SCHEDULE 13G/A: BlackRock Discloses 3.8% Passive Stake in Centerra Gold Inc.
Schedule 13G Amendment
BlackRock, Inc. has filed an amended Schedule 13G, disclosing a passive beneficial ownership of 3.8% in Centerra Gold Inc.'s common stock as of January 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Centerra Gold Inc.
- The filing indicates BlackRock, Inc. beneficially owns an aggregate of 8,118,020 shares of Centerra Gold Inc. common stock.
- This represents 3.8% of the total outstanding common stock of Centerra Gold Inc.
- BlackRock, Inc. holds sole voting power over 7,939,905 shares and sole dispositive power over 8,118,020 shares.
- No shared voting or dispositive power is reported.
- The filing is made under Rule 13d-1(b), signifying a passive investment purpose, not for changing or influencing control of the issuer.
- BlackRock, Inc. is classified as a Parent Holding Company (HC) for this filing.
- Several BlackRock subsidiaries are identified as holding securities, with BlackRock Institutional Trust Company, National Association, noted to beneficially own 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G, although the aggregate for BlackRock, Inc. is 3.8%.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or outlook.
Risks
- The document itself does not detail specific risks related to Centerra Gold Inc.'s operations or financial health, as it is a disclosure of beneficial ownership.
Future Outlook
NA
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
Industry Context
This Schedule 13G filing indicates BlackRock's continued or adjusted passive investment in Centerra Gold Inc., a common practice for large institutional asset managers. Such filings provide transparency into significant ownership stakes, which can be of interest to other investors tracking institutional sentiment or major holders in the gold mining sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Authorization | BlackRock, Inc. executed a new Power of Attorney on January 21, 2025, revoking a previous one from April 30, 2023. This document authorizes specific individuals to execute and file documents related to ownership or control-person reporting requirements on behalf of BlackRock and its subsidiaries. | 2025-01-21 | This is an internal corporate governance update for BlackRock, streamlining its compliance processes for SEC and other regulatory filings. It does not directly impact Centerra Gold Inc.'s corporate governance. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's passive stake in Centerra Gold Inc.
Key Dates
| Date | Description |
|---|---|
| 2025-01-21 | Date of execution for the Power of Attorney granted by BlackRock, Inc. |
| 2025-01-31 | Date of event which requires filing of this statement. |
| 2025-02-07 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
BlackRock, Centerra Gold Inc., Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Passive Investment, SEC Filing, Gold Mining
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