Centerra Gold Inc. · TSX:CG
Centerra Gold — Q3 2023 Earnings Presentation
10 slides from Centerra Gold's earnings presentation, Nov 23, 2023
Slide 1: Building a Strong Platform for Future Growth
TSX CG NYSE CGAU BUILDING A STRONG PLATFORM FOR FUTURE GROWTH Third Quarter 2023 Results Conference Call & Webcast NOVEMBER 2023
Slide 2: 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 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 2023 Summary
Q3 2023 Summary Strong Q3 2023 performance with significant free cash flow Q3 2023 generation and substantial increase to cash balance SUMMARY 2023 consolidated production guidance remains on-track: 340,000 – 360,000 ounces gold, 60 – 70M lbs copper Produced 86,667 ounces gold in Q3 2023 ÖKSÜT MINE
Slide 5: Mount Milligan Operating Highlights
Mount Milligan Operating Highlights Drive operational and technical improvements to unlock the full potential of this cornerstone asset Q3 2023 HIGHLIGHTS 2023 GUIDANCE Production: 39,554 ounces gold and 15.0M pounds copper Gold production guidance lowered: 150,000 – 160,000 ozs Costs: gold producti
Slide 6: Öksüt Mine Operating Highlights
Öksüt Mine Operating Highlights Ramp-up of operations in Q3 2023 exceeded expectations Q3 2023 HIGHLIGHTS 2023 GUIDANCE Production: 86,667 ounces gold Gold production guidance increased: 190,000 – 200,000 ozs, as a result of a successful ramp-up of production in Q3 2023 Costs: gold production costs
Slide 7: Financial Results
Financial Results Financials ($M, except as noted) Q3 2023 YTD 2023 Net earnings (loss) $60.6 ($52.5) Net earnings (loss) per common share - $/share basic(2) $0.28 ($0.24) Adjusted net earnings (loss)(1) $44.4 ($50.7) Adjusted net earnings (loss) per common share - $/share basic(1,2) $0.20 ($0.23) G
Slide 8: Financial Highlights
Financial Highlights We expect robust free cash flow generation in Q4 2023 to further increase our cash balance Q3 2023 CASH GENERATION $180 167 Cash Credit $492M Facility $160 144 145 $398M $140 134 $120 TOTAL $M $100 LIQUIDITY(2) $80 $890M $60 $40 36 25 $20 9 9 $0 Cash Provided by Operations Free
Slide 9: Questions
QUESTIONS
Slide 10: Thank You!
TSX CG NYSE CGAU THANK YOU! 1 University Avenue, Suite 1500 phone 416-204-1953 Toronto, Ontario M5J 2P1 fax 416-204-1954 email info@centerragold.com