Eldorado Gold Corporation Receives Approval for Normal Course Issuer Bid

Eldorado Gold Corporation has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to purchase up to 10,159,967 common shares. This bid aims to repurchase the shares at prevailing market prices, and the company believes that the market price may not fully reflect the long-term value of the shares. The renewal of the bid is part of the company's efforts to enhance shareholder returns through various programs.

Key Takeaways:

• Eldorado Gold Corporation has received approval to renew its normal course issuer bid, allowing the company to purchase up to 10,159,967 common shares.
• The bid is designed to repurchase shares at prevailing market prices, and the company intends to make purchases through the facilities of the Toronto Stock Exchange, the New York Stock Exchange, and alternative trading systems in Canada or the United States.
• The actual number of shares purchased and the timing of such purchases will be determined by the company's management, subject to applicable laws and the rules of the exchanges.
• Daily purchases on the Toronto Stock Exchange will be limited to 101,895 common shares, and purchases on the New York Stock Exchange will be subject to daily limitations and other conditions to qualify for the safe harbor provided under applicable United States securities laws.
• Up to 9,679,967 common shares repurchased under the bid will be cancelled, and up to 480,000 shares will remain outstanding and be held in trust for the purposes of satisfying redemptions under the restricted share unit plan.
• The company believes the repurchase of shares is in the best interests of the company and represents an attractive use of available funds, given the strength of the balance sheet and ongoing cash generation from operations in a high gold price environment.
• Eldorado has entered into an automatic repurchase plan with its designated broker to facilitate purchases under the TSX, subject to parameters set by the company.
• The company maintains a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities.

Statistics:

• Up to 10,159,967 common shares can be purchased under the normal course issuer bid.
• The bid represents 5% of the issued and outstanding common shares as at July 30, 2025.
• Daily purchases on the Toronto Stock Exchange will be limited to 101,895 common shares.
• A maximum of 9,679,967 repurchased shares will be cancelled, while up to 480,000 shares will be held in trust for redemptions under the restricted share unit plan.
• The Skouries Project, with ongoing progress, will contribute to the company's cash generation from operations in a high gold price environment.

Sources:

• GlobeNewswire, "Eldorado Gold Corporation Receives Approval for Normal Course Issuer Bid" (July 31, 2025)
• Eldorado Gold Corporation, "Annual Information Form & Form 40-F" (filed on SEDAR+ and EDGAR under the Company name)
• Eldorado Gold Corporation, "Notice of Intention to Renew Normal Course Issuer Bid" (filed on the Toronto Stock Exchange)