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 · Automatic Share Purchase Plan
Automatic Share Purchase Plan
On September 24, 2026, the Company initiated an automatic share purchase plan (“ASPP”) under its NCIB by authorizing its independent broker to repurchase a fixed total value of Centerra common shares up to $13.4 million (December 31, 2025 - $21.7 million) with a certain share price limit during the period ending November 2, 2026.
The Company recognized a financial liability associated with the total maximum amount that may be repurchased during that period by the broker, with an offsetting entry in share capital.
b. Earnings per share
Computation for basic and diluted earnings per share:
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Net earnings | $88,688 | $292,188 | $240,237 | $391,216 |
| Dilutive impact related to the PSU plan(2) | — | 1,991 | — | (1,063) |
| Diluted earnings | $88,688 | $294,179 | $240,237 | $390,153 |
| Basic weighted average common shares (in thousands) | 194,461 | 202,437 | 197,225 | 205,949 |
| Dilutive impact of stock options (in thousands) | 1,070 | 10 | 998 | 8 |
| Dilutive impact related to the RSU plan (in thousands)(1) | 791 | 1,071 | 795 | 966 |
| Dilutive impact related to the PSU plan (in thousands)(2) | — | 1,522 | — | 1,522 |
| Diluted weighted average common shares (in thousands) | 196,322 | 205,040 | 199,018 | 208,445 |
| Earnings per share: | ||||
| Basic | $0.46 | $1.44 | $1.22 | $1.90 |
| Diluted | $0.45 | $1.43 | $1.21 | $1.87 |
(1)Relates to the Company’s Restricted Share Unit (“RSU”) Plan.
(2)Relates to the Company’s Performance Share Unit (“PSU”) Plan.
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)
For the nine months ended September 30, 2026 and 2025, certain potentially anti-dilutive securities were excluded from the calculation of diluted earnings per share due to the exercise prices being greater than the average market price of the Company’s common shares for the respective periods.
Anti-dilutive securities excluded from the calculation are summarized below:
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| RSUs and PSUs excluded from earnings per share (in thousands) | 2,578 | 1,768 | 2,498 | 1,382 |
| ASPP impact excluded from earnings per share (in thousands)(1) | 614 | 649 | 614 | 649 |
(1)ASPP has an anti-dilutive impact on earnings per share by reducing the number of shares outstanding from the calculation.
c. Dividends
On October 29, 2026, the Board approved a quarterly dividend of C$0.07 per share to shareholders of record on November 16, 2026.
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