BuybackJul 30, 2026, 05:07 PM
Eldorado Gold Renews NCIB to Repurchase up to 13.07M Shares
AI Summary
Eldorado Gold Corporation announced the renewal of its normal course issuer bid (NCIB), approved by the Toronto Stock Exchange. The company is authorized to repurchase up to 13,065,993 common shares, representing 5% of its issued and outstanding shares, between August 5, 2026, and July 31, 2027. This follows a previous NCIB where 7,739,880 shares were purchased at a volume-weighted average price of C$43.56. Eldorado Gold believes the buyback is in the best interest of the company, reflecting confidence in its balance sheet, the Skouries Project, and ongoing cash generation.
Key Highlights
- Eldorado Gold to repurchase up to 13,065,993 common shares (5% of outstanding).
- NCIB commences August 5, 2026, and concludes July 31, 2027.
- Previous NCIB purchased 7,739,880 shares at C$43.56 average price.
- Daily purchases on TSX limited to 194,581 common shares.
- Up to 12,865,993 shares will be cancelled, 200,000 for RSU plan.
- Company believes market price may not fully reflect long-term value.
Price Impact
More from EGO