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<headerData>
<submissionType>SCHEDULE 13G/A</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0000869178</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<amendmentNo>11</amendmentNo>
<securitiesClassTitle>COMMON SHARES</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001854640</issuerCik>
<issuerName>Centerra Gold Inc.</issuerName>
<issuerCusip>152006102</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>1 University Avenue</com:street1>
<com:street2>Suite 1500</com:street2>
<com:city>Toronto</com:city>
<com:stateOrCountry>Z4</com:stateOrCountry>
<com:zipCode>M5J 2P1</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>Van Eck Associates Corporation</reportingPersonName>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>17671199</soleVotingPower>
<soleDispositivePower>17755765</soleDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>17755765</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>8.45</classPercent>
<typeOfReportingPerson>IA</typeOfReportingPerson>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>Centerra Gold Inc.</issuerName>
<issuerPrincipalExecutiveOfficeAddress>1 University Avenue, Suite 1500, Toronto, Canada (Federal Level), M5J 2P1</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>Van Eck Associates Corporation</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>666 Third Ave. - 9th Floor, New York, New York 10017</principalBusinessOfficeOrResidenceAddress>
<citizenship>Delaware</citizenship>
</item2>
<item3>
<notApplicableFlag>N</notApplicableFlag>
<typeOfPersonFiling>IA</typeOfPersonFiling>
</item3>
<item4>
<amountBeneficiallyOwned>17755765</amountBeneficiallyOwned>
<classPercent>8.45</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>17671199</solePowerOrDirectToVote>
<solePowerOrDirectToDispose>17755765</solePowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
</item5>
<item6>
<notApplicableFlag>Y</notApplicableFlag>
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<item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>
<item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>N</notApplicableFlag>
<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.</certifications>
</item10>
</items>
<signatureInformation>
<reportingPersonName>Van Eck Associates Corporation</reportingPersonName>
<signatureDetails>
<signature>Ashley Sousa</signature>
<title>Ashley Sousa, Assistant Vice President</title>
<date>02/14/2025</date>
</signatureDetails>
</signatureInformation>
</formData>
</edgarSubmission>
