BlackRock discloses 9.1% Eldorado Gold (NYSE: EGO) ownership stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
BlackRock Portfolio Management LLC, a Delaware entity, reports beneficial ownership of 23,655,913 shares of Eldorado Gold Corporation common stock on Schedule 13G/A (Amendment No. 3). This represents 9.1% of the outstanding common shares as of June 30, 2026.
BlackRock reports sole voting power over 23,257,909 shares and sole dispositive power over all 23,655,913 shares, with no shared voting or dispositive power. The position is held across various accounts; no single other person has an interest in more than five percent of Eldorado Gold’s outstanding common shares.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 23,655,913 shares
Percent of class: 9.1%
Sole voting power: 23,257,909 shares
+2 more
5 metrics
Beneficial ownership
23,655,913 shares
Eldorado Gold common stock beneficially owned by BlackRock Portfolio Management LLC
Percent of class
9.1%
Portion of Eldorado Gold outstanding common stock represented by BlackRock’s holdings
Sole voting power
23,257,909 shares
Shares for which BlackRock has sole power to vote or direct the vote
Shared voting power
0 shares
Shares for which BlackRock has shared power to vote or direct the vote
Sole dispositive power
23,655,913 shares
Shares for which BlackRock has sole power to dispose or direct the disposition
Key Terms
beneficially owned, Sole Voting Power, Sole Dispositive Power, Schedule 13G, +1 more
5 terms
beneficially owned financial
"this reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"5 | Sole Voting Power 23,257,909.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Power financial
"7 | Sole Dispositive Power 23,655,913.00 8 | Shared Dispositive Power 0.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G regulatory
"In accordance with SEC Release No. 34-39538 (January 12, 1998), this reflects the securities beneficially owned"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Power of Attorney regulatory
"Exhibit 24: Power of Attorney Exhibit 99: Item 7"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Eldorado Gold (EGO) does BlackRock Portfolio Management LLC report owning?
BlackRock Portfolio Management LLC reports beneficial ownership of 9.1% of Eldorado Gold Corporation’s common stock. This corresponds to 23,655,913 shares as reported in the Schedule 13G/A (Amendment No. 3).
Does any single client of BlackRock hold over 5% of Eldorado Gold (EGO)?
No. The filing states that while various persons may receive dividends or sale proceeds, no one person’s interest in Eldorado Gold common stock exceeds five percent of the total outstanding common shares.
Who signed the Schedule 13G/A filing for Eldorado Gold (EGO) on behalf of BlackRock?
The Schedule 13G/A is signed by Spencer Fleming, identified as a Managing Director of BlackRock Portfolio Management LLC, with the signature dated July 17, 2026.