13.7M pounds copper Tonnes mined (000s) 11,801 36,447 Tonnes ore mined (000s) 5,066 16,085 Gold and copper sale
Slide 9: Öksüt Mine Operating Highlights
Öksüt Mine Operating Highlights As planned, in Q3 2024 Öksüt generated strong cash flow; 2024 guidance unchanged Q3 2024 HIGHLIGHTS Operating Highlights Production: Q3 2024 YTD 2024 Tonnes mined (000s) 4,930 12,498 50,719 ounces gold Tonnes ore mined (000s) 1,424 2,816 In the first nine months of 20
Slide 10: Thompson Creek Restart Highlights
Thompson Creek Restart Highlights In September 2024, Centerra announced the restart of operations at the Thompson Creek mine THOMPSON CREEK RESTART PROGRESSING WELL Personnel: 140 full time operating personnel 4 Mine Operations crews Material Movement: 2 electric rope shoves in operation 9 trucks in
Slide 11: Financial Results
Financial Results Financials ($M, except as noted) Q3 2024 YTD 2024 Net earnings (loss) $28.8 $132.9 Net earnings (loss) per common share - $/share basic(2) $0.14 $0.62 Adjusted net earnings (loss)(1) $38.6 $116.3 Adjusted net earnings (loss) per common share - $/share basic(1,2) $0.19 $0.54 Gold ou
Slide 12: Financial Highlights
Financial Highlights Continue to generate strong cash flow; Total liquidity of $1 billion Q3 2024 CASH GENERATION $120 Cash Credit 104 97 $604M Facility $100 87 $400M $80 $60 40 TOTAL $M 37 $40 LIQUIDITY(2) $20 16 $1.0B $0 -$20 -14 -$40 -45 -$60 (1) Cash Provided by Operations Free Cash Flow Cash Cr
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