Management's Discussion and Analysis For the Three Months Ended March 31, 2026 and 2025 This Management's Discussion and Analysis ("MD&A") has been prepared as of April 29, 2026 and is intended to provide a review of the financial position and results of operations of Centerra Gold Inc. ("Centerra" or the "Company") for the three months ended March 31, 2026 in comparison with the corresponding period ended March 31, 2025. This discussion should be read in conjunction with the Company's unaudited condensed c ...