02:15:27 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Eldorado Gold Corp (2)
Symbol ELD
Shares Issued 184,887,734
Close 2023-06-02 C$ 12.97
Market Cap C$ 2,397,993,910
Recent Sedar Documents

Globe says Eldorado Gold throws Bay Street a bone

2023-06-05 07:46 ET - In the News

Also In the News (C-BMO) Bank of Montreal
Also In the News (C-NA) National Bank of Canada

The Globe and Mail reports in its Monday edition that Eldorado Gold is the latest to throw Bay Street a bone. The Globe's Jameson Berkow writes that Eldorado tapped BMO Capital Markets and National Bank Financial last week to lead a bought deal share offering worth between $135-million and $155-million, depending on whether an overallotment option is exercised. The deal comes amid a dearth of stock sales, as many public companies remain paralyzed by a combination of economic uncertainty and market volatility. Eldorado boss George Burns said: "It is a challenging market still to get deals done. We are fortunate that ours closed and we got the funding." The total value of new stock issues in Canada in the first quarter fell 36 per cent year-over-year to $2.6-billion from $4.1-billion. Compared with the most recent 10-year first quarter average of $10.6-billion, the start of this year was down an even more precipitous 75 per cent. Despite the downward trend, Mr. Berkow says investors have remained eager to give money to miners. More than two-thirds of stock sales in the first quarter -- 84 of 121 deals -- were done by mining companies, and Mr. Burns said several banks tried to get a piece of Eldorado's deal.

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