Centerra Gold Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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Sep 30, 2026 · Filed Oct 29, 2026
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EX-99.1 · 19. Segmented information
- Segmented information
The Company bases its operating segments on the way information is reported and used by the Company's chief operating decision-maker (“CODM”). The results of operating segments are reviewed by the CODM in order to make decisions about resources to be allocated to the segments and to assess their respective performances.
During the first quarter of 2026, the Company revised its internal organizational structure as a result of changes and advancements within the business and to better reflect how the CODM evaluates performance and allocates resources. The Company identified the Goldfield Project as a separate standalone reportable segment to align with the CODM focus on the ongoing construction and development of the project. Additionally, the Company refined the US Moly segment to comprise of the Thompson Creek Mine and Langeloth Metallurgical Facility which are vertically integrated. The Endako mine is now being presented within Corporate and Other, aligned with the Company’s updated organizational structure.
The comparative segment information for prior period has been restated to reflect the revised reportable segments. The reclassification has no impact on the Company’s previously reported consolidated net earnings, total assets, or cash flows.
Centerra Gold Inc.Notes to the Condensed Consolidated Interim Financial Statements (Unaudited)September 30, 2026(Expressed in thousands of United States dollars, except share and per share amounts, unless otherwise indicated)
The following tables set forth operating results by reportable segment for the following periods:
| (Thousands of U.S. dollars) · Oksut · Mount Milligan · US Moly · Goldfield · TotalSegments · Corporate and other · Total | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 130,709 | $209,154 | $160,384 | $— | $500,247 | $— | $500,247 | ||||||||
| Cost of sales | |||||||||||||||
| Production costs | 52,077 | 95,147 | 143,538 | — | 290,762 | — | 290,762 | ||||||||
| Depreciation | 15,748 | 16,511 | 1,138 | — | 33,397 | — | 33,397 | ||||||||
| Earnings from mine operations | 62,884 | $97,496 | $15,708 | $— | $176,088 | $— | $176,088 | ||||||||
| Exploration and evaluation costs | 4,585 | 2,797 | 117 | 313 | 7,812 | 18,257 | 26,069 | ||||||||
| Corporate administration costs | — | — | — | — | — | 9,559 | 9,559 | ||||||||
| Share-based compensation expenses | — | — | — | — | — | 20,817 | 20,817 | ||||||||
| Care and maintenance expenses | — | — | — | — | — | 7,289 | 7,289 | ||||||||
| Reclamation recovery | — | — | — | — | — | (7,214) | (7,214) | ||||||||
| Other operating expenses | 378 | 6,665 | 640 | — | 7,683 | 5,109 | 12,792 | ||||||||
| Earnings (loss) from operations | 57,921 | $88,034 | $14,951 | (313) | $160,593 | $106,776 | |||||||||
| Loss on sale of Greenstone Partnership | 293 | 293 | |||||||||||||
| Other non-operating income | (6,341) | (6,341) | |||||||||||||
| Finance costs | 8,802 | 8,802 | |||||||||||||
| Earnings before income tax | $104,022 | ||||||||||||||
| Income tax expense | 15,334 | 15,334 | |||||||||||||
| Net earnings | $88,688 | ||||||||||||||
| Additions to PP&E | 2,206 | $28,527 | $76,105 | 30,507 | $137,345 | $1,924 | $139,269 | ||||||||
| (Thousands of U.S. dollars) · Öksüt · Mount Milligan · US Moly · Goldfield · TotalSegments · Corporate and other · Total | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 169,098 | $137,269 | $88,796 | — | $395,163 | $— | $395,163 | |||||
| Cost of sales | ||||||||||||
| Production costs | 59,141 | 77,344 | 86,867 | — | 223,352 | — | 223,352 | |||||
| Depreciation | 19,770 | 14,473 | 1,136 | — | 35,379 | — | 35,379 | |||||
| Earnings from mine operations | 90,187 | $45,452 | $793 | — | $136,432 | $— | $136,432 | |||||
| Exploration and evaluation costs | 157 | 2,028 | — | 2,012 | 4,197 | 16,369 | 20,566 | |||||
| Corporate administration costs | — | — | — | — | — | 6,955 | 6,955 | |||||
| Share-based compensation expenses | — | — | — | — | — | 8,074 | 8,074 | |||||
| Care and maintenance expenses | — | — | — | — | — | 4,676 | 4,676 | |||||
| Impairment reversal | — | — | — | (193,520) | (193,520) | — | (193,520) | |||||
| Reclamation recovery | — | — | — | — | — | (207) | (207) | |||||
| Other operating expenses (income) | 366 | (40,200) | 977 | — | (38,857) | 649 | (38,208) | |||||
| Earnings (loss) from operations | 89,664 | $83,624 | $(184) | 191,508 | $364,612 | $328,096 | ||||||
| Gain on sale of Greenstone Partnership | (16,264) | (16,264) | ||||||||||
| Other non-operating income | (10,397) | (10,397) | ||||||||||
| Finance costs | 2,988 | 2,988 | ||||||||||
| Earnings before income tax | $351,769 | |||||||||||
| Income tax expense | 59,581 | 59,581 | ||||||||||
| Net earnings | $292,188 | |||||||||||
| Additions to PP&E | 7,961 | $11,868 | $36,509 | 11 | $56,349 | $350 | $56,699 | |||||
Centerra Gold Inc.Notes to the Condensed Consolidated Interim Financial Statements (Unaudited)September 30, 2026(Expressed in thousands of United States dollars, except share and per share amounts, unless otherwise indicated)
| Öksüt · Mount Milligan · US Moly · Goldfield · Total Segments · Corporateand other · Total | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $455,722 | $587,094 | $384,837 | $— | $1,427,653 | $— | $1,427,653 | |||||
| Cost of sales | ||||||||||||
| Production costs | 164,488 | 275,732 | 356,137 | — | 796,357 | — | 796,357 | |||||
| Depreciation, depletion and amortization | 47,974 | 47,193 | 3,419 | — | 98,586 | — | 98,586 | |||||
| Earnings from mine operations | $243,260 | $264,169 | $25,281 | $— | $532,710 | $— | $532,710 | |||||
| Exploration and evaluation costs | 5,258 | 3,852 | 117 | 3,754 | 12,981 | 36,545 | 49,526 | |||||
| Corporate administration costs | — | — | — | — | — | 30,652 | 30,652 | |||||
| Share-based compensation expenses | — | — | — | — | — | 33,614 | 33,614 | |||||
| Care and maintenance expenses | — | — | — | — | — | 17,323 | 17,323 | |||||
| Reclamation recovery | — | — | — | — | — | (4,657) | (4,657) | |||||
| Other operating expenses | 1,396 | 50,857 | 10,101 | — | 62,354 | 7,831 | 70,185 | |||||
| Earnings (loss) from operations | $236,606 | $209,460 | $15,063 | $(3,754) | $457,375 | $336,067 | ||||||
| Gain on sale of Greenstone Partnership | (17,892) | (17,892) | ||||||||||
| Other non-operating income | (27,655) | (27,655) | ||||||||||
| Finance costs | 18,662 | 18,662 | ||||||||||
| Earnings before income tax | $362,952 | |||||||||||
| Income tax expense | 122,715 | 122,715 | ||||||||||
| Net earnings | $240,237 | |||||||||||
| Additions to PP&E | $13,837 | $109,885 | $195,105 | $49,199 | $368,026 | $6,415 | $374,441 | |||||
| Öksüt · Mount Milligan · US Moly · Goldfield · Total Segments · Corporateand other · Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $329,703 | $399,290 | $254,012 | $— | $983,005 | $— | $983,005 | ||||
| Cost of sales | |||||||||||
| Production costs | 120,669 | 225,786 | 250,643 | — | 597,098 | — | 597,098 | ||||
| Depreciation, depletion and amortization | 36,810 | 45,281 | 3,409 | — | 85,500 | — | 85,500 | ||||
| Earnings (loss) from mine operations | $172,224 | $128,223 | $(40) | $— | $300,407 | $— | $300,407 | ||||
| Exploration and evaluation costs | 1,223 | 3,934 | — | 5,059 | 10,216 | 27,175 | 37,391 | ||||
| Corporate administration costs | — | — | — | — | — | 24,100 | 24,100 | ||||
| Share-based compensation expenses | — | — | — | — | — | 10,945 | 10,945 | ||||
| Care and maintenance expenses | — | — | — | — | — | 14,306 | 14,306 | ||||
| Impairment reversal | — | — | — | (193,520) | (193,520) | — | (193,520) | ||||
| Reclamation recovery | — | — | — | — | — | (2,962) | (2,962) | ||||
| Other operating expenses (income) | 717 | (21,150) | 2,148 | — | (18,285) | 951 | (17,334) | ||||
| Earnings (loss) from operations | $170,284 | $145,439 | $(2,188) | $188,461 | $501,996 | $427,481 | |||||
| Gain on sale of Greenstone Partnership | (37,871) | (37,871) | |||||||||
| Other non-operating income | (19,055) | (19,055) | |||||||||
| Finance costs | 10,942 | 10,942 | |||||||||
| Earnings before income tax | $473,465 | ||||||||||
| Income tax expense | 82,249 | 82,249 | |||||||||
| Net earnings | $391,216 | ||||||||||
| Additions to PP&E | $31,820 | $52,194 | $95,732 | $47 | $179,793 | $582 | $180,375 | ||||
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