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Eldorado Gold Corp. - EGO STOCK NEWS

Welcome to our dedicated news page for Eldorado Gold (Ticker: EGO), a resource for investors and traders seeking the latest updates and insights on Eldorado Gold.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Eldorado Gold's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Eldorado Gold's position in the market.

Rhea-AI Summary
Eldorado Gold reports its financial and operational results for the first quarter of 2024, with highlights including increased gold production and sales, higher revenue, and improved net earnings. The company maintains its production guidance for 2024 and continues to invest in growth capital. Despite some cost increases, Eldorado Gold remains optimistic about its performance for the year.
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Eldorado Gold provides updates on tax impacts in Turkiye due to the weakening Turkish Lira in Q1 2024. The company expects a decrease of $9 to $12 million in Turkish current income tax expense on mining profits, primarily due to investment tax credits and effects of inflation accounting.
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Eldorado Gold files technical reports for Olympias and Efemcukuru properties, maintaining consistency in mineral resources and reserves.
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Eldorado Gold Corporation provides detailed 2024 production and cost guidance, with a focus on gold production increase, cost stability, and exploration plans. The company aims for long-term efficient, safe, and growing production across its operations.
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Eldorado Gold Corporation reports strong financial and operational results for Q4 2023 and full-year 2023, with increased gold production and sales, improved production costs, and higher revenue. The company's net earnings from continuing operations and adjusted EBITDA show significant growth. Eldorado's Skouries project progresses as planned, with capital cost estimates and production schedules updated.
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Eldorado Gold Corporation announces strong fourth quarter 2023 preliminary gold production of 143,166 ounces, in line with the Company’s expectations. Full year preliminary gold production reached 485,140 ounces, at the midpoint of the tightened guidance range. The Lamaque Complex in Canada and Kisladag in Turkiye delivered record gold production. Efemcukuru in Turkiye achieved record throughput rates in the fourth quarter. Fourth quarter gold production at Olympias in Greece was slightly lower compared to the third quarter, but the mine delivered record annual production due to operating initiatives. Eldorado will release its 2023 Year-End and Fourth Quarter Financial and Operational Results after the market closes on Thursday, February 22, 2024, and will host a conference call on Friday, February 23, 2024, at 11:30 AM ET.
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Eldorado Gold Corporation (EGO) appoints Paul Ferneyhough as Executive Vice President and Chief Financial Officer, succeeding Philip Yee. Ferneyhough brings 30 years of resource industry experience, including a background as Executive Director at Repsol SA. He will oversee strategic growth strategy and assume responsibility for Human Resources.
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Eldorado Gold Corporation (EGO) is pleased to report on exploration results from the Ormaque deposit, part of the Lamaque Complex in Quebec, Canada. The company has seen Ormaque resources growing, adding ounces to both Indicated and Inferred Resources. The 2023 exploration program has provided encouraging results, increasing confidence and demonstrating expansion opportunities beyond the current Mineral Resource. Plans are being advanced to declare initial Reserves for Ormaque in late 2024 with completion of a pre-feasibility study, and exploration drilling will continue to test resource expansion opportunities. The company is also exploring other near mine opportunities in the Val-d’Or district, capitalizing on its strategic footprint in the prolific Abitibi region.
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Eldorado Gold Corporation (EGO) releases its updated Mineral Reserve and Mineral Resource estimates as of September 30, 2023. The Proven and Probable Gold Mineral Reserves totalled 11.7 million ounces, a decrease of approximately 5% from the previous year. The Measured and Indicated Gold Mineral Resources totalled 19.0 million ounces, a 1% decrease from the previous year. Eldorado's Inferred Gold Mineral Resources totalled 7.6 million ounces, a 2% decrease from the previous year.
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Eldorado Gold Corporation reports financial and operational results for Q3 2023, with gold production increasing by 2% compared to Q3 2022. Cash operating costs per ounce sold decreased from Q3 2022. The company updates its 2023 production and cost guidance. Revenue increased by 13% compared to Q3 2022. Net loss decreased due to higher operating income. Skouries growth capital investment guidance is reduced. The project remains on track.
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Eldorado Gold Corp.

NYSE:EGO

EGO Rankings

EGO Stock Data

3.11B
172.62M
0.68%
77.43%
2.75%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Vancouver

About EGO

headquartered in vancouver, canada, eldorado gold is a publicly traded gold company listed on the toronto (tsx: eld) and new york (nyse: ego) stock exchanges. the company has a market capitalization of approximately us$2.4 billion and revenues of approximately us$1 billion per year. eldorado’s operations are global and the company has mining, development and exploration assets in romania, greece, turkey, china and brazil. in 2014, eldorado produced just under 800,000 ounces of gold and had proven and probable gold reserves of approximately 26 million ounces. eldorado is the largest foreign gold producer in china and operates the largest gold mine in turkey: kisladag. eldorado is also one of the largest foreign investors in greece. the company’s 18 offices and operations employ over 7,200 people worldwide. eldorado operates as a decentralized business unit with the majority of employees and management being nationals of the country where offices are located. eldorado’s success to