SCHEDULE: Donald Smith & Co. Discloses 5.7% Stake in Centerra Gold

Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have disclosed a combined beneficial ownership of 5.7% in Centerra Gold Inc. common stock.

Summary

• Donald Smith & Co., Inc. and DSCO Value Fund, L.P. collectively beneficially own 11,622,624 shares of Centerra Gold Inc. common stock.
• This aggregate amount represents 5.7% of Centerra Gold Inc.'s outstanding common stock.
• Donald Smith & Co., Inc. holds sole voting power over 11,278,855 shares and sole dispositive power over 11,535,265 shares.
• DSCO Value Fund, L.P. holds sole voting power over 87,359 shares and sole dispositive power over 87,359 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Centerra Gold Inc.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, which is neutral in sentiment. The presence of a significant institutional investor can be seen as a positive signal, but the filing itself does not contain performance or operational updates.

Positives

• The disclosure indicates significant institutional interest in Centerra Gold Inc. by Donald Smith & Co., Inc., a recognized investment adviser.

Negatives

• NA

Risks

• The filing does not detail specific risks related to Centerra Gold Inc.'s operations or financial health, as it is a beneficial ownership disclosure.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Centerra Gold Inc.'s future performance or operations.

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 filing indicates a significant passive investment by an institutional investor in Centerra Gold Inc., a company operating in the gold mining sector. Such disclosures can signal investor confidence or strategic positioning within the commodities market, but the filing itself does not provide broader industry analysis.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder may be viewed positively, potentially indicating confidence in the company's value or future prospects.

Next Steps

• NA

Key Dates

Keywords

Centerra Gold Inc., Donald Smith & Co. Inc., DSCO Value Fund L.P., Beneficial Ownership, Schedule 13G, Common Stock, Investment Adviser, Passive Investor, Gold Mining