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Eldorado Gold Corporation ("Eldorado" or "the Company") announces that the Toronto Stock Exchange (the "TSX") has accepted the notice filed by the Company to amend its normal course issuer bid (the "NCIB") effective as of May 6, 2025.
The amendment increases the maximum number of common shares (the "Shares") of the Company that may be repurchased from the current 350,000 Shares to 10,245,474 Shares, representing approximately 5% of the total 204,909,496 Shares issued and outstanding as at, October 31, 2024.
Purchases under the NCIB began on November 8, 2024, and will end no later than July 31, 2025. Under its current NCIB, as of April 30, 2025, the Company has repurchased 224,000 Shares at an average price of $22.60 per Share. Subject to receipt of required approvals, the Company expects to renew its NCIB for a further one-year period upon the expiration of the NCIB on July 31, 2025.
Posted In: EGO
