Eldorado Gold (NYSE: EGO) renews NCIB to repurchase up to 13.1M shares

Rhea-AI Filing Summary

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.

Key Figures

Maximum NCIB shares: 13,065,993 shares Shares outstanding: 261,319,863 shares NCIB term: August 5, 2026 to July 31, 2027 +5 more

8 metrics

Maximum NCIB shares 13,065,993 shares Up to 5% of issued and outstanding common shares under renewed NCIB

Shares outstanding 261,319,863 shares Issued and outstanding common shares as of July 27, 2026

NCIB term August 5, 2026 to July 31, 2027 Duration of renewed normal course issuer bid

Daily TSX limit 194,581 shares 25% of average daily trading volume of 778,325 shares on TSX

Prior NCIB repurchases 7,739,880 shares Shares bought under previous NCIB at VWAP of C$43.56

VWAP under prior NCIB C$43.56 per share Volume weighted average purchase price of prior NCIB buybacks

Shares to be cancelled 12,865,993 shares Maximum repurchased shares designated for cancellation under NCIB

Shares for RSU plan 200,000 shares Maximum repurchased shares to be held in trust for RSU plan

Key Terms

normal course issuer bid, automatic share purchase plan, volume weighted average purchase price, block purchase exception, +2 more

6 terms

normal course issuer bid regulatory

"intention to renew its normal course issuer bid (the “NCIB”)"

A Normal Course Issuer Bid is when a company buys back its own shares from the stock market over time. This usually shows that the company believes its stock is undervalued and wants to support its price, which can be important for investors to watch.

automatic share purchase plan regulatory

"entered into an automatic share purchase plan with its designated broker"

An automatic share purchase plan is a pre-arranged agreement that allows investors to buy a set amount of a company's shares at regular intervals without needing to make individual decisions each time. It helps investors steadily build their holdings over time, much like setting a recurring deposit into a savings account, making investing more disciplined and less influenced by short-term market fluctuations.

volume weighted average purchase price financial

"at a volume weighted average purchase price of C$43.56 per Common Share"

The volume weighted average purchase price is the average price an investor paid for a security, calculated by giving more weight to prices where more shares were bought—so large trades move the average more than small ones. Investors use it like a cost-basis yardstick to see whether current market prices are above or below what they effectively paid, helping judge gains, losses, and whether to sell or add to a position.

block purchase exception regulatory

"Daily purchases on the TSX under the NCIB will be limited ... other than purchases made pursuant to the block purchase exception"

restricted share unit plan financial

"for the purposes of satisfying redemptions pursuant to Eldorado’s restricted share unit plan"

A restricted share unit plan is a company program that promises employees or executives actual company shares or cash tied to the company’s stock, delivered later once conditions like continued employment or performance targets are met. Think of it as a delayed paycheck paid in stock that becomes fully owned only after certain milestones. Investors care because these awards can change the number of shares outstanding, affect reported costs, and align employee actions with shareholder value.

safe harbor regulatory

"in order to qualify for the safe harbor provided under applicable United States securities laws"

Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.

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FAQ

What did Eldorado Gold (EGO) announce in its July 2026 update?

Eldorado Gold announced TSX approval to renew its normal course issuer bid, allowing repurchases of up to 13,065,993 common shares (5% of shares outstanding) between August 5, 2026 and July 31, 2027 through the TSX, NYSE and alternative trading systems.

How many Eldorado Gold (EGO) shares can be repurchased under the renewed NCIB?

The renewed NCIB permits Eldorado Gold to repurchase up to 13,065,993 common shares, representing 5% of the 261,319,863 issued and outstanding shares as of July 27, 2026. Purchases are discretionary and may be suspended at any time by the company.

What are the start and end dates of Eldorado Gold’s (EGO) renewed NCIB?

The renewed NCIB begins on August 5, 2026 and ends on July 31, 2027. During this period, Eldorado Gold may buy back shares on the TSX, NYSE and alternative trading systems, subject to daily limits and applicable securities laws and exchange rules.

How did Eldorado Gold (EGO) use its previous normal course issuer bid?

Under the prior NCIB, which allowed purchases of up to 10,159,967 shares, Eldorado Gold repurchased 7,739,880 common shares on the open market at a volume weighted average price of C$43.56 per share through the TSX, NYSE and alternative trading systems.

What will Eldorado Gold (EGO) do with shares repurchased under the new NCIB?

Up to 12,865,993 repurchased shares are expected to be cancelled, while up to 200,000 shares may be held in trust by Computershare Trust Company of Canada to meet obligations under Eldorado Gold’s restricted share unit plan for designated participants.

How is Eldorado Gold (EGO) executing buybacks during blackout periods?

Eldorado Gold has entered into an automatic share purchase plan with its broker, enabling share repurchases during regulatory or self‑imposed blackout periods. Before a blackout, Eldorado may instruct purchases within preset parameters consistent with securities laws and TSX and NYSE rules.

Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of July 2026

Commission File Number 001-31522

Eldorado Gold Corporation

(Translation of registrant’s name into English)

11^th Floor-550 Burrard Street 

Bentall 5
Vancouver, B.C. 

Canada V6C 2B5 

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ¨               Form 40-F þ

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		ELDORADO GOLD CORPORATION
	By:	/s/ Karen Aram
		Karen Aram, Corporate Secretary

Date: July 31, 2026

Exhibits

Exhibit No.		Description
99.1		News Release dated July 30, 2026

Exhibit 99.1

NEWS RELEASE
TSX: ELD NYSE: EGO	July 30, 2026

Eldorado Gold Announces Renewal of Normal Course Issuer Bid

VANCOUVER, BC – Eldorado Gold Corporation (TSX: ELD, NYSE: EGO) (“Eldorado” or “the Company”) announces that it has received approval from the Toronto Stock Exchange (the "TSX") of Eldorado’s notice of intention to renew its normal course issuer bid (the “NCIB”).

Pursuant to the NCIB, Eldorado may purchase up to 13,065,993 common shares of Eldorado (“Common Shares”), which is 5% of the 261,319,863 issued and outstanding Common Shares as at July 27, 2026. Purchases will be made through the facilities of the TSX, the New York Stock Exchange (the “NYSE”) and alternative trading systems in Canada or the United States at prevailing market prices. The NCIB will commence on August 5, 2026 and will end on July 31, 2027.

Under Eldorado’s previous normal course issuer bid that commenced on August 6, 2025 and will end on July 31, 2026, under which Eldorado sought and received approval from the TSX to purchase up to 10,159,967 Common Shares, 7,739,880 Common Shares were purchased on the open market through the facilities of TSX, the NYSE and/or alternative trading systems in Canada or the United States at a volume weighted average purchase price of C$43.56 per Common Share.

Daily purchases on the TSX under the NCIB will be limited to 194,581 Common Shares, other than purchases made pursuant to the block purchase exception, which represents 25% of the average daily trading volume of 778,325 Common Shares on the TSX for six months ending June 30, 2026. Purchases on the NYSE will be subject to daily limitations and other conditions regarding the manner, timing, price and volume of purchases in order to qualify for the safe harbor provided under applicable United States securities laws. The actual number of Common Shares which may be purchased under the NCIB and the timing of any such purchases will be determined by the management of the Company, subject to applicable laws and the rules of the TSX and NYSE.

Up to 12,865,993 Common Shares repurchased under the NCIB will be cancelled, and up to 200,000 Common Shares repurchased under the NCIB will remain outstanding and be held in trust by Computershare Trust Company of Canada for the purposes of satisfying redemptions pursuant to Eldorado’s restricted share unit plan (the “RSU Plan”) until such Common Shares are required to be transferred to designated participants under the terms of the RSU Plan.

The NCIB is being renewed as Eldorado believes the market price of the Common Shares may not, from time to time, fully reflect their long-term value. Accordingly, the repurchase of the Common Shares under the NCIB is in the best interests of the Company and an attractive and appropriate use of available funds given the strength of the balance sheet, progress on the Skouries Project and ongoing cash generation from the operations in a high gold price environment. Eldorado is committed to enhancing shareholder returns through such programs as the NCIB.

In connection with the NCIB, Eldorado has entered into an automatic share purchase plan with its designated broker to facilitate the purchase of Common Shares during times when Eldorado would ordinarily not be permitted to purchase Common Shares due to regulatory restrictions or self-imposed black-out periods. Before entering a black-out period, the Company may, but is not required to, instruct the broker to make purchases under the NCIB based on parameters set by Eldorado in accordance with the automatic share purchase plan, applicable securities laws and the rules of the TSX and NYSE.

1

Although Eldorado has a present intention to acquire its Common Shares pursuant to the NCIB, Eldorado will not be obligated to make any purchases and purchases may be suspended by Eldorado at any time.

A copy of Eldorado’s Notice filed with the TSX may be obtained, by any shareholder without charge, by contacting Eldorado’s Corporate Secretary.

About Eldorado Gold

Eldorado is a gold, copper and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Contact

Investor Relations 

Lynette Gould, VP, Investor Relations, Communications & External Affairs 

647 271 2827 or 1 888 353 8166 

lynette.gould@eldoradogold.com

Media 

Chad Pederson, Director, Communications and Public Affairs 

236 885 6251 or 1 888 353 8166 

chad.pederson@eldoradogold.com

Cautionary Note About Forward-Looking Statements and Information

Certain of the statements made and information provided in this news release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as “anticipate”, “believe”, “budget”, “continue”, “commitment”, “confident”, “deliver”, “estimate”, “expect”, “forecast”, “foresee”, “future”, “goal”, “generate”, “guidance”, “intend”, “opportunity”, “outlook”, “plan”, “project”, “potential”, “prospective”, “scheduled”, “strive”, or “target” or the negatives thereof or variations of such words and phrases or similar words or statements that certain actions, events or results “can”, “could”, “likely”, “may”, “might”, “will”, or “would” be taken, occur or be achieved. Forward-looking statements or information contained in this news release include, but are not limited to, statements or information with respect to: Eldorado’s intention to commence the NCIB, the timing, methods and quantity of any purchases of Common Shares under the NCIB, the availability of cash for repurchases of Common Shares under the NCIB, compliance with applicable laws and regulations pertaining to the NCIB, Eldorado’s perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances.

Forward-looking statements and forward-looking information are by their nature based on a number of assumptions that management considers reasonable. However, if such assumptions prove to be inaccurate, then actual results, activities, performance or achievements may be materially different from those described in the forward-looking statements or information. These include assumptions concerning, among other things: general market conditions, including prevailing market prices of our Common Shares and other available investment and business opportunities. In addition, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this news release. Even though we believe that the assumptions and expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statements or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.

Forward-looking statements or information contained in this news release are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements or information, including, but not limited to: our assumptions relating to general market conditions, including prevailing market prices of our Common Shares, and other available investment and business opportunities, and those risk factors discussed in the section titled “Risk Factors in Our Business” in the Company’s most recent Annual Information Form and Form 40-F. The reader is directed to carefully review our most recent Annual Information Form, Form 40-F and other regulatory filings filed on SEDAR+ and EDGAR under our Company name for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.

The inclusion of forward-looking statements and information is designed to help you understand management’s current views of our near and longer-term prospects, and it may not be appropriate for other purposes. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada and the United States. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein.

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Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 17.7 KB