Annual Transparency Reporting on Government Payments

On an annual basis, we prepare and submit a report prepared in accordance with the Extractive Sector Transparency Measures Act (ESTMA), a Canadian legislation. This ESTMA report sets out payments we make to our host governments.

Centerra is a signatory of the Extractive Industries Transparency Initiative (EITI). The EITI contributes to improved governance in resource-rich countries through the verification and publication of all company payments to governments as well as government-reported revenues from oil, gas and mining. The EITI standard is implemented by signatory governments with an international multi-stakeholder structure at the core of the initiative.

Operating in jurisdictions that support accountability and transparency is key.

As of 2019, we had no operations or exploration in countries ranked among the 20 lowest by the Corruption Perceptions Index (CPI). In 2019, Canada ranked 77 (12th among 180 countries), the United States of America ranked 69 (23rd), Turkey ranked 38 (91st) and Kyrgyz Republic ranked 30 (126th). The CPI is the most widely used indicator of corruption worldwide. The index ranks 180 countries and territories by their perceived levels of public sector corruption, according to experts and business people.1

We recognize our role in helping promote fair practices in the countries where we operate. We have played an active role in promoting the EITI in the Kyrgyz Republic. The Company’s mine in the Kyrgyz Republic was among the first to sign on, report and help improve EITI infrastructure.

For more information on Centerra’s Kumtor submissions as part of the annual Kyrgyz Republic EITI report, visit https://eiti.org/kyrgyz-republic.

1 https://www.transparency.org/en/cpi/2019