- Eldorado Gold (ELD) has announced its intention to implement a normal course issuer bid
- Eldorado may purchase up to 1,421,373 of its common shares between December 30, 2021 and December 29, 2022
- Eldorado has entered into an Automatic Share Purchase Plan with National Bank Financial Inc.
- Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil
- Eldorado Gold Corporation (ELD) opened trading at C$12.05 per share
Eldorado Gold (ELD) has announced its intention to implement a normal course issuer bid (NCIB).
Under the NCIB, Eldorado may purchase up to 1,421,373 of its common shares representing approximately 0.8 per cent of the company’s issued and outstanding shares as at December 17, 2021.
Purchases will be made at prevailing market prices between December 30, 2021, and December 29, 2022.
Eldorado Gold may purchase up to a daily maximum of 109,140 common shares.
Eldorado has entered into an Automatic Share Purchase Plan with National Bank Financial Inc. for the purpose of buying shares through Eldorado’s blackout periods. All other purchases under the NCIB will be at the discretion of the company.
Eldorado believes the purchase of its shares for cancellation is an attractive opportunity to enhance shareholder value and is an effective strategy to enable it to satisfy its future obligations under its employee restricted share unit plan.
Eldorado has not repurchased any of its common shares by way of a normal course issuer bid in the previous 12 months.
Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil.
Eldorado Gold Corporation (ELD) opened trading at C$12.05 per share.