ELDORADO GOLD CORP /FI (EGO) SEC Filings

Capital Research Global Investors, a division of Capital Research and Management Company and its investment management affiliates, filed an amended Schedule 13G reporting beneficial ownership of 18,068,118 shares of Eldorado Gold Corp. common stock. This represents 6.9% of the 261,318,643 shares believed to be outstanding. The filing reports sole voting and dispositive power over all 18,068,118 shares and no shared voting or dispositive power. The securities are held on behalf of clients of the investment management entities, including Capital World Growth and Income Fund.

Eldorado Gold Corporation completed a corporate transaction under which it acquired all issued and outstanding securities of Foran Mining Corporation on April 14, 2026 pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia).

Each Foran common share was exchanged for 0.1128 Eldorado common share plus $0.01 in cash at the effective time of 12:01 a.m. Vancouver time on April 14, 2026. Foran’s RSUs and DSUs vested, were settled into Foran shares, then exchanged into Eldorado shares based on the same exchange ratio. Foran stock options were vested, cancelled, and replaced with fully vested Eldorado options adjusted for the exchange ratio, and Foran non-voting shares were converted into voting Foran shares and then exchanged into Eldorado shares.

The Foran shares were delisted from the Toronto Stock Exchange on April 15, 2026, and Foran has applied to cease to be a reporting issuer. Following completion of the arrangement, Foran’s former CEO, Dan Myerson, joined Eldorado’s board of directors.

Eldorado Gold Corporation describes a broad leadership transition across its board and senior management. Effective July 30, 2026, Steven Reid stepped down as Chair and from the board, with Dan Myerson appointed Chair and Patrick Godin appointed Lead Independent Director. Effective September 30, 2026, George Burns will retire as Chief Executive Officer and remain on the board, while Christian Milau will become President and Chief Executive Officer and join the board. On the same date, Frank Herbert will move from Executive Vice President, General Counsel and Chief Compliance Officer to Senior Advisor ahead of his planned retirement in the second quarter of 2027, and Tamiko Ohta will become Senior Vice President, Legal and General Counsel. Paul Ferneyhough’s role will expand to Executive Vice President, Strategy and Chief Financial Officer. As the Skouries project moves from construction into operations, the Executive Vice President, Development, Greece role will be eliminated and Louw Smith will leave on September 30, 2026, with Greece operations oversight shifting within the existing operations and projects leadership. The report also includes customary cautionary language on forward-looking statements and associated risks.

Eldorado Gold Corporation is renewing its normal course issuer bid after receiving approval from the Toronto Stock Exchange. The program permits purchases of up to 13,065,993 common shares, equal to 5% of the 261,319,863 shares outstanding as of July 27, 2026. The bid will run from August 5, 2026 to July 31, 2027, with repurchases through the TSX, NYSE and alternative trading systems at prevailing market prices.

Daily purchases on the TSX are limited to 194,581 shares, 25% of the six‑month average daily trading volume of 778,325 shares. Up to 12,865,993 repurchased shares will be cancelled, while up to 200,000 may be held in trust to satisfy obligations under the restricted share unit plan. Under the prior NCIB, the company bought 7,739,880 shares at a volume weighted average price of C$43.56. Eldorado has also put an automatic share purchase plan in place to allow buybacks during blackout periods. Management states that repurchases are discretionary, may be suspended at any time, and are based on the view that the share price may not fully reflect long‑term value.

Eldorado Gold Corporation announced a Board leadership transition, with Dan Myerson appointed Chair and Patrick Godin appointed Lead Independent Director. Steven Reid has stepped down as Chair and from the Board after more than five years as Chair and 13 years as a director. The changes are part of an ongoing, previously outlined succession and renewal process intended to support governance continuity during a period of significant growth.

The company states that Skouries is nearing commercial production and McIlvenna Bay is ramping up operations, and that it has a strong portfolio of growth opportunities and long mine lives with progress toward lower costs. Eldorado includes extensive cautionary language that these expectations are forward-looking and subject to risks described in its Annual Information Form and Form 40-F.

Eldorado Gold Corporation is implementing a planned leadership transition effective September 30, 2026. George Burns will retire as Chief Executive Officer and remain on the Board of Directors, while Christian Milau will become President and Chief Executive Officer and join the Board.

On the same date, Frank Herbert will move from Executive Vice President, General Counsel & Chief Compliance Officer to a Senior Advisor role ahead of his planned retirement in Q2 2027, and Tamiko Ohta will be appointed Senior Vice President, Legal and General Counsel. Paul Ferneyhough will expand his responsibilities to Executive Vice President, Strategy and Chief Financial Officer, adding oversight of Corporate Development and Legal. With Skouries moving from construction into operations, the Executive Vice President, Development, Greece role will be eliminated and Louw Smith will leave the company; responsibility for Greece operations will shift to Niklas Frank, Senior Vice President Operations, Europe. The company describes these changes as part of an ongoing, orderly succession planning process supporting its growth strategy and key development projects.

Eldorado Gold, a gold, copper and base metals producer in Canada, Turkiye and Greece, reported solid H1 2026 results. Revenue was $487.5 million in Q2 and $1,019.9 million year-to-date, with net earnings attributable to shareholders of $172.8 million in Q2 and $309.2 million for six months, or basic EPS of $0.69 and $1.38.

Gold production was 104,616 ounces in Q2 and 204,974 ounces year-to-date, with an average realized gold price of $4,379 and $4,632 per ounce and all-in sustaining costs of $1,926 and $1,934 per ounce sold, respectively.

The company completed the $2,394,995 thousand Foran Mining acquisition, adding the McIlvenna Bay copper-zinc asset, and advanced the Skouries copper-gold project toward first concentrate in Q3 2026. Total assets were $10,252.2 million, debt $1,749.9 million, and cash $554.6 million at June 30, 2026. Eldorado updated 2026 gold production guidance to 495,000–600,000 ounces and continued capital returns via share buybacks and a quarterly dividend of $0.075 per share.

Eldorado Gold reported stronger profitability in Q2 2026 despite lower gold output. Revenue was $487.5 million and net earnings attributable to shareholders rose to $172.8 million, or $0.69 per share, from $138.0 million a year earlier, helped by an average realized gold price of $4,379 per ounce. Adjusted net earnings were $136.7 million and Adjusted EBITDA reached $281.1 million.

Gold production declined to 104,616 ounces from 133,769 ounces as planned lower output at Kisladag and lower grades at Efemcukuru were partly offset by higher volumes at Lamaque. Cost metrics increased, with total cash costs of $1,432 and all‑in sustaining costs of $1,926 per ounce sold.

Cash from operating activities was $149.5 million, while heavy growth spending at Skouries and McIlvenna Bay drove free cash flow to negative $334.1 million. Cash and cash equivalents were $554.6 million against total debt of $1,749.9 million.

At Skouries, construction was 97% complete with first concentrate targeted for Q3 2026 and commercial production in Q4 2026; cumulative Phase 2 project capital reached $1.270 billion. McIlvenna Bay achieved initial copper concentrate in June and is ramping toward commercial production in Q3 2026. The company updated 2026 gold guidance to 495,000–600,000 ounces and declared a $0.075 per‑share Q3 dividend, while also announcing a planned CEO transition effective September 30, 2026.

Eldorado Gold Corporation reports a key milestone at its Skouries copper-gold project in Northern Greece, with first ore now processed through the crushing circuit as the project enters staged commissioning. The company continues to target first copper-gold concentrate in Q3 2026 and commercial production in Q4 2026, subject to final site energization, integrated commissioning and ramp-up.

Power infrastructure is advancing, with all 12 transmission towers and conductors completed, initial substation tests finished and final energization pending inspections, testing and metering by the Greek authority. Open-pit mining is ahead of schedule, supporting an ore stockpile of about 3.9 million tonnes, expected to provide ore feed through 2026 and underpin a controlled plant ramp-up while underground development continues.