Fairfax Financial Holdings, led by investor Prem Watsa, has established a significant new position in Eldorado Gold Corp. According to its latest 13F filing, Fairfax acquired 13.75 million shares valued at approximately $427 million as of June 30, 2026. The substantial purchase makes the gold producer a major holding for the firm, accounting for 16.18% of its reported portfolio.
Investors should note that 13F filings are delayed disclosures, meaning these trades occurred at an undetermined time during the second quarter of 2026. Earlier in the year, Watsa had publicly supported Eldorado's combination with Foran Mining, stating the transaction creates a "high-quality, Canadian-based mining company with a compelling growth profile." During the second quarter, Eldorado reported progress on key growth projects but missed earnings estimates due to planned production cuts at one of its mines.