Centerra Gold Inc. · TSX:CG
Centerra Gold — TD Securities Mining Conference 2023
14 slides from Centerra Gold's conference presentation, Jan 25, 2023
Slide 1: Building a strong, stable platform.
Mount Milligan Building a strong, stable platform. TD Securities 2023 Mining Conference Öksüt TSX: CG NYSE: CGAU Goldfield
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 presentation contains “specified financial measures” within the meaning of National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure of the Canadian Securities Administrators. None of these specified financial measures is
Slide 4: Centerra's Short-term Strategy
Centerra’s Short-term Strategy Advance the Goldfield Project with an initial resource estimate mid-2023 and a Feasibility Study thereafter. Complete additions to the Öksüt ADR plant, obtain all regulatory approvals to re-start operations. Update view of the Molybdenum Business Unit. Continue to opti
Slide 5: Corporate Highlights
Corporate Highlights Öksüt Mine Operations Update • Processing activities including active leaching and operation of the absorption, desorption and recovery (“ADR”) plant has been suspended since August 2022; mining, crushing and stacking activities continue. • Mercury abatement retrofit to the ADR
Slide 6: ESG Highlights
ESG Highlights Achieved one million hours without a lost time injury at the Öksüt Mine in third quarter 2022. Published Centerra’s Environmental, Social, and Governance (“ESG”) Report and Conflict-Free Gold Report. Continued focus on safety leadership training/awareness. Progressed activities toward
Slide 7: Gold Production / Stored Gold-in-Carbon
Financial Highlights Consolidated Gold Production & Stored Gold-in-Carbon • Q4’22 and FY’22 gold production of 53k ounces and 244k ounces, respectively: From the Öksüt Mine (koz) • 189k ounces of gold and 74M lbs of Copper produced by the Mount Milligan Mine, and; 120 Gold Production / Stored Gold-i
Slide 8: Mount Milligan Mine
Mount Milligan Mine Q1’22 Q2’22 Q3’22 Gold Production (koz) 39 43 54 Copper Production (Mlbs) 21 17 19 Production Costs ($/oz) $647 $961 $729 All-In Sustaining Costs ($/oz)(1,2) $15 $1,245 $615 All-In Costs ($/oz) (1,2) $121 $1,334 $679 • Stable, mining-friendly jurisdiction. • Q3’22 cash provided b
Slide 9: Mount Milligan 2022 LOM Highlights
Mount Milligan 2022 LOM Highlights NPV of $486M 5% Discount Rate $1,500/oz Gold / $3.25/lb Copper NPV of $797M 5% Discount Rate $1,700/oz Gold / $3.50/lb Copper • Mine life extended by over four years; extended open pit mining and milling operations to Updated Proven and Probable Mineral Reserves(1)
Slide 10: Öksüt Mine
Öksüt Mine 2021 Q1’22 Gold Production (koz) 112 55 Production Costs ($/oz) $457 $386 All-In Sustaining Costs ($/oz)(1,2) $668 $451 All-In Costs ($/oz) (1,2) $694 $459 Öksüt Mine Operations Update • Processing activities including active leaching and operation of the absorption, desorption and recove
Slide 11: Goldfield Project
Goldfield Project Transaction Overview Closing Payment (paid February 28 2022) $177M Future Milestone Payment(1) $31.5M 2022 Budget Spend $15-$20M Adds high-quality, open-pit, heap-leach development project. Improves geographic profile and provides new platform of operation in Tier 1 mining jurisdic
Slide 12: Molybdenum Business Unit ("MBU")
Molybdenum Business Unit (“MBU”) Thompson Creek Mine 35.0 • Located in Idaho, TCM is the world’s fourth largest open-pit primary molybdenum mine. 30.0 • Operations began in 1983 using conventional open-pit mining and an on-site $29.13 25,500 tpd mill. • $ USD per Pound Placed on care and maintenance
Slide 13: Disclosure - NI 43-101 Technical Report & Qualified Persons
Disclosure - NI 43-101 Technical Report & Qualified Persons NI 43-101 Technical Report The LOM is included in a new technical report filed on November 7, 2022 (the “2022 Mount Milligan Technical Report”). The 2022 Mount Milligan Technical Report includes revisions to the resource model, metallurgica
Slide 14: Thank you
Thank you University Avenue, Suite 1500 Toronto, ON M5J 2P1 Tel: +1 (416) 204-1953 Fax: +1 (416) 204-1954 Email: info@centerragold.com