Centerra Gold Inc. · TSX:CG
Centerra Gold — Q1 2024 Earnings Presentation
12 slides from Centerra Gold's earnings presentation, May 14, 2024
Slide 1: Building a Strong Platform for Future Growth
TSX CG NYSE CGAU BUILDING A STRONG PLATFORM FOR FUTURE GROWTH First Quarter 2024 Results Conference Call & Webcast May 14, 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: Q1 2024 Summary
Q1 2024 Summary Strong operating performance Q1 2024 Consolidated production: 111,341 ozs gold; 14.3M lbs copper SUMMARY Q1 2024 was another quarter of significant free cash flow; Ended the quarter with $648M in cash & cash equivalents Q1 2024 production: 48,317 ounces gold and MOUNT 14.3 million po
Slide 5: Mount Milligan Operating Highlights
Mount Milligan Operating Highlights Strong operating quarter; On track to achieve 2024 guidance Q1 2024 HIGHLIGHTS Operating Highlights Production: Q1 2024 FY 2023 Tonnes mined (000s) 12,332 50,015 48,317 ounces gold and 14.3M pounds copper Tonnes ore mined (000s) 5,414 21,278 Gold and copper produc
Slide 6: Mount Milligan Preliminary Economic Assessment
Mount Milligan Preliminary Economic Assessment Actively studyingthe PEA to evaluate thesubstantial longer-term potential resource at Mount with a goal Milligan to unlocktovalue unlock additional beyond value beyond the current 2035life 2035 mine PRELIMINARY ECONOMIC ASSESSMENT (“PEA”) Includes signi
Slide 7: Mount Milligan Site Optimization Program
Mount Milligan Site Optimization Program Site-wide optimization program with a focus on enhanced safety performance and cash flow improvement COMPREHENSIVE SITE OPTIMIZATION PROGRAM Starting in Q4 2023, Centerra has focused on looking at all aspects of the operation to maximize the potential of the
Slide 8: Mount Milligan Site Optimization: Notable Achievements
Mount Milligan Site Optimization: Notable Achievements Continue to progress site-wide optimization program, implementing tangible improvements in key areas OCCUPATIONAL HEALTH & SAFETY MINE PLANT Improved safety performance Increase in mining fleet mechanical Increased mill throughout per operating
Slide 9: Öksüt Mine Operating Highlights
Öksüt Mine Operating Highlights Started the year with another quarter of strong operational performance Q1 2024 HIGHLIGHTS Operating Highlights Production: Q1 2024 FY 2023 Tonnes mined (000s) 3,717 9,873 63,024 ounces gold Tonnes ore mined (000s) 324 486 On track to achieve full year production guid
Slide 10: Financial Results
Financial Results Financials ($M, except as noted) Q1 2024 FY 2023 Net earnings (loss) $66.4 ($81.3) Net earnings (loss) per common share - $/share basic(2) $0.31 ($0.37) Adjusted net earnings (loss)(1) $31.3 $10.5 Adjusted net earnings (loss) per common share - $/share basic(1,2) $0.15 $0.05 Gold o
Slide 11: Financial Highlights
Financial Highlights Continued to generate strong cash flow; Total liquidity exceeds $1 billion Q1 2024 CASH GENERATION $120 Cash Credit 101 99 $648M Facility $100 90 $399M 81 $80 TOTAL $M LIQUIDITY(2) $60 $40 $1.0B 30 24 $20 $0 -7 -7 -$20 Cash Provided by Operations Free Cash Flow (1) Cash Credit F
Slide 12: 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