Financial Data and Key Metrics Changes - Centerra Gold recorded net earnings of $205.7 million, or $0.70 per share, for Q3 2020, reflecting strong profitability [18][47] - The company generated $281 million in positive free cash flow during the quarter, contributing to a year-to-date total of $527 million [19][49] - The cash balance at the end of the quarter was $484 million, with no corporate debt outstanding, resulting in a net cash position [20][50] Business Line Data and Key Metrics Changes - Gold production for the quarter was 241,484 ounces, with Oksut contributing 51,412 ounces, Kumtor producing 140,000 ounces, and Mount Milligan producing 49,854 ounces [29][30][34] - The all-in sustaining cost (AISC) for the company was $528 per ounce, with Kumtor at $639 per ounce, Mount Milligan at $165 per ounce, and Oksut at $416 per ounce [48][49] - Oksut mine generated $74 million in free cash flow during its first full quarter of commercial production [39][49] Market Data and Key Metrics Changes - The average gold price realized during the quarter was $1,807 per ounce, while copper was $2.43 per pound [46] - The company sold 238,000 ounces of gold and 21.7 million pounds of copper during the quarter [46] Company Strategy and Development Direction - Centerra Gold is focused on maintaining production guidance for 2020 at 740,000 to 820,000 ounces of gold, while targeting the upper end of this range [52][55] - The company has reduced its AISC guidance for Mount Milligan and Oksut, reflecting effective cost control and favorable operational conditions [51] - The company is committed to advancing its exploration programs and maintaining strong operational performance despite uncertainties in the global environment [67] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of optimizing operations and maximizing production, particularly in light of the economic challenges posed by the COVID-19 pandemic [65][68] - The company is cautious about future capital allocation and dividend decisions, with ongoing discussions at board meetings to assess the situation [72][73] Other Important Information - Centerra Gold achieved a significant safety milestone at Oksut, reaching 3 million hours of lost time incident-free operations [8] - The company is a signatory to the World Gold Council's responsible gold mining principles and is making progress in implementing these principles across its operations [14] Q&A Session Summary Question: Update on Kumtor's mining rates and production outlook - Management indicated that mining rates have been impacted by longer hauls and workforce availability, but production numbers for next year are expected to be similar to previous forecasts [60][62] Question: Investments in Kyrgyzstan during the political transition - Management is focused on optimizing operations and maximizing production, emphasizing their role as a significant tax contributor to the country [65][66] Question: Cash balance in Kyrgyzstan - The company maintains minimal cash in-country, with local requirements being met from a New York bank account [69] Question: Future capital allocation and dividend updates - The board will continue to discuss dividend distribution and capital allocation in light of ongoing uncertainties [72][73] Question: Update on life of mine plans and ESG initiatives - Management expects to publish the life of mine update by the end of February 2021 and highlighted ongoing community support initiatives during the pandemic [76][79]

Kumtor Mount Milligan Öksüt centerragolo n a tax BUILT FOR SUCCESS Third Quarter Results Conference Call November 4, 2020 TSX: CG www.centerragold.com Senior Management Participants SCOTT PERRY +23 years President and Chief Executive Officer DAN DESJARDINS Chief Operating Officer +30 years • Appointed Chief Operating Officer in January 2020 • Joined Centerra Gold in 2015 DARREN MILLMAN Chief Financial Officer +22 years • Appointed Chief Financial Officer in April 2016 • Joined Centerra Gold in 2013 YOUSEF R ...

Financial Data and Key Metrics Changes - The company reported net earnings of $80.7 million for Q2 2020, equating to $0.27 per share, with adjusted earnings after excluding non-cash adjustments at $97.8 million, or $0.33 per share [12][40]. - Cash provided by operations was strong at $268 million, leading to a free cash flow generation of $169 million for the quarter [12][42]. - The company finished the quarter with a debt-free balance sheet and a net cash position of $212 million, with total liquidity of $712 million [14][43]. Business Line Data and Key Metrics Changes - Gold production for the quarter was 219,692 ounces, with an all-in sustaining cost of $804 per ounce [26][41]. - Kumtor produced 173,245 ounces of gold at an all-in sustaining cost of $696 per ounce, while Mount Milligan produced 35,656 ounces at $679 per ounce, and Öksüt produced 10,791 ounces at $537 per ounce [27][33][42]. - All operations generated positive free cash flow, with Kumtor contributing $156.9 million, Mount Milligan $34 million, and Öksüt $5 million [13][29][42]. Market Data and Key Metrics Changes - The average realized gold price during the quarter was $1,620 per ounce, with copper at $2.06 per pound [38]. - Gold ounces sold increased by 10% compared to the prior year quarter, with a slight increase in copper sales [39]. Company Strategy and Development Direction - The company maintained its full-year gold production guidance between 740,000 ounces to 820,000 ounces for 2020, with expectations of increased production from Öksüt as it ramps up [44][45]. - A focus on capital allocation was highlighted, with discussions on how to utilize the growing cash reserves effectively [104]. Management Comments on Operating Environment and Future Outlook - Management noted that all operations remained virus-free during the COVID-19 pandemic, and the company has implemented strong safety measures [8][9]. - The company expects continued strong free cash flow generation and profitability due to rising gold prices and operational efficiencies [12][17]. Other Important Information - The company increased its quarterly dividend by 25% to $0.05 per share, reflecting confidence in its financial position [16][46]. - The company is planning to release an updated 43-101 technical report for Kumtor in the fall of 2020, which is expected to showcase an extended mine life [51][52]. Q&A Session Summary Question: Sustainability of elevated grade profile at Kumtor - Management indicated that while the grade will lower in the second half, they have flexibility in blending high, medium, and low-grade ores to maximize recoveries [60][62]. Question: Cost improvements at Mount Milligan - The improvements are attributed to operational efficiencies, lower diesel prices, and a streamlined organizational structure [64]. Question: Implications of COVID-19 on 2021 production profile - Management confirmed that 2021 production is expected to be consistent with original plans, despite not mining any ore in 2020 [73][76]. Question: Long-term water solution for Mount Milligan - There are no major milestones expected in the short term, but the company is working on expanding current water sources [92]. Question: Capital allocation strategy - The board is actively discussing capital allocation strategies, including potential investments and maintaining a strong liquidity position [104].

Kumtor Mount Milligan Öksüt centerragolo n a tax BUILT FOR SUCCESS Second Quarter Results Conference Call July 31, 2020 TSX: CG www.centerragold.com Senior Management Participants Industry Experience Background SCOTT PERRY +23 years President and Chief Executive Officer • Appointed Chief Executive Officer in November 2015 • President and Chief Executive Officer in January 2018 • Former Chief Executive Officer at AuRico Gold DAN DESJARDINS Chief Operating Officer +30 years • Appointed Chief Operating Officer ...

Centerra Gold Inc. (CAGDF) Q1 2020 Earnings Conference Call May 1, 2020 8:30 AM ET Company Participants John Pearson - VP, IR Scott Perry - President & CEO Dan Desjardins - COO Darren Millman - CFO Conference Call Participants Daniel McConvey - Rossport Investments Operator Greetings, and welcome to the First Quarter Results Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. [Operator Instructions] As a reminde ...

Kumtor Mount Milligan Öksüt centerragolo n a treat the see and the see and the see and the seen and the seen and the seen and the sential of the seen of the seen of the seen of the seen and the series of the serie BUILT FOR SUCCESS First Quarter Results Conference Call May 1, 2020 TSX: CG www.centerragold.com Senior Management Participants Industry Experience Background SCOTT PERRY +23 years President and Chief Executive Officer • Appointed Chief Executive Officer in November 2015 • President and Chief Exec ...