Eldorado Gold Announces Normal Course Issuer Bid
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NEWS RELEASE
TSX: ELD NYSE: EGO November 6, 2024
Eldorado Gold Announces Normal Course Issuer Bid
VANCOUVER, BC – Eldorado Gold Corporation (“Eldorado” or “the Company”) announces that
the Toronto Stock Exchange (the “TSX”) has accepted for filing Eldorado’s Notice in respect of a normal
course issuer bid (the “NCIB”) . Purchases will be made on the open market through the facilities of the
TSX and/or alternative Canadian trading systems.
Pursuant to the NCIB, Eldorado may purchase up to 35 0,000 of its common shares (the “Shares”)
representing approximately 0.17% of the total 204,909,496 common shares of Eldorado issued and
outstanding as at October 31, 2024 . Purchases will be made at prevailing market prices commencing
November 8, 2024 and ending July 31, 2025 . Pursuant to TSX policies, daily purchases will not exceed
83,123 common shares, other than block purchase exceptions. The average daily trading volume for the
six-month period from May 1, 2024 to October 31, 2024 was 332,492 common shares. Purchases under
the NCIB by Eldorado will be the market price at the time of acquisition.
Eldorado has engaged National Bank Financial Inc. (the “Broker”) as its broker under an automatic share
purchase plan to undertake purchases under the NCIB. During the term of the automatic share purchase
plan, Eldorado will not communicate any material undisclosed information to the trading staff at the
Broker, and accordingly the Broker may make purchases regardless of whether a blackout period is in
effect or whether there is material undisclosed information about Eldorado at the time purchases are
made.
Eldorado believes that the purchase of the Shares would be an effective use of its funds and is an
effective strategy to enable it to satisfy its future obligations under its employee restricted share unit plan.
Under the Company’s previous normal course issuer bid that commenced on July 4 , 2023 and terminated
on July 3, 2024 under which the Company sought and received approval from the TSX to purchase up to
500,000 common shares, 500,000 common shares were purchased on the open market through the
facilities of TSX and/or alternative Canadian trading systems at a volume weighted average purchase
price of C$14.7482 per common share.
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 and base metals producer with mining, development and exploration operations in
Türkiye, Canada and Greece. 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
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Lynette Gould, VP, Investor Relations, Communications & External Affairs
647 271 2827 or 1 888 353 8166
Media
Chad Pederson, Director, Communications and Public Affairs
236 885 6251 or 1 888 353 8166
Cautionary Note About Forward-Looking Statements and Information
Certain of the statements made and information provided in this press 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. Of ten,
these forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is
expected", "budget", “continue”, “projected”, "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the
negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved.
Forward-looking statements and forward- looking information by their nature are based on assumptions and involve known and
unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or achievements expressed or implied by such forward-
looking statements or information.
We have made certain assumptions about the forward- looking statements and information, including assumptions about: general
market conditions, including prevailing market prices of our common shares and other available investment and business
opportunities. In particular, 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 release.
Even though our management believes that the assumptions made and the expectations represented by such statements or
information are reasonable, there can be no assurance that the forward- looking statement or information will prove to be accurate.
Many assumptions may be difficult to predict and are beyond our control.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions pr ove
incorrect, actual results may vary materially from those described in forward- looking statements or information. These risks,
uncertainties and other factors include, among others: our assumptions relating to general market conditions, including prevailing
market prices of our common shares, and other available investment and business opportunities, as well as those risk factors
discussed in the sections titled “Forward- Looking Statements” and "Risk factors in our business" in the Company's most recent
Annual Information Form & Form 40- F. The reader is directed to carefully review the detailed risk discussion in our most recent
Annual Information Form filed on SEDAR+ and EDGAR under our Company name, which discussion is incorporated by reference in
this release, 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. Accordingly, you should not place undue reliance on the
forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward- looking
statements and information continually as conditions change.