Helikon Investments Holds 28.1M Eldorado Gold Shares

TL;DR

**Helikon Investments still holds a huge chunk of Eldorado Gold, showing strong institutional backing.**

AI Summary

Helikon Investments Limited, a UK-based investment firm, filed an amended SC 13G/A on February 8, 2024, disclosing its beneficial ownership of 28,142,733 common shares of Eldorado Gold Corp /FI as of December 31, 2023. This represents a significant stake, indicating Helikon's continued confidence or strategic interest in the gold mining company. For investors, this filing shows a major institutional holder's position, which can influence stock sentiment and liquidity.

Why It Matters

This filing reveals a major institutional investor's substantial stake in Eldorado Gold, signaling their conviction in the company's future and potentially influencing other investors' perceptions.

Risk Assessment

Risk Level: low — This filing is an update on an existing position, not a new acquisition or disposal, indicating stability rather than immediate risk.

Analyst Insight

Investors should note the continued significant institutional ownership by Helikon Investments Limited, which could be a positive signal of long-term value, but should also conduct their own due diligence on Eldorado Gold's fundamentals.

Key Numbers

• 28,142,733 — Common Shares (Number of Eldorado Gold Corp shares beneficially owned by Helikon Investments Limited with shared voting power.)
• 0 — Sole Voting Power (Indicates Helikon Investments Limited has no sole voting power over Eldorado Gold Corp shares.)

Key Players & Entities

• Helikon Investments Limited (company) — the reporting person, a UK-based investment firm
• Eldorado Gold Corp /FI (company) — the subject company, a gold and silver ores miner
• 28,142,733 (dollar_amount) — number of common shares beneficially owned by Helikon Investments Limited
• December 31, 2023 (date) — the date of the event requiring this filing
• United Kingdom (company) — place of organization for Helikon Investments Limited

Forward-Looking Statements

• Helikon Investments Limited will maintain a significant stake in Eldorado Gold Corp /FI throughout 2024. (Helikon Investments Limited) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• p24-0515sc13ga.htm (SC 13G/A) — 57KB
• 0000902664-24-001295.txt ( ) — 59KB

(a)

Item 1(a). NAME OF ISSUER The name of the issuer is Eldorado Gold Corp. (the "Company").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES The Company's principal executive offices are located at Suite 1188 - Bentall 5, 550 Burrard Street, Vancouver, BC V6C 2B5 Canada

(a)

Item 2(a). NAME OF PERSON FILING (i) Helikon Investments Limited a United Kingdom public limited company ("Helikon UK"), with respect to the Shares (as defined in Item 2(d) below), held by Helikon Long Short Equity Fund Master ICAV (the "Helikon Fund") managed by Helikon UK; and (ii) Federico Riggio ("Mr. Riggio", and together with Helikon UK, the "Reporting Persons"), with respect to the Shares directly held by the Helikon Fund.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE (i) Helikon UK; 105 Jermyn Street, London SW1Y 6EE (ii) Mr. Riggio 105 Jermyn Street, London SW1Y 6EE.

(c)

Item 2(c). CITIZENSHIP Helikon UK is a United Kingdom public limited company organized under the laws of the United Kingdom. Mr. Riggio is a citizen of the Italy.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES Common Shares (the "Shares")

(e)

Item 2(e). CUSIP NUMBER 284902509 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO Rules 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act; (b) ¨ Bank as defined in Section 3(a)(6) of the Act; (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act; (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940; (e) ¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); CUSIP No. 284902509 13G/A Page 5 of 7 Pages (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) x A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Helikon UK is an investment manager, authorized and regulated by the Financial Conduct Authority in the United Kingdom which is comparable to the regulatory scheme applicable to the investment advisers covered by Item 3(e) above. Item 4. The percentages used herein are calculated based upon 202,867,117 Shares outstanding as of October 27, 2023, as disclosed in the investor presentation dated January 5, 2024, available publicly on the investor relations page of the Company’s website. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The filing of thi

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: February 8, 2024 Helikon Investments Limited /s/ Paul McLernon Name: Paul McLernon Title: Director /s/ Federico Riggio FEDERICO RIGGIO

View Full Filing

View this SC 13G/A filing on SEC EDGAR