Centerra Gold Inc. · TSX:CG
Centerra Gold — Q3 2018 Earnings Presentation
17 slides from Centerra Gold's earnings presentation, Oct 31, 2018
Slide 1: Third Quarter Results Conference Call – October 31, 2018
Third Quarter Results Conference Call – October 31, 2018 TSX: CG www.centerragold.com
Slide 2: Caution Regarding Forward-Looking Information
Caution Regarding Forward-Looking Information Information contained in this document which are not statements of historical facts, and the documents incorporated by reference herein, may be “forward-looking information” for the purposes of Canadian securities laws. Such forward-looking information i
Slide 3: Third Quarter Results – Scott Perry, President & CEO
Third Quarter Results – October 31, 2018 Scott Perry - President & CEO TSX: CG www.centerragold.com
Slide 4: Q3 - 2018 Corporate Highlights
Q3 - 2018 Corporate Highlights Safety – Continue to Roll Out Phase 2 of Work Safe – Home Safe Öksüt Project Construction Progressing On Time and On Budget Received Access to Additional Short-term Water Sources at Mount Milligan Made Applications for Medium-term (3-year) Additional/Extended Wat
Slide 5: Q3 - 2018 Corporate Update
Q3 - 2018 Corporate Update 2018 YTD Cash Flow (US$MM’s) Liquidity Profile Sept.30, 2018 (US$MM’s) 700 600 155 246 500 249 417 400 27 22 126 US$545MM 300 195 195 200 101 100 3 0 Cash Reserves 2 Revolver Credit Facility 3 Oksut Credit Facility 1 1 2017 YE Cash Proceeds from AMI Acquisition Mt Milligan
Slide 6: Centerra: Lower-Cost Asset Base
Centerra: Lower-Cost Asset Base AISC Industry Curve (By-P roduct Basis) 0% 25% 50% 75% 100% $2,500 Centerra Gold (US$782-829/oz Au) $2,250 $2,000 Kemess Underground (US$244/oz)(1) Kumtor AISC, net (US$/oz Au) $1,750 (US$700-750/oz) $1,500 Mount Milligan $1,250 (US$825-875/oz) $1,000 Öksüt (US$490/oz
Slide 7: Operating Highlights
Q3-2018 Operating Highlights Q3 2018 gold production - Kumtor 122,445 ounces, Mount Milligan 58,798 ounces Q3 2018 copper production - Mount Milligan 12,704,000 pounds Mount Milligan throughput averaged 40,805 tpd (55,000 tonnes per operating day) Increased gold production guidance at Kumtor to 490,
Slide 8: Mount Milligan - Update
Q3-2018 Mount Milligan - Update Significant Improvement in Maintenance at Mount Milligan Operated Mill at roughly 55,000 tonnes per operating day during quarter Gold and Copper Recoveries Continue to Improve Year-to-date Received Access to Additional Short-term Water Sources at Mount Milligan Made A
Slide 9: Öksüt Construction
Q3-2018 Öksüt Construction Installing Road Barriers Crusher Area Construction Primary Crusher Retaining Wall Secondary Crusher Foundations ADR Plant Area Construction Electric Sub-Station Construction October 2018 9
Slide 10: Third Quarter Financial Results – Darren Millman, VP & CFO
Third Quarter Financial Results – October 31, 2018 Darren Millman - VP & CFO TSX: CG www.centerragold.com
Slide 11: Financial Highlights
Q3-2018 Financial Highlights1 Quarter Ended Quarter Ended (in thousands, except ounces, per share amounts, and average realized price2) Sept 30, 2018 Sept 30, 2017 Revenue $259,099 $276,237 Total gold ounces sold 166,716 174,099 Total copper pounds sold (000’s) 13,605 18,644 Operating cash flow befo
Slide 12: Other Financial Highlights
Q3-2018 Other Financial Highlights Gold Sales of 166,716 ounces / Copper Sales of 13.6 million pounds in Q3, 2018 Consolidated Third Quarter 2018 AISC1 of $698 per ounce Q3, 2018 AISC1 of $662 per ounce at Kumtor and $677 per ounce at Mount Milligan Liquidity of $545 Million Cash Provided by Operati
Slide 13: Q & A Session and Appendix
Third Quarter Results – October 31, 2018 Q & A Session and Appendix TSX: CG www.centerragold.com
Slide 14: Mount Milligan – Short-term Water Sources
Q3-2018 Mount Milligan – Short-term Water Sources October 2018 14
Slide 15: Centerra: Q3 Revised 2018 Guidance
Centerra: Q3 Revised 2018 Guidance 2018 Production Guidance Units Kumtor Mount Milligan(1) Centerra Gold Total Gold Payable Production(2) (Koz) 490 – 510 175 – 195 665 – 705 Copper Total Copper Payable Production(3) (Mlb) – 40 – 47 40 – 47 2018 All-in Sustaining Unit Costs (5) Kumtor Mount Milligan(
Slide 16: Centerra: 2018 Guidance Sensitivities
Centerra: 2018 Guidance Sensitivities Impact on Impact on ($ millions) ($ per ounce sold) Change Net Earnings AISC(3) on by-product Costs Revenues Cash flows (after tax) basis Gold price(1) $50/oz 1.7 – 2.0 10.2 – 11.8 8.5 – 9.8 8.5 – 9.8 - Copper price(1) 10% 0.5 – 1.0 2.0 – 3.6 1.5 – 2.6 1.5 – 2.6
Slide 17: TSX: CG www.centerragold.com
TSX: CG www.centerragold.com