Centerra Gold (CG) Investor presentation summary

Strategic overview and growth platform

• Focused on building a strong, self-funded growth platform with a diversified portfolio in gold, copper, and molybdenum across Canada, the US, and Türkiye.

• Maintains a robust balance sheet with $451M in cash and $1.05B in total liquidity, and no debt.

• Active share buyback program and consistent quarterly dividends for over six years.

• Trading at a discounted P/NAV multiple (0.56x) compared to peer average (0.7x), with significant gold and copper reserves.

• Holds 21.4 Moz AuEq global resources, 98% located in Canada and the US, supporting an attractive valuation.

Asset portfolio and operational highlights

• Mount Milligan: Mine life extended to 2045, with 2026 guidance of 140-155Koz gold and 50-60Mlbs copper at AISC of $1,200-$1,300/oz.

• Öksüt: Open pit heap leach operation in Türkiye, 2026 guidance of 120-135Koz gold at AISC of $1,850-$1,950/oz, mine life through 2029.

• Kemess: PEA outlines a 15-year mine life, annual production of 171Koz gold and 61Mlbs copper, AISC of $971/oz, with a PFS expected mid-2027.

• Goldfield: 7-year mine life, peak annual production of 100Koz gold, AISC of $1,392/oz, first production expected by end of 2028.

• US Moly: Thompson Creek restart on track for mid-2027, integrated with Langeloth facility for enhanced economics.

Financial and operating performance

• 2026 consolidated production guidance: 260-290Koz gold, 50-60Mlbs copper; gold production costs $1,500-$1,600/oz, AISC $1,650-$1,750/oz.

• Q2 2026 YTD revenue: $927.4M; adjusted net earnings: $167.5M; free cash flow: $26.1M.

• Mount Milligan YTD 2026: 24,162Kt mined, 147,581oz gold and 50.5Mlbs copper produced in 2025, AISC $1,194/oz.

• Öksüt YTD 2026: 87,055oz gold produced, AISC $1,790/oz.

• US Moly YTD 2026: $224.5M revenue, (205.0)M free cash flow, 10.2M lbs molybdenum purchased.