Centerra Gold Inc. · TSX:CG
Centerra Gold — Q3 2021 Earnings Presentation
19 slides from Centerra Gold's earnings presentation, Nov 5, 2021
Slide 1: Deliver on Results: 2021 Third Quarter Results
Mount Milligan DELIVER ON RESULTS 2021 Third Quarter Results Conference Call – November 5, 2021 Öksüt TSX: CG NYSE: CGAU www.centerragold.com
Slide 2: Senior Management Participants
Senior Management Participants Industry Background Experience SCOTT PERRY • Appointed Chief Executive Officer in November 2015 President and Chief Executive +25 years • Former Chief Executive Officer at AuRico Gold Officer DAN DESJARDINS • Appointed Chief Operating Officer in January 2020 +30 years
Slide 3: 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 4: 2021 Third Quarter Results – Scott Perry, President & CEO
Mount Milligan DELIVER ON RESULTS 2021 Third Quarter Results Scott Perry – President & CEO Öksüt TSX: CG NYSE: CGAU www.centerragold.com
Slide 5: Q3 – 2021 Corporate Highlights: Operational
Q3 – 2021 Corporate Highlights Operational Highlights Safety – Öksüt achieved two million work hours without a lost-time injury, Endako achieved eight years and the Thompson Creek Mine and Langeloth Facility each achieved one year without a lost-time injury All sites maintaining proactive COVID-19 m
Slide 6: Q3 – 2021 Corporate Highlights: Financial
Q3 – 2021 Corporate Highlights Financial Highlights Q3 2021 Net Earnings of $27.6MM or $0.09 per share (basic) Adjusted Net Earnings1 of $35.7MM or $0.12 per share (basic) Q3 2021 Cash Provided by Operating Activities of $62.4MM or $0.21 per share, (Mount Milligan $43.3MM, Öksüt $52.1MM) Q3 2021 Fre
Slide 7: Q3 – 2021 ESG Update
Q3 – 2021 ESG Update ESG Highlights Continued focus on safety leadership training/awareness. Maintained and strengthened our “Social Licence to Operate” at all operations with no interruptions for ~99 months. Completed our external assurance on our Scope 1 and Scope 2 greenhouse gas (GHG) emissions.
Slide 8: 2021 Third Quarter Results – Dan Desjardins, VP & COO
Mount Milligan DELIVER ON RESULTS 2021 Third Quarter Results Dan Desjardins – VP & COO Öksüt TSX: CG NYSE: CGAU www.centerragold.com
Slide 9: Q3-2021 Operating Highlights
Q3-2021 Operating Highlights Achieved two million work hours at Öksüt without a lost time injury, eight years at the Endako Mine and one year at both the Thompson Creek Mine and Langeloth Facility without a lost time injury All sites maintaining proactive COVID-19 measures At Mount Milligan and Öksü
Slide 10: 2021 Öksüt Mine
2021 Öksüt Mine Öksüt continued mining in the Keltepe Pit and Guneytepe Pit in the third quarter Öksüt mining moving into high grade zones for the fourth quarter and 2022 Expanding Öksüt Brownfield Exploration Drilling Program to 30,000 metres Lowered Cost Guidance at Öksüt (gold production
Slide 11: 2021 Operations Key Focus
2021 Operations Key Focus Continue to Improve Safety Performance Company-wide Lowered Cost Guidance at Öksüt Mount Milligan Adequate Volumes of Stored Water to Run at Full Capacity for the Year Staged Flotation Reactors Installation on Track at Mount Milligan Aimed at Improving Recoveries
Slide 12: Centerra: 2021 Updated Guidance
Centerra: 2021 Updated Guidance Mount 2021 Production Guidance Units Kumtor(1) Öksüt Centerra(2) Milligan(2) Gold Total Gold Payable Production (Koz) - 180-200 90-110 270-310 Copper Total Copper Payable Production (Mlb) - 70-80 - 70-80 2021 All-in Sustaining Unit Costs(3) Units Kumtor(1) Mount Milli
Slide 13: 2021 Third Quarter Results – Darren Millman, VP & CFO
Mount Milligan DELIVER ON RESULTS 2021 Third Quarter Results Darren Millman – VP & CFO Öksüt TSX: CG NYSE: CGAU www.centerragold.com
Slide 14: Q3-2021 Financial Highlights
Q3-2021 Financial Highlights1 Quarter Ended Quarter Ended (in thousands, except ounces, per share amounts, and average realized price2) Sept. 30, 2021 Sept. 30, 2020 Revenues $220,561 $251,247 Gold ounces sold from continuing operations 75,721 95,937 Total copper pounds sold (000s) 18,512 21,726 Cas
Slide 15: Q3-2021 Other Financial Highlights
Q3-2021 Other Financial Highlights Gold Sales from Continuing Operations of 75,721 ounces / Copper Sales of 18.5 million pounds in Q3 2021 Q3 2021 Net Earnings of $27.6MM, $0.09 per Common Share (basic) Adjusted Net Earnings1 for Q3 2021 of $35.7MM, $0.12 per common share (basic) Q3 2021 Production
Slide 16: Centerra: Cash Flow
Centerra: Cash Flow Cash Flow From Operations including Kumtor 3,4 (US$MM’s) Consolidated Free Cash Flow including Kumtor 3,4 (US$MM’s) 2000 1806 1760 500 2000 1806 400 1760 1800 1620 1627 1571 450 1800 1620 1627 1487 1542 1571 1542 350 1600 1403 359 400 1600 1487 1374 1374 1403 281 1400 1237 350 14
Slide 17: 2021 Third Quarter Results – Summary, Scott Perry
Mount Milligan DELIVER ON RESULTS 2021 Third Quarter Results Summary – Scott Perry Öksüt TSX: CG NYSE: CGAU www.centerragold.com
Slide 18: Centerra: Built For Success
Centerra: Built For Success Corporate Highlights (Continuing Operations Basis) Retained Earnings Profile (US$) 2021 estimated gold production guidance up to 310koz, and 2,000 2,000 copper production up to 80Mlbs; AISC1 of $700/oz to $750/oz; AIC1 of $850/oz to $900/oz 1,800 1,600 1,600 2021 estimate
Slide 19: Q&A
Mount Milligan DELIVER ON RESULTS 2021 Third Quarter Results Q&A Öksüt TSX: CG NYSE: CGAU www.centerragold.com