UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM SD

Specialized Disclosure Report


Centerra Gold Inc.

Canada
(State or other jurisdiction of incorporation)

001-40324
(Commission File Number)

Not Applicable
(I.R.S. Employer Identification No.)

1 University Avenue, Suite 1800
Toronto, Ontario
M5J 2P1
(Address of principal executive office)

Yousef Rehman, (416) 204-1953
(Name and telephone number, including area code, of the person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies: 

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ________________.

☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.






SECTION 1 – CONFLICT MINERALS DISCLOSURE

Item 1.01 - Conflict Minerals Disclosure and Report

Not applicable

Item 1.02 - Exhibit

Not applicable

SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE

Item 2.01 Resource Extraction Issuer Disclosure and Report

Centerra Gold Inc. (“Centerra”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). Centerra is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. Centerra’s ESTMA report is available on Centerra’s website at https://sustainability.centerragold.com/transparency-hub or on the Government of Canada’s website at https://natural-resources.canada.ca/estma-data. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

SECTION 3 – EXHIBITS

Item 3.01. Exhibits

The following exhibit is filed as part of this report.
 




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.

  CENTERRA GOLD INC.
  (Registrant)
   
  
Date: September 26, 2024 /s/ Yousef Rehman
  By:  Yousef Rehman
  Title: Executive Vice President, Legal & Public Affairs
  



Extractive Sector Transparency Measures Act - Annual Report
Centerra Logo.jpg
Reporting Entity NameCenterra Gold Inc.
Reporting YearFrom2023-01-01To:2023-12-31Date submitted2024-05-27
Reporting Entity ESTMA Identification NumberE676176
image.jpg
Report Version
Enter Version Number of Report
Other Subsidiaries Included
(optional field)
For Consolidated Reports - Subsidiary Reporting Entities Included in Report:E330870 Thompson Creek Metals Company Inc. / E634191 AuRico Metals Inc.
Not Substituted
Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting EntityRyan SnyderDate2024-05-24
Position TitleExecutive Vice President and Chief Financial Officer








Extractive Sector Transparency Measures Act - Annual Report
Reporting YearFrom:2023-01-01To:2023-12-31
Reporting Entity NameCenterra Gold Inc.Currency of the ReportUSD
Reporting Entity ESTMA Identification NumberE676176
Subsidiary Reporting Entities (if necessary)E330870 Thompson Creek Metals Company Inc. / E634191 AuRico Metals Inc.
Payments by Payee
Country
Payee Name1
Departments, Agency, etc… within Payee that Received Payments2
TaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid to Payee
Notes34
CanadaNii-Gyap Hereditary Chiefs of the Gitxsan Nation280,000 280,000Payments made in Canadian dollars. See Note 3 below for exchange particulars. Consists of payments for the Kemess Project.
CanadaMcLeod Lake Indian Band740,000 740,000Payments made in Canadian dollars. See Note 3 below for exchange particulars. Consists of payments for the Mount Milligan Mine.
CanadaNadleh Whut’en80,000 80,000Payments made in Canadian dollars. See Note 3 below for exchange particulars. consists of payments for the Endako Mine. See Note 4 below.
CanadaNak’azdli Whut’en870,000 870,000Payments made in Canadian dollars. See Note 3 below for exchange particulars. Consists of payments for the Mount Milligan Mine.
CanadaVillage of Fraser Lake640,000 640,000Payments made in Canadian dollars. See Note 3 below for exchange particulars. Consists of payments for the Endako Mine. See Note 4 below.
Canada -British ColumbiaProvince of British Columbia5,010,000 870,000 5,880,000Payments made in Canadian dollars. See Note 3 below for exchange particulars. Consists of payments for the Mount Milligan Mine, Endako Mine and Kemess Project. See Note 4 below.
TurkeyGovernment of Turkey41,580,000 3,730,000 1,610,000 46,920,000Payments made in Turkish Lira. See Note 3 below for exchange particulars. Payments for Fees mainly include payments for the Oksut Mine.
TurkeyTown of Develi90,000 100,000 190,000Payments made in Turkish Lira. See Note 3 below for exchange particulars.
United States of AmericaGovernment of the United States360,000 360,000Payments made in US dollars. Consists of payments for the Thompson Creek Mine and the following exploration properties: Oakley, Cherry Creek and Ziggurat.
United States of AmericaCounty of Custer580,000 580,000Payments made in US dollars. Consists of payments for Thompson Creek Mine.
United States of AmericaState of Nevada80,000 80,000Payments made in US dollars. Consists of payments for the Goldfield Project.
United States of AmericaEsmeralda County610,000 610,000Payments made in US dollars. Consists of payments for the Goldfield Project.
Additional Notes:1. Report is prepared in US dollars, the functional currency of the Reporting Entity.
2. The US equivalent of the C$100,000 reporting threshold was determined using the USD/CAD exchange rate as of the close of December 31, 2023 of US$0.7551 to C$1.00. This results in a reporting threshold of US$75,510.
3. Payments made in currencies other then US dollars above were converted from source currency to US dollars using spot exchange rates on the application date of transaction. Ranges of the applicable exchange rates used are as follows (in all cases, USD 1. 00 equal to):
Canadian Dollar: 1.3870 - 1.3172
Turkey Lira: 29.3973 - 18.7194
4. Centerra holds a 75% joint venture interest in the Endako Mine. The payments included in this report represent 100% of the reportable payments made by the Endako joint venture in 2023.
5. Amounts in the "Payments by Project" table may not balance with those in the "Payments by Payee" table due to rounding.


Extractive Sector Transparency Measures Act - Annual Report
Reporting YearFrom:2023-01-01To:2023-12-31
Reporting Entity NameCenterra Gold Inc.Currency of the ReportUSD
Reporting Entity ESTMA Identification NumberE676176
Subsidiary Reporting Entities (if necessary)E330870 Thompson Creek Metals Company Inc. / E634191 AuRico Metals Inc.
Payments by Payee
Country
Project Name1
TaxesRoyaltiesFeesProduction EntitlementsBonusesDividendsInfrastructure Improvement PaymentsTotal Amount paid by Project
Notes23
CanadaEndako Mine700,000 210,000 910,000Payments made in Canadian dollars. See Note 3 below for exchange particulars. See Note 4 below.
CanadaKemess Project330,000 450,000 780,000Payments made in Canadian dollars. See Note 3 below for exchange particulars.
CanadaMount Milligan Mine4,620,000 1,610,000 580,000 6,810,000Payments made in Canadian dollars. See Note 3 below for exchange particulars.
TurkeyOksut Mine41,580,000 3,820,000 1,370,000 46,770,000Payments made in Turkish Lira. See Note 3 below for exchange particulars.
TurkeyOther Projects340,000 340,000Payments made in Turkish Lira. See Note 3 below for exchange particulars. Other projects consists of the following exploration properties: Karataş, Nallihan, Postallı, Sivritepe, Ulu.
United States of AmericaThompson Creek Mine580,000 190,000 770,000Payments made in US dollars.
United States of AmericaGoldfield Project690,000 690,000Payments made in US dollars.
United States of AmericaOakley, Cherry Creek, and Ziggurat170,000 170,000Payments made in US dollars.
Additional Notes3:
1. Report is prepared in US dollars, the functional currency of the Reporting Entity.
2. The US equivalent of the C$100,000 reporting threshold was determined using the USD/CAD exchange rate as of the close of December 31, 2023 of US$0.7551 to C$1.00. This results in a reporting threshold of US$75,510.
3. Payments made in currencies other then US dollars above were converted from source currency to US dollars using spot exchange rates on the application date of transaction. Ranges of the applicable exchange rates used are as follows (in all cases, USD 1. 00 equal to):
Canadian Dollar: 1.3870 - 1.3172
Turkey Lira: 29.3973 - 18.7194
4. Centerra holds a 75% joint venture interest in the Endako Mine. The payments included in this report represent 100% of the reportable payments made by the Endako joint venture in 2023.
5. Amounts in the "Payments by Project" table may not balance with those in the "Payments by Payee" table due to rounding.

v3.24.3
Document Information
 12 Months Ended
Dec. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0001854640
Registrant Name Centerra Gold Inc.
Period End Date Dec. 31, 2023
Reporting Currency USD
Alternative Reporting Regime CA
v3.24.3
Payments, by Category - USD ($)
$ in Thousands
Taxes
Royalties
Fees
Total Payments
Total $ 47,810 $ 5,430 $ 4,000 $ 57,240
v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
Royalties
Fees
Total Payments
Total $ 47,810 $ 5,430 $ 4,000 $ 57,240
Endako Mine [Member]        
Total 700   210 910
Kemess Project [Member]        
Total 330   450 780
Mount Milligan Mine [Member]        
Total 4,620 1,610 580 6,810
Oksut Mine [Member]        
Total 41,580 $ 3,820 1,370 46,770
Other Projects [Member]        
Total     340 340
Thompson Creek Mine [Member]        
Total $ 580   190 770
Goldfield Project [Member]        
Total     690 690
Oakley, Cherry Creek, and Ziggurat [Member]        
Total     $ 170 $ 170
v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
Royalties
Fees
Total Payments
Total $ 47,810 $ 5,430 $ 4,000 $ 57,240
CANADA | Nii-Gyap Hereditary Chiefs of the Gitxsan Nation [Member]        
Total     280 280
CANADA | McLeod Lake Indian Band [Member]        
Total   740   740
CANADA | Nadleh Whut’en [Member]        
Total     80 80
CANADA | Nak’azdli Whut’en [Member]        
Total   870   870
CANADA | Village of Fraser Lake [Member]        
Total 640     640
CANADA | Province of British Columbia [Member]        
Total 5,010   870 5,880
Turkey [Member] | Government of Turkey [Member]        
Total 41,580 3,730 1,610 46,920
Turkey [Member] | Town of Develi [Member]        
Total   $ 90 100 190
UNITED STATES | Government of the United States [Member]        
Total     360 360
UNITED STATES | County of Custer [Member]        
Total $ 580     580
UNITED STATES | State of Nevada [Member]        
Total     80 80
UNITED STATES | Esmeralda County [Member]        
Total     $ 610 $ 610
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