SCHEDULE: Donald Smith & Co. Reports Stake in Centerra Gold

Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have reported beneficial ownership of 7.8% of Centerra Gold Inc. common stock as of June 30, 2026.

Summary

• Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have filed a Schedule 13G, indicating their beneficial ownership of Centerra Gold Inc. common stock.
• The filing reports an aggregate of 15,447,900 shares, representing 7.8% of the class of securities.
• The date of the event requiring this filing is June 30, 2026.
• Donald Smith & Co., Inc. is identified as an investment adviser (IA), and DSCO Value Fund, L.P. is identified as a private fund (PN).
• Both entities are organized in Delaware.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership without indicating a significant shift in strategy or performance.

Positives

• The filing clearly discloses a significant ownership stake, providing transparency to the market.
• Donald Smith & Co., Inc. and DSCO Value Fund, L.P. are established entities, suggesting a considered investment approach.

Negatives

• The filing does not provide any specific operational or financial performance data for Centerra Gold Inc.
• The nature of the investment (e.g., activist, passive) is not detailed beyond the ownership percentage.

Risks

• As a Schedule 13G filing, it primarily reports ownership and does not inherently contain forward-looking risk disclosures specific to Centerra Gold Inc.'s operations.
• The investment is subject to market risks associated with the gold mining industry and Centerra Gold Inc.'s specific business operations.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Centerra Gold Inc.'s future performance.

Management Comments

• Donald Smith & Co., Inc. does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client’s custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities.
• The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the institutional clients which Donald Smith & Co., Inc. serves as investment advisor.
• Any and all discretionary authority which has been delegated to Donald Smith & Co., Inc. may be revoked in whole or in part at any time.
• To the knowledge of Donald Smith & Co., Inc., with respect to all securities reported in this schedule owned by advisory clients of Donald Smith & Co., Inc., not more than 5% of the class of such securities is owned by any one client.
• With respect to the remaining securities owned, various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of Centerra Gold Inc. No one person’s interest in the Common Stock of Centerra Gold USA Inc. is more than five percent of the total outstanding Common Stock.

Industry Context

StockSavvy.ai notes that significant institutional ownership, as reported in this Schedule 13G, is common in the mining sector. Such filings often precede or follow strategic shifts or market assessments by large investors.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant ownership stakes.
• Management of Centerra Gold Inc.: May face increased scrutiny or engagement from a substantial shareholder.
• Potential Investors: Provides information on the ownership structure and key holders.

Next Steps

• Continued monitoring of Centerra Gold Inc.'s performance and any further filings by Donald Smith & Co., Inc. or DSCO Value Fund, L.P.

Key Dates

Keywords

Centerra Gold Inc., Donald Smith & Co., DSCO Value Fund, Schedule 13G, Beneficial Ownership, Investment Adviser, Private Fund, Gold Mining