Centerra Gold Inc. (NYSE:CGAU) Q4 2022 Earnings Call Transcript

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Centerra Gold Inc. (NYSE:CGAU) Q4 2022 Earnings Call Transcript February 24, 2023

Operator: Greetings and welcome to the Q4 and Full Year 2022 Results Conference Call. As a reminder, this conference is being recorded, Friday, February 24, 2023. I would now like to turn the conference over to Toby Caron, Treasurer and Director of Investor Relations. Please go ahead.

Toby Caron: Thank you, operator. Welcome to Centerra Gold's fourth quarter and full year 2022 results conference call. Please note that presentation slides are available on Centerra Gold's website to accompany each speaker's remarks. Today's call is open to all members of the investment community and media in listen-only mode. Following the formal remarks, the operator will give the instructions for asking a question and then we will open the line to questions. Please note that all figures are in U.S. dollars, unless otherwise noted. Joining me on the call today are Paul Wright, Interim President and Chief Executive Officer; Paul Chawrun, Chief Operating Officer; and Darren Millman, Chief Financial Officer. I would like to caution everyone that certain statements made today may be forward-looking and as such, are subject to known and unknown risks which may cause our actual results to differ from those expressed or implied.

Also, certain measures we will discuss today are non-GAAP measures. Please refer to the description of non-GAAP measures in our news release and MD&A issued yesterday evening for a more detailed discussion of material assumptions, risks and uncertainties, please refer to our news release and MD&A, along with the audited financial statements and notes and all of our other filings which can be found on SEDAR, EDGAR and on the company's website at centerragold.com. And now, I'll turn the call over to Paul.

Paul Wright: Thanks, Toby and good morning, everyone and thank you for joining our fourth quarter and full year 2022 conference call. I'd like to start the presentation by speaking to Centerra's short-term strategy as we continue to maintain our goal of establishing a stable and strong platform for future growth. This entails firstly obtaining all the regulatory approvals to restart operations at our Öksüt Mine. Continuing to optimize operations and exploration at the Mount Milligan Mine, advancing the Goldfield Project with initial resource estimate midyear 2023, followed by a feasibility study. Updating our view on the Molybdenum Business Unit which future will be described as MBU, including the issuance of a pre-feasibility study detailing a potential restart of the Thompson Creek Mine and this is to be delivered in Q3 of 2023.