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EGO new 52 hi
EGO new 52 hi
Entry position this morning. Will add sub $9.30.
Eldorado Gold Announces First Quarter 2021 Preliminary Production Results
and Conference Call Details
Apr 12, 2021
Download this Press Release (PDF 133 KB)
VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) --
Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to
announce first quarter 2021 preliminary gold production of 111,742 ounces,
in-line with the Company’s 2021 annual guidance of between 430,000 and
460,000 ounces of gold.
Individual mine gold production is shown in the table below.
Q1 2021 Preliminary Gold Production
https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2021/Eldorado-Gold-Announces-First-Quarter-2021-Preliminary-Production-Results-and-Conference-Call-Details/default.aspx
https://www.eldoradogold.com/news-and-media/default.aspx
https://www.eldoradogold.com
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Eldorado Gold Completes Acquisition of QMX Gold
Apr 07, 2021
Download this Press Release (PDF)
VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) --
Eldorado Gold Corporation (TSX: ELD; NYSE: EGO) (“Eldorado” or “the Company”) and QMX Gold Corporation (TSX-V: QMX) (“QMX”) are pleased to announce the successful acquisition by Eldorado of all of the outstanding common shares (the “QMX Shares”) in the capital of QMX not already owned by Eldorado, by way of a statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario) (the “Arrangement”). The Arrangement became effective at 12:01 a.m. (Eastern Time) on April 7, 2021 (the “Effective Time”) resulting in QMX becoming a wholly-owned subsidiary of Eldorado.
https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2021/Eldorado-Gold-Completes-Acquisition-of-QMX-Gold/default.aspx
“We are very pleased to complete the acquisition of QMX, which significantly increases Eldorado’s position in the Abitibi Greenstone Belt and is consistent with our strategy to invest in world-class mining jurisdictions. Eldorado is a committed partner for mining in Quebec, with exploration and operational success across our Lamaque operations. The addition of QMX to our portfolio opens a range of opportunities to expand our activities in the region and to leverage our existing infrastructure and Eldorado’s strong operational, exploration and stakeholder expertise,” said George Burns, Eldorado’s President and Chief Executive Officer.
Completion of the Arrangement
Under the terms of the Arrangement, each holder of QMX Shares is entitled to receive, for each QMX Share held immediately prior to the Effective Time, (i) C$0.075 in cash and (ii) 0.01523 of a common share (the “Eldorado Shares”) in the capital of Eldorado (together, the “Arrangement Consideration”), for total consideration of C$0.30 per QMX Share (based on the closing price of the Eldorado Shares on January 20, 2021).
With QMX now a wholly-owned subsidiary of the Company, Eldorado intends to de-list the QMX Shares from the TSX Venture Exchange as soon as practicable. Eldorado also intends to submit an application to the applicable securities regulators to have QMX cease to be a reporting issuer and terminate its public reporting obligations. Prior to the completion of the Arrangement, Eldorado owned, directly or indirectly, or exercised control or direction over, 68,125,000 QMX Shares representing approximately 15.55% of the issued and outstanding QMX Shares prior to the completion of the Arrangement.
Information for Former QMX Shareholders
In order to receive the Arrangement Consideration in exchange for QMX Shares, registered shareholders of QMX must complete, sign, date and return the letter of transmittal that was mailed to each QMX shareholder prior to the Effective Time. The letter of transmittal is also available under QMX’s profile on SEDAR at www.sedar.com.
For those shareholders of QMX whose QMX Shares are registered in the name of a broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they should contact such nominee for assistance in depositing their QMX Shares and should follow the instructions of such intermediary or nominee.
Warrants and Options
Pursuant to the Arrangement, each QMX stock option (each, a “QMX Option”) outstanding immediately prior to the Effective Time automatically vested and was immediately cancelled in exchange for a cash payment equal to the excess, if any, of: (i) the product of the number of QMX Shares underlying such QMX Options and C$0.30; over (ii) the applicable aggregate exercise price of such QMX Options. All QMX warrants (each, a “QMX Warrant”) outstanding immediately prior to the Effective Time will remain outstanding and, following the Effective Time, each QMX Warrant shall entitle the holder thereof to receive, upon exercise, the Arrangement Consideration in lieu of a QMX Share.
Additional Information
Full details of the Arrangement are set out in the arrangement agreement dated January 20, 2021 between Eldorado and QMX, which has been filed by QMX under its profile on SEDAR at www.sedar.com. In addition, further information regarding the Arrangement is contained in QMX’s management information circular dated February 9, 2021 (the “Circular”) prepared in connection with the special meeting of the QMX shareholders held on March 23, 2021 and filed on www.sedar.com. All shareholders are urged to read the Circular as it contains additional important information concerning the Arrangement.
About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado Shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
About QMX
QMX is a Canadian based resource company. QMX is systematically exploring its extensive property position in the Val d’Or mining camp in the Abitibi District of Quebec. QMX is currently drilling in the Val d’Or East portion of its land package focused on the Bonnefond Deposit and in the Bourlamaque Batholith. In addition to its extensive land package QMX owns the strategically located Aurbel gold mill and tailings facility.
Contacts
Investor Relations
Jeff Wilhoit, Interim Head of Investor Relations
604.376.1548 or 1.888.353.8166 jeff.wilhoit@eldoradogold.com
Media
Louise Burgess, Director Communications & Government Relations
604.616.2296 or 1.888.363.8166 louise.burgess@eldoradogold.com
Eldorado and QMX Head Office
1188 Bentall 5, 550 Burrard Street
Vancouver, BC V6C 2B5
Cautionary Note About Forward-Looking Statements and Information
Certain of the statements made and information provided in this press release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as “intend”, “opportunity” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to: opportunities to further Eldorado’s operating activities in Quebec; de-listing the QMX Shares from the TSX Venture Exchange; and submitting an application to have QMX cease to be a reporting issuer. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.
We have made certain assumptions about the forward-looking statements and information, including assumptions about: how the world-wide economic and social impact of COVID-19 is managed and the duration and extent of the COVID-19 pandemic; timing and cost of construction and exploration; the geopolitical, economic, permitting and legal climate that we operate in; the future price of gold and other commodities; the global concentrate market; exchange rates; anticipated costs, expenses and working capital requirements; production, mineral reserves and resources and metallurgical recoveries; the impact of acquisitions, dispositions, suspensions or delays on our business; and the ability to achieve our goals. In particular, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release.
Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others: global outbreaks of infectious diseases, including COVID-19; timing and cost of construction, and the associated benefits; recoveries of gold and other metals; geopolitical and economic climate (global and local), risks related to mineral tenure and permits; gold and other commodity price volatility; information technology systems risks; continued softening of the global concentrate market; risks regarding potential and pending litigation and arbitration proceedings relating to our business, properties and operations; expected impact on reserves and the carrying value; the updating of the reserve and resource models and life of mine plans; mining operational and development risk; financing risks; regulatory risks and liabilities including environmental regulatory restrictions and liability; discrepancies between actual and estimated production; mineral reserves and resources and metallurgical testing and recoveries; additional funding requirements; currency fluctuations; community and non-governmental organization actions; speculative nature of gold exploration; dilution; share price volatility and the price of our common shares; competition; loss of key employees; and defective title to mineral claims or properties, as well as those risk factors discussed in the sections titled “Forward-Looking Statements” and “Risk factors in our business” in the Company’s most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form filed on SEDAR and EDGAR under our Company name, which discussion is incorporated by reference in this release, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.
The inclusion of forward-looking statements and information is designed to help you understand management’s current views of our near- and longer-term prospects, and it may not be appropriate for other purposes.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2021/Eldorado-Gold-Completes-Acquisition-of-QMX-Gold/default.aspx
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In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Eldorado Gold reports more than 1000% increase in free cash flow in Q2
Neils Christensen Neils Christensen
Friday July 31, 2020 08:25
Kitco NewsShare this article:
Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!
(Kitco News) - The global COVID-19 pandemic did not have a material impact on Eldorado Gold as the company reported strong earnings in the second quarter, driven by higher production and rising gold prices.
Thursday, Eldorado announced net earnings were $45.6 million or $0.27 per share, up compared to net earnings of $12.2 million, or $0.08 per share reported in the second quarter of 2019.
Meanwhile, adjusted net earnings came in at $43.8 million, or $0.26 per share, up from an adjusted net loss of $3.5 million, or $0.02 loss per share reported last year. The earnings beat analysts' expectations.
"Our outstanding operational performance during the quarter positions us to continue to generate significant value for our stakeholders. Even while managing COVID-19, we achieved strong quarterly production while seeing lower all-in sustaining costs," said George Burns, president and CEO.
The higher gold price and substantial production numbers helped the company generate significant free cash flow. Eldorado reported free cash flow of $63.4 million for the second quarter, up significantly from $4.8 million during the same quarter last year.
The company said that gold production between April and June totaled 137,782, an increase of 50% from Q2 2019 production of 91,803 ounces, and a 19% increase over Q1 2020. The company said that it is maintaining its 2020 annual guidance of 520,000-550,000 ounces of gold at an all-in sustaining cost of $850-950 per ounce sold.
Along with higher production, Eldorado also reported lower costs. The company reported all-in sustaining costs of $859 per ounce of gold sold in the quarter, down compared to AISC of $917 per ounce sold last year.
"Our teams continue to show agility in addressing COVID-19 and we have begun to integrate innovative new technologies to protect our workforce," said Burns.
The higher gold price and strong production numbers helped the company generate significant free cash flow. Eldorado reported free cash flow of $63.4 million for the second quarter, up significantly from $4.8 million during the same quarter last year.
By Neils Christensen
For Kitco News
Everywhere True Gold Price Is $87,500 Per Ounce -
Its a long bull hike back UP MOVE ON ^ ^ ^ ^
kpisme thanks, Good things come to those who CAN WAIT. Well said.
Eldorado has more AU gold mines & mother lode hard rock assets
currently than in 2012 and history often repeat itself -
I am not selling anything bellow $100/sh 
)
Eldorado Gold powers through Q2
Michael McCrae Michael McCrae
Saturday July 11, 2020 13:35
Kitco NewsShare this article:
Despite COVID-19 disruption in Q2 at many mines worldwide, Eldorado Gold (TSE:ELD) reported production gains this week during the quarter.
Preliminary production was 137,782 ounces of gold, a 50% increase over Q2 2019.
Gold output even beat the last quarter, which hit 115,950 ounces.
Gold production at Kisladag increased by 130% over Q2 2019, and 19% over Q1 2020. Increased production in Q2 2020 was due to higher grade and tonnes of stacked ore and increased solution grades due to drier weather in June. Gold bearing solution levels remain high and are expected to decrease over the summer months, which will allow for processing of the gold currently in solution
Production at Olympias increased by 159% over Q2 2019 and 18% over Q1 2020. This reflects the work completed at Olympias over the past year to increase underground development and backfilling, which has resulted in increased tonnes processed.
Production at Efemcukuru for Q2 2020 was slightly higher than Q1 2020 due to higher grades processed during the quarter.
Operations at Lamaque resumed on April 15, 2020 following a three-week mandated shutdown by the government of Quebec to address the COVID-19 pandemic. Production was higher in Q2 2020 compared to Q1 2020 due to higher grades and an increase in tonnes mined per day enabled by the recently received Certificate of Authorization from the Quebec Ministry of Environment.
By Michael McCrae
For Kitco News
Its a long bull hike back UP MOVE ON ^ ^ ^ ^
kpisme thanks, Good things come to those who CAN WAIT. Well said.
Eldorado has more AU gold mines & mother lode hard rock assets
currently than in 2012 and history often repeat itself -
I am not selling anything bellow $100/sh )
Gold & Silver bulls starting to break out > ^ > ^ > ^
Eldorado Gold powers through Q2
Michael McCrae Michael McCrae
Saturday July 11, 2020 13:35
Kitco NewsShare this article:
Despite COVID-19 disruption in Q2 at many mines worldwide, Eldorado Gold (TSE:ELD) reported production gains this week during the quarter.
Preliminary production was 137,782 ounces of gold, a 50% increase over Q2 2019.
Gold output even beat the last quarter, which hit 115,950 ounces.
Gold production at Kisladag increased by 130% over Q2 2019, and 19% over Q1 2020. Increased production in Q2 2020 was due to higher grade and tonnes of stacked ore and increased solution grades due to drier weather in June. Gold bearing solution levels remain high and are expected to decrease over the summer months, which will allow for processing of the gold currently in solution
Production at Olympias increased by 159% over Q2 2019 and 18% over Q1 2020. This reflects the work completed at Olympias over the past year to increase underground development and backfilling, which has resulted in increased tonnes processed.
Production at Efemcukuru for Q2 2020 was slightly higher than Q1 2020 due to higher grades processed during the quarter.
Operations at Lamaque resumed on April 15, 2020 following a three-week mandated shutdown by the government of Quebec to address the COVID-19 pandemic. Production was higher in Q2 2020 compared to Q1 2020 due to higher grades and an increase in tonnes mined per day enabled by the recently received Certificate of Authorization from the Quebec Ministry of Environment.
By Michael McCrae
For Kitco News
Its a long bull hike back UP MOVE ON ^ ^ ^ ^
Wow....very nice
Correction (NYSE - EGO)
Whilst yes they have already doubled it appears OBVIOUS -
That if her $10 buck level can get broken out, she ought to just keep on heading higher
Worth keeping an eye on - Don't let me forget
Did they recently report good earnings (Feb 20th) with this as the backdrop ?
How many oz/yr at what overall AISC ?
Might be a takeover target if sound enuf
Eldorado claims discovery at Lamaque -
Eldorado Gold (TSX: ELD) has found a new high-grade gold mineralisation
zone at its Lamaque operations near Val d’Or as it highlighted a
commitment to building value from its growing asset base in Quebec.
Eldorado claims discovery at Lamaque
The location of Eldorado’s Ormaque discovery at Lamaque in Quebec
Exploration / Development > Discovery16 January 2020 CommentsShare
Staff Reporter
The company said it had received assays including
27.3m at 10.2g/t gold and
16.25m at 25.53g/t from seven of the 13 holes drilled
at the Ormaque zone, a previously undrilled area
midway between the historically mined Sigma and
actively mined Triangle deposits.
Eldorado said it had delayed a preliminary economic assessment
update for Lamaque to incorporate the Ormaque zone,
which is close to a proposed 2.8km transportation decline
to link Triangle and the Sigma mill.
President and CEO George Burns said the discovery confirmed "the tremendous potential we see at Lamaque" and pointed out the company had increased its exposure to early-stage exploration in the eastern Abitibi.
Eldorado last month made a C$4 million investment to take
a 19.99% stake in QMX Gold, which has land north and east
of Lamaque, and executed an option agreement to earn up to
an initial 75% of Sparton Resources' Bruell project
35km east of Lamaque.
Eldorado also has operations in Brazil, Turkey, Greece and
Romania and said this week's its 2019 preliminary production
of 395,331 ounces of gold met its annual consolidated
production guidance.
It plans to release its full-year results on February 20.
The company also announced this week former Goldcorp executive
Joe Dick had been appointed EVP and COO to replace Paul Skayman,
who was retiring after almost 15 years with Eldorado.
The company's shares have soared over the past year,
from C$3.36 last January to $13.35 in September, as
the prospect of long-awaited permits for projects
in Greece eventuated with a change in government.
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Thanks Bob - Good eye (re QMX)
How DEEP are those grades there I wonder though.....
I know.....My job to check that out
Nope - Those volume bars aren't Eldorado's....because....Eldorado was a private placement
But.......I'm too busy drawing charts !......Just wondering whether you knew (their depth)
US Dollar - DXY 97
1 week ago
The Big Picture
Gold was at $1800 in 2012 & The Canadian Dollar was at Par
Any kind of move towards 97 from here ?.....Could perhaps start sending gold towards 18 again !
And gold stocks (further) thru the roof.
QMX hits high grades at River
Canadian Mining Journal Staff |
January 30, 2020 | 12:26 pm Exploration Canada Gold
Drill core. Image by QMX Gold.
QMX Gold has announced results of the first three holes completed
on the River target on the western side of the company’s
project in Val d’Or, Quebec.
Drill highlights include:
2 metres of 39.83 g/t gold;
4 metres of 17.71 g/t gold; and
2.9 metres of 7.76 g/t gold.
“We are delighted that we immediately achieved high-grade gold
intersections in the first three drill holes on our new River target,”
Andreas Rompel, the company’s vice president of exploration said in a
release.
“This gives us great optimism and encouragement to continue with our
structural target delineation in general and for the River target in
particular, where we anticipate establishing additional resources.”
Assays for four additional holes completed are pending.
QMX plans to complete additional drilling at River once modelling is
completed using the first batch of drill holes.
The River target is located approximately 1 km to the west of
the historic Lac Herbin-Dumont-Ferderber gold system and
was discovered in 2011.
In December, Eldorado Gold invested C$4 million in QMX,
giving it a 19.99% stake in the company;
QMX also holds a permitted mill and tailings facility at
its Quebec project.
A maiden resource for the Bonnefond deposit in the eastern portion of
the property was released in July: indicated resources currently
stand at 4.8 million tonnes grading 1.69 g/t gold for a
total of 258,700 oz. with additional inferred resources
of 2.4 million tonnes at 1.87 g/t gold for 145,100 oz.
Additional targets have been identified for follow-up within
the 200-sq.-km project.
QMX started drilling at the site in 2017.
(This article first appeared in the Canadian Mining Journal)
380 0
Share
https://www.mining.com/qmx-hits-high-grades-at-river/
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Eldorado takes 20% stake in QMX Gold
Canadian Mining Journal Staff | December 19, 2019 | 10:33 am Canada Gold
Eldorado begins commercial production at its first Canadian mine
Mill at Lamaque underground gold mine in Quebec.
QMX Gold announced a C$4 million share purchase agreement with Eldorado Gold which will give the producer a 19.99% stake in the company.
“QMX continues to return excellent results from its various projects across its extensive Val d’Or property, demonstrating significant upside potential. Eldorado’s investment will allow us to continue to progress our projects, creating shareholder value and validates QMX’s work completed to date,” Brad Humphrey, the company’s president and CEO said in the release.
The 68-million share non-brokered private placement will be done at C$0.06 per share, a 9% and 11% premium to the close and 20-day weighted average price of QMX shares respectively for proceeds of C$4 million.
Eldorado holds the Lamaque project in Quebec which started commercial production in April and is expected to produce 100,000 oz. to 110,000 oz. this year. It acquired the project in May 2017 for C$590 million from Integra Gold.
QMX holds 200 sq. km of holdings in Val d’Or with an indicated resource of 4.8 million tonnes at 1.69 g/t gold for a total of 258,700 oz. with an additional 2.4 million tonnes at 1.87 g/t gold inferred for a total of 145,100 oz. at the Bonnefond deposit. The company also holds the Aurbel mill in its portfolio.
(This article first appeared in the Canadian Mining Journal)
Eldorado finds new Canadian mine may be richer than thought
Cecilia Jamasmie | September 5, 2019 | 6:15 am Exploration Canada Gold
The Lamaque mine and Bourlamaque mining village at Val-d’Or, Quebec. (Image courtesy of Société des musées du Québec.)
Canadian bullion producer Eldorado Gold (TSX:ELD)(NYSE:EGO) said on Thursday that exploration carried out at its Lamaque mine in Quebec so far this year revealed high grade mineralization beyond the 2018 resource model in the lower portion of the deposit, as well as more ore clusters.
The Vancouver-based company, which kicked off commercial production at Lamaque at the end of March, said that surface exploration drilling at the property has focused on better defining the resource potential in the less-explored lower portion of the newly discovered Triangle gold deposit.
EXPLORATION CARRIED OUT AT QUEBEC’S LAMAQUE PROJECT HAS REVEALED HIGH GRADE MINERALIZATION BEYOND THE 2018 RESOURCE MODEL AS WELL AS MORE ORE CLUSTERS
That resource, located in the Val d’Or mining camp, at the eastern end of the prolific Southern Abitibi Greenstone Belt, now shows continuity of mineralization to similar depths as the nearby historic Sigma mine, Eldorado’s CEO George Burns said.
He noted the exploration results unveiled today would likely allow the company to expand mineral resources next year.
“At the same time our underground drilling continues to focus on conversion of existing resources to reserves in the C5 and lower C4 mineralized zones,” Burns said in the exploration update.
Lamaque, which Eldorado grabbed after acquiring Integra Gold in 2017, has an initial mine life of seven years and is expected to produce between 100,000-110,000 ounces of gold this year.
The underground mine — the company’s first operation in Canada — is set to ramp up output to between 125,000 and 135,000 ounces of gold in 2020 and 2021.
Eldorado, which also has mining, development and exploration operations in Greece, Romania, Serbia and Brazil, said earlier this week that efforts to secure key permits for its Skouries gold-copper project in Greece look like they are about to pay off.
https://www.mining.com/eldorado-finds-first-canadian-mine-may-be-richer-than-thought/
God Bless
Eldorado Gold Announces Filing of Preliminary Base Shelf Prospectus
VANCOUVER, British Columbia, Aug. 06, 2019 (GLOBE NEWSWIRE) --
Eldorado Gold Corporation (“Eldorado” or the “Company”) announces that
it has filed a preliminary short form base shelf prospectus with the
securities regulatory authorities in each of the provinces of Canada.
The Company has also filed a corresponding shelf registration statement
on Form F-10 with the United States Securities and Exchange Commission
(the “SEC”) under the U.S. Securities Act of 1933, as amended, and the
Multijurisdictional Disclosure System established between Canada and
the United States.
The prospectus will allow Eldorado to offer up to US$750 million of
common shares, debt securities, convertible securities, warrants,
rights, subscription receipts, units or any combination thereof, from
time to time over the 25-month period after Canadian securities
regulatory authorities have issued a receipt for the final prospectus.
The shelf registration statement filed today with the SEC has not yet become effective. Until the registration statement becomes effective, no securities may be sold nor may offers to buy be accepted. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.
A copy of the prospectus can be found on SEDAR at www.sedar.com, and a copy of the shelf registration statement can be found on EDGAR at www.sec.gov, each under the Company’s profile.
About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and
exploration operations in Turkey, Canada, Greece, Romania, Serbia, and
Brazil.
The Company has a highly skilled and dedicated workforce, safe and
responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities.
Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD)
and the New York Stock Exchange (NYSE: EGO).
Contacts
Investor Relations
Peter Lekich, Manager Investor Relations
604.687.4018 or 1.888.353.8166
peter.lekich@eldoradogold.com
Media
Louise Burgess, Director Communications & Government Relations
604.687.4018 or 1.888.353.8166
louise.burgess@eldoradogold.com
https://www.eldoradogold.com/investors/presentations-and-events/default.aspx
http://www.eldoradogold.com
Cautionary Note about Forward-looking Statements and Information
Certain of the statements made and information provided in this press release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", “continue”, “projected”, "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the filing of the Prospectus and shelf registration statement and drawing on capital. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.
We have made certain assumptions about the forward-looking statements and information, including assumptions about the geopolitical, economic, permitting and legal climate that we operate in; the future price of gold and other commodities; the global concentrate market; exchange rates; anticipated costs and expenses; production, mineral reserves and resources and metallurgical recoveries, the impact of acquisitions, dispositions, suspensions or delays on our business and the ability to achieve our goals. In particular, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, additional funding requirements; currency fluctuations; dilution; share price volatility; as well as those risk factors discussed in the sections titled “Forward-Looking Statements” and "Risk factors in our business" in the Company's Prospectus, most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form filed on SEDAR under our Company name, which discussion is incorporated by reference in this release, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.
Forward-looking statements and information is designed to help you understand management’s current views of our near and longer term prospects, and it may not be appropriate for other purposes.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change.
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
alfaspider thank you, with low interest rates it may become an easy profit of GOLD mines target of expansion -
the right place at the right time )
Eldorado Gold Announces Filing of Preliminary Base Shelf Prospectus
VANCOUVER, British Columbia, Aug. 06, 2019 (GLOBE NEWSWIRE) --
Eldorado Gold Corporation (“Eldorado” or the “Company”) announces that it has filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada. The Company has also filed a corresponding shelf registration statement on Form F-10 with the United States Securities and Exchange Commission (the “SEC”) under the U.S. Securities Act of 1933, as amended, and the Multijurisdictional Disclosure System established between Canada and the United States.
The prospectus will allow Eldorado to offer up to US$750 million of
common shares, debt securities, convertible securities, warrants,
rights, subscription receipts, units or any combination thereof, from
time to time over the 25-month period after Canadian securities
regulatory authorities have issued a receipt for the final prospectus.
The shelf registration statement filed today with the SEC has not yet become effective. Until the registration statement becomes effective, no securities may be sold nor may offers to buy be accepted. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.
A copy of the prospectus can be found on SEDAR at www.sedar.com, and a copy of the shelf registration statement can be found on EDGAR at www.sec.gov, each under the Company’s profile.
About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, Serbia, and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Contacts
Investor Relations
Peter Lekich, Manager Investor Relations
604.687.4018 or 1.888.353.8166 peter.lekich@eldoradogold.com
Media
Louise Burgess, Director Communications & Government Relations
604.687.4018 or 1.888.353.8166 louise.burgess@eldoradogold.com
Cautionary Note about Forward-looking Statements and Information
Certain of the statements made and information provided in this press release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", “continue”, “projected”, "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the filing of the Prospectus and shelf registration statement and drawing on capital. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.
We have made certain assumptions about the forward-looking statements and information, including assumptions about the geopolitical, economic, permitting and legal climate that we operate in; the future price of gold and other commodities; the global concentrate market; exchange rates; anticipated costs and expenses; production, mineral reserves and resources and metallurgical recoveries, the impact of acquisitions, dispositions, suspensions or delays on our business and the ability to achieve our goals. In particular, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, additional funding requirements; currency fluctuations; dilution; share price volatility; as well as those risk factors discussed in the sections titled “Forward-Looking Statements” and "Risk factors in our business" in the Company's Prospectus, most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form filed on SEDAR under our Company name, which discussion is incorporated by reference in this release, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.
Forward-looking statements and information is designed to help you understand management’s current views of our near and longer term prospects, and it may not be appropriate for other purposes.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change.
Primary Logo
Eldorado Gold Corp (EGO) Presentations & Events - Upcoming
Rate Cut Expectations Boost Gold Mining Stocks' Outlook
As of late, it has definitely been a great time to be an investor in
Eldorado Gold Corporation EGO.
The stock has moved higher by 50% in the past month, while it is also
above its 20 Day SMA too.
This combination of strong price performance and favorable technical,
could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you
consider EGO’s recent earnings estimate revision activity.
From this look, the company’s future is quite favorable;
as EGO has earned itself a Zacks Rank (Buy),
meaning that its recent run may continue for a bit longer, and that
this isn’t the top for the in-focus company.
Eldorado Gold Corporation (EGO)
https://www.eldoradogold.com/home/default.aspx
http://services.choruscall.ca/links/eldoradogold20190802.html
Eldorado Gold Corp (EGO) Presentations & Events -
Upcoming Events -
https://www.eldoradogold.com/investors/presentations-and-events/event-details/2019/2019-Q2-Results-Conference-Call/default.aspx
August 2, 2019
11:30 AM ET (8:30 AM PT)
2019 Q2 Results Conference Call
Live
Dial in: 1-604-638-5340
Toll Free: 1-800-319-4610
Replay
Dial in: 1-604-638-9010
Toll Free: 1-800-319-6413
Passcode: 3288
Replay will be available until September 6, 2019
If you are interested in joining the conference call, the details are:
When: Friday August 2, 2019 at 8:30 AM PT (11:30 AM ET)
Dial: 1-800-319-4610 and ask for the Eldorado Gold Conference Call
Webcast: http://services.choruscall.ca/links/eldoradogold20190802.html
View the live Webcast
Add to Calendar
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Greece seeks to kickstart stalled Eldorado gold mine investment
Reuters | July 23, 2019 | 1:02 pm Europe Gold
Eldorado to soon obtain permit for processing plant in Greece, minister hints -
Construction of processing plant at Skouries. (Image courtesy of Eldorado Gold)
Greece’s recently-elected government wants a stalled gold mine investment by Canada’s Eldorado to be revived, its energy minister said on Tuesday after meeting company executives.
Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled with permit delays at one location, Skouries, for years.
GREECE ACCOUNTS FOR 42% OF ELDORADO’S OPERATING NET ASSET VALUE
Its planned investment in Greece has been viewed as one of the biggest in the country in years.
Eldorado halted construction in November 2017 at Skouries, which has reserves of 3.7 million ounces of gold and 1.7 billion pounds of copper, citing mainly environmental permit delays.
“We want this investment to come to life. We want to tie up loose ends,” Energy Minister Kostis Hatzidakis told Skai TV. “It is a New Democracy commitment,” he said, referring to the ruling party.
Hatzidakis was speaking after he and his deputy met with Eldorado’s president and CEO George Burns and other executives.
Prime Minister Kyriakos Mitsotakis’s conservative government took over this month from leftist former prime minister Alexis Tsipras, on pledges to attract more investment into the economy.
The energy ministry said the government “underlined its will to support the investment with respect, of course, to all environmental terms.”
Greece accounts for 42% of Eldorado’s operating net asset value.
In September, the company said it would seek 750 million euros ($836 million) from the government in damages it attributed to the delays.
($1 = 0.8970 euros)
(By Angeliki Koutantou and Karolina Tagaris; Editing by David Evans)
https://www.mining.com/web/greece-seeks-to-kickstart-stalled-eldorado-gold-mine-investment/
God Bless
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