| Extractive Sector Transparency Measures Act - Annual Report |  | ||||||||||||||||||||||
| Reporting Entity Name | Centerra Gold Inc. | ||||||||||||||||||||||
| Reporting Year | From | 2023-01-01 | To: | 2023-12-31 | Date submitted | 2024-05-27 | |||||||||||||||||
| Reporting Entity ESTMA Identification Number | E676176 |  | 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 Entity | Ryan Snyder | Date | 2024-05-24 | ||||||||||||||||||||
| Position Title | Executive Vice President and Chief Financial Officer | ||||||||||||||||||||||
| Extractive Sector Transparency Measures Act - Annual Report | |||||||||||||||||||||||||||||||||||
| Reporting Year | From: | 2023-01-01 | To: | 2023-12-31 | |||||||||||||||||||||||||||||||
| Reporting Entity Name | Centerra Gold Inc. | Currency of the Report | USD | ||||||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E676176 | ||||||||||||||||||||||||||||||||||
| 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 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | ||||||||||||||||||||||||
| Canada | Nii-Gyap Hereditary Chiefs of the Gitxsan Nation | 280,000 | 280,000 | Payments made in Canadian dollars. See Note 3 below for exchange particulars. Consists of payments for the Kemess Project. | |||||||||||||||||||||||||||||||
| Canada | McLeod Lake Indian Band | 740,000 | 740,000 | Payments made in Canadian dollars. See Note 3 below for exchange particulars. Consists of payments for the Mount Milligan Mine. | |||||||||||||||||||||||||||||||
| Canada | Nadleh Whut’en | 80,000 | 80,000 | Payments made in Canadian dollars. See Note 3 below for exchange particulars. consists of payments for the Endako Mine. See Note 4 below. | |||||||||||||||||||||||||||||||
| Canada | Nak’azdli Whut’en | 870,000 | 870,000 | Payments made in Canadian dollars. See Note 3 below for exchange particulars. Consists of payments for the Mount Milligan Mine. | |||||||||||||||||||||||||||||||
| Canada | Village of Fraser Lake | 640,000 | 640,000 | Payments made in Canadian dollars. See Note 3 below for exchange particulars. Consists of payments for the Endako Mine. See Note 4 below. | |||||||||||||||||||||||||||||||
| Canada -British Columbia | Province of British Columbia | 5,010,000 | 870,000 | 5,880,000 | Payments 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. | ||||||||||||||||||||||||||||||
| Turkey | Government of Turkey | 41,580,000 | 3,730,000 | 1,610,000 | 46,920,000 | Payments made in Turkish Lira. See Note 3 below for exchange particulars. Payments for Fees mainly include payments for the Oksut Mine. | |||||||||||||||||||||||||||||
| Turkey | Town of Develi | 90,000 | 100,000 | 190,000 | Payments made in Turkish Lira. See Note 3 below for exchange particulars. | ||||||||||||||||||||||||||||||
| United States of America | Government of the United States | 360,000 | 360,000 | Payments 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 America | County of Custer | 580,000 | 580,000 | Payments made in US dollars. Consists of payments for Thompson Creek Mine. | |||||||||||||||||||||||||||||||
| United States of America | State of Nevada | 80,000 | 80,000 | Payments made in US dollars. Consists of payments for the Goldfield Project. | |||||||||||||||||||||||||||||||
| United States of America | Esmeralda County | 610,000 | 610,000 | Payments 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 Year | From: | 2023-01-01 | To: | 2023-12-31 | ||||||||||||||||||||||||||||
| Reporting Entity Name | Centerra Gold Inc. | Currency of the Report | USD | |||||||||||||||||||||||||||||
| Reporting Entity ESTMA Identification Number | E676176 | |||||||||||||||||||||||||||||||
| Subsidiary Reporting Entities (if necessary) | E330870 Thompson Creek Metals Company Inc. / E634191 AuRico Metals Inc. | |||||||||||||||||||||||||||||||
| Payments by Payee | ||||||||||||||||||||||||||||||||
| Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes23 | ||||||||||||||||||||||
| Canada | Endako Mine | 700,000 | 210,000 | 910,000 | Payments made in Canadian dollars. See Note 3 below for exchange particulars. See Note 4 below. | |||||||||||||||||||||||||||
| Canada | Kemess Project | 330,000 | 450,000 | 780,000 | Payments made in Canadian dollars. See Note 3 below for exchange particulars. | |||||||||||||||||||||||||||
| Canada | Mount Milligan Mine | 4,620,000 | 1,610,000 | 580,000 | 6,810,000 | Payments made in Canadian dollars. See Note 3 below for exchange particulars. | ||||||||||||||||||||||||||
| Turkey | Oksut Mine | 41,580,000 | 3,820,000 | 1,370,000 | 46,770,000 | Payments made in Turkish Lira. See Note 3 below for exchange particulars. | ||||||||||||||||||||||||||
| Turkey | Other Projects | 340,000 | 340,000 | Payments 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 America | Thompson Creek Mine | 580,000 | 190,000 | 770,000 | Payments made in US dollars. | |||||||||||||||||||||||||||
| United States of America | Goldfield Project | 690,000 | 690,000 | Payments made in US dollars. | ||||||||||||||||||||||||||||
| United States of America | Oakley, Cherry Creek, and Ziggurat | 170,000 | 170,000 | Payments 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. | |||||||||||||||||||||||||||||||