Centerra Gold Inc. · TSX:CG
Centerra Gold — Q2 2018 Earnings Presentation
22 slides from Centerra Gold's earnings presentation, Aug 1, 2018
Slide 1: Second Quarter Results Conference Call
Second Quarter Results Conference Call – August 1, 2018 TSX: CG 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 +20 years • Former Chief Executive Officer at AuRico Gold Officer GORDON REID +30 years • Appointed Chief Operating Officer in January, 2013 C
Slide 3: 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 4: Second Quarter Results – Scott Perry, President & CEO
Second Quarter Results – August 1, 2018 Scott Perry - President & CEO TSX: CG www.centerragold.com
Slide 5: Q2 - 2018 Corporate Highlights
Q2 - 2018 Corporate Highlights Safety – Kumtor achieved 1-Year & 6 million man-hours without a lost time injury April 11, 2018 Sold Royalty Portfolio for $155MM (Plus: $45MM Silver Stream on Kemess) Closed Öksüt Credit Facility with an Initial Draw of $15MM Öksüt Project Construction Progres
Slide 6: Q2 - 2018 Corporate Update
Q2 - 2018 Corporate Update 2018 YTD Cash Flow (US$MM’s) Liquidity Profile June 30, 2018 (US$MM’s) 700 600 155 246 $251 500 417 400 35 US$574MM 4 300 107 188 $188 $135 200 100 2 3 3 0 1 1 Cash Reserves Revolver Credit Facility Oksut Credit Facility 2017 YE Cash Proceeds from AMI Acquisition Mt Millig
Slide 7: Centerra: Lower-Cost Asset Base
Centerra: Lower-Cost Asset Base • Kemess Underground represents a potential additional Centerra mine in the bottom quartile of global gold producers AISC Industry Curve (By-P roduct Basis) 0% 25% 50% 75% 100% $2,500 Centerra Gold (US$812-903/oz Au) $2,250 $2,000 Kemess Underground (US$244/oz)(1) Kum
Slide 8: Second Quarter Operating Results – Gordon Reid, VP & COO
Second Quarter Operating Results – August 1, 2018 Gordon Reid - VP & COO TSX: CG www.centerragold.com
Slide 9: Q2-2018 Operating Highlights
Q2-2018 Operating Highlights Q2 2018 gold production - Kumtor 83,803 ounces, Mount Milligan 46,380 ounces Q2 2018 copper production - Mount Milligan 16,449,000 pounds Mount Milligan throughput averaged 47,000 tpd (52,000 tonnes per operating day) Lowered gold and copper guidance at Mount Milligan to
Slide 10: Q2-2018 Mount Milligan - Update
Q2-2018 Mount Milligan - Update Significant Improvement in Maintenance at Mount Milligan, Achieved Target of 80% Planned and 20% Unplanned Operated Mill for 30 Consecutive Days at Greater Than 60,000 tpd Gold and Copper Recoveries Continue to Improve Year-to-date Water Balance Low in Tailing Storage
Slide 11: Q2-2018 Mount Milligan – Short-term Water Sources
Q2-2018 Mount Milligan – Short-term Water Sources August 2018 11
Slide 12: Q2-2018 Mount Milligan Exploration
Q2-2018 Mount Milligan Exploration C. Paul Jago, a Member of the Engineers and Geoscientists British Columbia, is Centerra’s qualified person for the purpose of National August 2018 Instrument 43-101. 12
Slide 13: Q2-2018 Öksüt Construction
Q2-2018 Öksüt Construction Main Access Road Main Access Road Construction Site Road Construction Crusher Area Excavation Heap Leach Pad Construction Boundary Fence Construction August 2018 13
Slide 14: Second Quarter Financial Results – Darren Millman, VP & CFO
Second Quarter Financial Results – August 1, 2018 Darren Millman - VP & CFO TSX: CG www.centerragold.com
Slide 15: Q2-2018 Financial Highlights
Q2-2018 Financial Highlights1 Quarter Ended Quarter Ended (in thousands, except ounces, per share amounts, and average realized price2) June 30, 2018 June 30, 2017 Revenue $243,315 $279,218 Total gold ounces sold 140,427 188,225 Total copper pounds sold (000’s) 12,668 14,358 Operating cash flow befo
Slide 16: Q2-2018 Other Financial Highlights
Q2-2018 Other Financial Highlights Gold Sales of 140,427 ounces / Copper Sales of 12.7 million pounds in Q2, 2018 Consolidated Second Quarter 2018 AISC1 of $996 per ounce Q2, 2018 AISC1 of $1,071 per ounce at Kumtor and $700 per ounce at Mount Milligan Increase in Liquidity to $574 Million and reduc
Slide 17: Summary – Scott Perry
Second Quarter Results – August 1, 2018 Summary – Scott Perry TSX: CG www.centerragold.com
Slide 18: Centerra: Lower-Cost Asset Base
Centerra: Lower-Cost Asset Base • Kemess Underground represents a potential additional Centerra mine in the bottom quartile of global gold producers AISC Industry Curve (By-P roduct Basis) 0% 25% 50% 75% 100% $2,500 Centerra Gold (US$812-903/oz Au) $2,250 $2,000 Kemess Underground (US$244/oz)(1) Kum
Slide 19: Q & A Session and Appendix
Second Quarter Results – August 1, 2018 Q & A Session and Appendix TSX: CG www.centerragold.com
Slide 20: Centerra: Revised 2018 Guidance
Centerra: Revised 2018 Guidance 2018 Production Guidance Units Kumtor Mount Milligan(1) Centerra Gold Total Gold Payable Production(2) (Koz) 450 – 500 175 – 195 625 – 695 Copper Total Copper Payable Production(3) (Mlb) – 40 – 47 40 – 47 2018 All-in Sustaining Unit Costs (5) Kumtor Mount Milligan(1)
Slide 21: Centerra: 2018 Guidance Sensitivities
Centerra: 2018 Guidance Sensitivities Impact on Impact on ($ millions) ($ per ounce sold) Change Net Earnings AISC(3) on by-product Costs Revenues Cash flows (after tax) basis Gold price(1) $50/oz 2.7 – 3.2 15.7 – 18.8 13.0 – 15.6 13.0 – 15.6 0-1 Copper price(1) 10% 1.5 – 2.0 5.4 – 7.0 3.9 – 5.0 3.9
Slide 22: TSX: CG www.centerragold.com
TSX: CG www.centerragold.com