CENTERRA GOLD INC Annual Report 2019 FINANCIAL AND OPERA TING HIGHLIGHTS BUIL T FOR SUC CESS SELEC TED ANNU AL INFORMA TION millions except as noted 2019 2018 2017 Revenue 1375 1129 1199 Earnings fr om mine operations 450 343 499 Revenuebased taxes 116 9 3 9 7 Exploration and business development 4 6 3 5 1 6 Corporate administration 4 5 3 0 3 8 ARO r evaluation at sites on car e and maintenance 3 5 4 0 Kyr gyz Republic settlement 1 0 6 0 Asset impairment Mount Milligan 231 Gain on sale of A T O 2 8 Net loss earnings 94 108 210 Loss earnings per common shar e basic 032 037 072 Adjusted net earnings 1 182 118 281 Adjusted net earnings per common share 1 basic 062 040 096 Cash pr ovided by operations 334 218 501 Cash pr ovided by operations per shar e 114 075 172 Adjusted cash pr ovided by operations 1 397 222 501 Fr ee cash ow decit 1 3 5 68 223 Adjusted fr ee cash ow decit 1 9 7 64 223 Cash cash equivalents and shortterm investments including r estricted cash 7 1 179 417 T otal assets 2702 2827 2772 Gold pr oduced ounces 783308 729556 785316 Gold sold ounces 780654 709330 792466 Copper pr oduced 000 s payable pounds 71146 47091 53596 Copper sales 000 s payable pounds 67430 44370 59719 Pr oduction costs per ounce of gold sold 2 465 464 360 Allin sustaining costs on a bypr oduct basis per oz gold sold 12 708 754 687 Allin sustaining costs on a bypr oduct basis including taxes per oz gold sold 1 862 889 815 A verage r ealized gold price consolidated per oz sold 12 1309 1175 1171 NonGAAP measur e and is discussed under NonGAAP Measur es in the Management s Discussion and Analysis accompanying this Annua l Report Combines str eamed and unstr eamed amounts