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BlackRock Portfolio Management reports 10.4% stake in Eldorado Gold (NYSE: EGO)

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Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

BlackRock Portfolio Management LLC amended its Schedule 13G to report beneficial ownership of 20,606,359 shares of Eldorado Gold Corporation common stock, representing 10.4% of the class as of 03/31/2026. The filer reports sole voting power for 20,120,375 shares and sole dispositive power for 20,606,359 shares. The filing notes that the BGF World Gold Fund holds more than 5% of the outstanding common stock and attaches exhibits for Item 7 and a power of attorney.

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Insights

BlackRock reports a 10.4% stake in Eldorado Gold as of 03/31/2026.

BlackRock Portfolio Management LLC discloses beneficial ownership of 20,606,359 shares, with 20,120,375 shares of sole voting power. This indicates consolidated voting authority but the filing does not break down which specific BlackRock funds hold the shares beyond naming BGF World Gold Fund as a >5% interest holder.

Cash‑flow treatment and any disposition plans are not stated in the excerpt; subsequent filings or exhibits may identify the acquiring subsidiary or trading intentions. Ownership percentages are time‑anchored to 03/31/2026, and the signature is dated 04/29/2026.

Beneficially owned 20,606,359 shares Amount beneficially owned as of 03/31/2026
Percent of class 10.4% Percent of common stock as of 03/31/2026
Sole voting power 20,120,375 shares Sole power to vote as reported on the cover page
Sole dispositive power 20,606,359 shares Sole power to dispose as reported on the cover page
CUSIP 284902509 Eldorado Gold Corporation common stock CUSIP on the filing
Schedule 13G/A regulatory
"Amendment No. 2 to Schedule 13G/A cover page"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficial ownership financial
"Amount beneficially owned: 20606359 (Item 4)"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Dispositive power financial
"Sole power to dispose or to direct the disposition of: 20606359"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Investment Company Act regulatory
"investment company registered under the Investment Company Act of 1940"
The Investment Company Act is a law that sets rules for businesses whose main activity is managing and selling pooled money, such as mutual funds and other investment funds. It matters to investors because it requires clear reporting, limits managers from putting their own interests ahead of clients, and mandates safekeeping and oversight of assets—similar to safety inspections and traffic rules that help keep shared vehicles reliable and trustworthy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What stake does BlackRock (EGO) report in Eldorado Gold?

BlackRock reports beneficial ownership of 20,606,359 shares, equal to 10.4% of Eldorado Gold's common stock as of 03/31/2026. The filing lists voting and dispositive power figures for those shares.

How many shares does BlackRock have sole voting power over?

BlackRock reports sole voting power for 20,120,375 shares of Eldorado Gold common stock. The filing separately reports sole dispositive power for 20,606,359 shares as of the stated date.

Does the filing identify other funds holding over 5% of EGO?

Yes. The filing identifies the BGF World Gold Fund as holding more than 5% of Eldorado Gold's outstanding common stock per Item 6. No further beneficiary list is provided in the excerpt.

What date is the reported ownership tied to in the amendment?

The ownership percentage and share counts are reported as of 03/31/2026. The Schedule 13G/A amendment is signed on 04/29/2026 by Spencer Fleming, Managing Director.

Does the filing state whether BlackRock controls disposition of the shares?

The filing shows BlackRock has sole dispositive power for 20,606,359 shares, indicating authority to direct dispositions. The document does not disclose any planned sales or transfers in the excerpt.





284902509

(CUSIP Number)
03/31/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G



BlackRock Portfolio Management LLC
Signature:Spencer Fleming
Name/Title:Managing Director
Date:04/29/2026
Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7