Centerra Gold Inc. - Donald Smith & Co., Inc. and affiliated DSCO Value Fund, L.P. report beneficial ownership of 15,771,236 shares of common stock, representing 7.88% of the class as of 03/31/2026. The filing discloses sole voting and dispositive power figures for the reporting entities.
Positive
None.
Negative
None.
Insights
Reported stake: 15,771,236 shares (7.88%) as of 03/31/2026.
The filing shows Donald Smith & Co., Inc. holds 15,771,236 shares of Centerra Gold common stock with stated sole voting power of 15,365,215 shares and sole dispositive power of 15,628,825 shares. The report clarifies these are advisory holdings where ultimate receipt of dividends and sale proceeds rests with advisory clients.
Cash‑flow treatment and any trading intentions are not included in the excerpt; subsequent filings or press releases would be needed for changes in stake or voting arrangements.
Voting and disposition metrics are explicitly broken out by entity.
The schedule identifies both the adviser (Donald Smith & Co., Inc.) and an affiliated fund (DSCO Value Fund, L.P.) and lists voting/dispositive powers separately. It states the adviser acts for institutional clients and that no single client owns more than 5% of the class, per the filing.
Ownership percentages and power breakdowns are useful for board and governance assessments; timing and any change in control considerations are not provided in this excerpt.
Key Figures
Beneficial ownership:15,771,236 sharesPercent of class:7.88%Sole voting power (Donald Smith & Co.):15,365,215 shares+2 more
5 metrics
Beneficial ownership15,771,236 sharesas of 03/31/2026
Percent of class7.88%percentage of common stock
Sole voting power (Donald Smith & Co.)15,365,215 sharesreported in Item 4
Sole dispositive power (Donald Smith & Co.)15,628,825 sharesreported in Item 4
Sole voting power (DSCO Value Fund, L.P.)142,411 sharesreported in Item 4
Key Terms
Schedule 13G, beneficial ownership, sole dispositive power
3 terms
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: Centerra Gold Inc."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
sole dispositive powerregulatory
"Item 4. (iii) Sole power to dispose or to direct the disposition of: SOLE POWER TO DISPOSE: Donald Smith & Co., Inc. 15,628,825"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Centerra Gold Inc.
(Name of Issuer)
Common
(Title of Class of Securities)
152006102
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
152006102
1
Names of Reporting Persons
DONALD SMITH & CO., INC.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
15,365,215.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
15,628,825.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
15,771,236.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.9 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
152006102
1
Names of Reporting Persons
DSCO Value Fund, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
142,411.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
142,411.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
15,771,236.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.9 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Centerra Gold Inc.
(b)
Address of issuer's principal executive offices:
1 UNIVERSITY AVENUE, SUITE 1800, TORONTO, ONTARIO, CANADA, M5J 2P1.
Item 2.
(a)
Name of person filing:
Donald Smith & Co., Inc.
(b)
Address or principal business office or, if none, residence:
152 West 57th Street, 29th Floor
New York, NY 10019
(c)
Citizenship:
A Delaware Corporation
(d)
Title of class of securities:
Common
(e)
CUSIP Number(s):
152006102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
15,771,236
(b)
Percent of class:
7.88%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
SOLE POWER TO VOTE:
Donald Smith & Co., Inc. 15,365,215
DSCO Value Fund, L.P. 142,411
(ii) Shared power to vote or to direct the vote:
SEE ITEM 6
(iii) Sole power to dispose or to direct the disposition of:
SOLE POWER TO DISPOSE:
Donald Smith & Co., Inc. 15,628,825
DSCO Value Fund, L.P. 142,411
(iv) Shared power to dispose or to direct the disposition of:
SEE ITEM 6
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
1. 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. 2. 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 Inc. is more than five percent of the total outstanding Common Stock.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Donald Smith & Co., Inc. IA
DSCO Value Fund, L.P. PN
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
How many Centerra Gold (CGAU) shares does Donald Smith & Co. report holding?
Donald Smith & Co. reports beneficial ownership of 15,771,236 shares, representing 7.88% of Centerra Gold common stock as of 03/31/2026. The filing breaks out voting and dispositive powers by entity.
What voting power does Donald Smith & Co. hold in CGAU?
The filing lists sole voting power of 15,365,215 shares attributable to Donald Smith & Co. and 142,411 sole voting power for DSCO Value Fund, L.P., per the schedule's itemized breakdown.
Does Donald Smith & Co. control dividend or sale proceeds for these CGAU shares?
The schedule states the ultimate right to receive dividends and sale proceeds is vested in the institutional clients advised by Donald Smith & Co.; the adviser holds discretionary authority that may be revoked by clients.
Is any single client reported as owning more than 5% of Centerra Gold in this filing?
The filing explicitly states that, to the adviser's knowledge, no one client owns more than 5% of the class for the securities reported as advisory holdings.
