L1 Capital Pty Ltd Acquires 5.26% Passive Stake in Eldorado Gold Corp

On May 14, 2026, L1 Capital Pty Ltd filed a Schedule 13G with the SEC, reporting a new 5.2567% passive stake in Eldorado Gold Corp (EGO). The Australian-based investment manager disclosed beneficial ownership of 10,440,333 shares of common stock as of the event date on March 31, 2026. This position represents a significant increase from its previously reported zero holdings. The shares are held across several entities managed by L1 Capital, including the L1 Long Short Fund Limited, L1 Gold Fund Limited, and various master funds. The reporting person holds sole voting and dispositive power over the entire 10,440,333 shares. The filing was made under Rule 13d-1(b), indicating the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. Eldorado Gold Corp, headquartered in Vancouver, Canada, has approximately 198,610,592 shares of common stock outstanding according to the filing.