Eldorado Gold Corp: L1 Capital Pty Ltd reports beneficial ownership of 10,440,333 shares of Common Stock, representing 5.2567% of the class based on 198,610,592 shares outstanding as of the filing. The holdings are held across multiple L1 funds under L1 Capital Pty Ltd, which has sole voting and dispositive power over the reported shares.
The report lists the reporting person as L1 Capital Pty Ltd (Australia) and cites a CUSIP of 284902509. The filing is dated 03/31/2026 on the cover data and signed on 05/15/2026.
Positive
None.
Negative
None.
Insights
Large passive stake reported: 10.44M shares (5.2567% of class).
The filing shows L1 Capital Pty Ltd as the reporting entity with sole voting and dispositive power over 10,440,333 shares, held across several L1 funds. The 5.2567% figure is calculated on a stated base of 198,610,592 shares outstanding.
Implications depend on future filings and trading; subsequent amendments or Form 13D conversion would change disclosure status. Cash‑flow treatment and any plans to acquire or dispose are not stated in the provided excerpt.
Key Figures
Shares beneficially owned:10,440,333 sharesPercent of class:5.2567%Shares outstanding (base):198,610,592 shares+2 more
5 metrics
Shares beneficially owned10,440,333 sharesAmount reported as beneficially owned by L1 Capital
Percent of class5.2567%Percentage based on 198,610,592 shares outstanding
Shares outstanding (base)198,610,592 sharesShares outstanding used to compute the <b>5.2567%</b> figure
CUSIP284902509CUSIP for Eldorado Gold Corp Common Stock
Filing/cover date03/31/2026Cover data date shown in the excerpt
Key Terms
Schedule 13G, Beneficially owned, Sole dispositive power
3 terms
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: Eldorado Gold Corp"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole dispositive powerregulatory
"sole power to dispose or to direct the disposition of: 10,440,333"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Eldorado Gold Corp
(Name of Issuer)
Common Stock
(Title of Class of Securities)
284902509
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
284902509
1
Names of Reporting Persons
L1 Capital Pty Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
AUSTRALIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
10,440,333.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
10,440,333.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,440,333.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2567 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Eldorado Gold Corp
(b)
Address of issuer's principal executive offices:
550 BURRARD STREET, 11TH FLOOR,, VANCOUVER, BRITISH COLUMBIA, CANADA
V6C2B5
Item 2.
(a)
Name of person filing:
L1 Capital Pty Ltd
(b)
Address or principal business office or, if none, residence:
LEVEL 45
101 COLLINS STREET
MELBOURNE VIC 3000, Australia
00000
(c)
Citizenship:
AUSTRALIA
(d)
Title of class of securities:
Common Stock
(e)
CUSIP Number(s):
284902509
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Australian investment manager and Australian Financial Services License (AFSL) holder regulated by the Australian Securities and Investments Commission (ASIC)
Item 4.
Ownership
(a)
Amount beneficially owned:
10,440,333
The amount in Rows (5), (7) and (9) consists of 10,440,333 shares of common stock owned by the L1 Long
Short Fund Limited, the L1 Capital Long Short Fund, the L1 Capital Long Short (Master) Fund, the L1 Gold
Fund Limited, the L1 Capital Global Long Short Fund, the L1 Global Long Short Fund Limited, and the L1
Capital Global Long Short (Master) Fund, all controlled and managed by L1 Capital Pty Ltd. The percentage
set forth on Row (11) of the cover page for the reporting person is based on 198,610,592 shares of Common
Stock outstanding.
(b)
Percent of class:
5.2567 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
10,440,333
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
10,440,333
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does L1 Capital hold in Eldorado Gold (EGO)?
L1 Capital beneficially owns 10,440,333 shares, equal to 5.2567% of Common Stock based on 198,610,592 shares outstanding cited in the filing.
Which entities hold the reported Eldorado shares for L1 Capital?
The shares are held across multiple L1 funds, including the L1 Long Short Fund Limited, L1 Gold Fund Limited, and other L1 global long short funds controlled by L1 Capital Pty Ltd.
Does L1 Capital have voting control over these shares?
Yes. The filing states L1 Capital has sole voting power and sole dispositive power for all 10,440,333 shares reported.
What filing date and CUSIP are shown for this 13G?
The cover data shows the date 03/31/2026 and the CUSIP 284902509; the form is signed on 05/15/2026 by Joel Arber, Director.
Is this a passive Schedule 13G or an active Schedule 13D filing?
The excerpt provided is a Schedule 13G beneficial ownership report; it does not convert to or state a Schedule 13D status within the provided text.
