Welcome to our dedicated page for Eldorado Gold news (Ticker: EGO), a resource for investors and traders seeking the latest updates and insights on Eldorado Gold stock.
Eldorado Gold Corporation (NYSE: EGO, TSX: ELD) is a gold and base metals producer with mining, development and exploration operations in Türkiye, Canada and Greece. The EGO news page on Stock Titan aggregates company announcements and disclosures so readers can follow how Eldorado’s operations, projects and corporate actions evolve over time.
News from Eldorado Gold frequently covers operational and financial results, including quarterly production and sales figures, cost metrics, capital spending and updates on guidance. These releases often highlight performance at key operations such as the Lamaque Complex, Kisladag, Efemcukuru and Olympias, as well as commentary from management on portfolio performance and capital allocation.
Another major news theme is project development, particularly at the Skouries copper-gold project in Greece. Eldorado regularly reports on construction progress, capital estimates, schedules, commissioning milestones and workforce developments at Skouries, along with technical details on infrastructure such as the filtered tailings plant, primary crusher, process plant and underground development.
Investors can also expect updates on mineral reserves and resources, where Eldorado publishes changes to its Mineral Reserve and Mineral Resource (MRMR) estimates across operations and projects. These releases describe how drilling, resource conversion and mine planning affect reserve and resource totals and mine life at assets including the Lamaque Complex, Kisladag, Olympias, Perama Hill and Skouries.
Additional news items include capital markets and corporate developments, such as the renewal and use of the company’s normal course issuer bid, share repurchases, recognition in rankings like the TSX30, board and executive appointments, and investments in other companies. For investors tracking EGO, regularly reviewing this news feed provides insight into Eldorado’s operating performance, growth projects and governance decisions.
Eldorado Gold Corporation reported its Q2 2021 financial results, showing gold production of 116,066 ounces, down 16% from Q2 2020. Despite a 4% increase from Q1 2021, the company maintained its annual production guidance of 430,000-460,000 ounces. The all-in sustaining cost rose to $1,074 per ounce, and a net loss of $55.7 million was reported, compared to a profit of $49.1 million in the same quarter a year prior. Adjusted net earnings were $29.3 million. Free cash flow was negative by $36.6 million, attributed to higher capital spending.
Eldorado Gold Corporation announced the acquisition of 15,041,746 common shares of Probe Metals Inc. at $1.575 per share, totaling approximately $23.69 million. This purchase gives Eldorado a 11.5% ownership stake in Probe, acquired through a private transaction. The company intends to hold these securities for investment purposes and may adjust its ownership based on market conditions. The acquisition aligns with Eldorado's strategic growth objectives in the mining sector, particularly in gold and base metals.
Eldorado Gold Corporation announced second quarter 2021 preliminary gold production of 116,066 ounces, aligning with its annual guidance of 430,000 to 460,000 ounces. Key performance highlights include:
- Kısladag produced 44,016 ounces this quarter.
- Lamaque achieved 35,643 ounces.
- Efemcukuru yielded 23,473 ounces.
- Olympias resulted in 12,934 ounces.
Despite operational challenges at Olympias, the company is confident in its ongoing transformation efforts.
Summary not available.
Eldorado Gold Corporation announced the successful election of all director nominees during its Annual Meeting of Shareholders held on June 10, 2021. Notable voting results include George Albino with 98.21% votes in favor and George Burns with 99.30%. Additionally, shareholders approved the appointment of auditors, setting auditor pay, and a non-binding advisory vote on executive compensation. The meeting also saw the appointment of Paul Ferneyhough as Senior Vice President and Lisa Wilkinson as Vice President of Investor Relations, strengthening the management team.
Eldorado Gold Corporation reported its Q1 2021 results, achieving gold production of 111,742 ounces, down 4% year-over-year. Despite this, the company maintains its annual guidance of 430,000-460,000 ounces at an all-in sustaining cost of $920-$1,150 per ounce. Notable developments include the ratification of an amended investment agreement with Greece and approval for using dry stack tailings at Skouries. Q1 2021 net earnings reached $8.3 million or $0.05 per share, compared to a net loss in Q1 2020.
Eldorado Gold Corporation announced that the Greek Ministry of Energy approved modifications to the Kassandra Mines Environmental Impact Assessment, allowing dry stack tailings disposal at the Skouries project. This method offers significant benefits, including a 50% reduced environmental footprint, enhanced safety against extreme weather, water recycling, and expedited reclamation post-mining. George Burns, President and CEO, emphasized that this is a key step toward restarting construction at Skouries. The project is designed to operate for approximately 23 years, enhancing value for investors and local communities.
Eldorado Gold Corporation reported its preliminary gold production for Q1 2021, totaling 111,742 ounces, aligning with its annual guidance of 430,000 to 460,000 ounces. The production breakdown includes 46,172 ounces from Kisladag, 28,835 ounces from Lamaque, 23,298 ounces from Efemcukuru, and 13,437 ounces from Olympias. The company is on track with its operational plans, including key developments at Lamaque and Kisladag. Eldorado announced the completion of the acquisition of QMX, boosting its land position by 550% around Lamaque.
Eldorado Gold Corporation (NYSE: EGO) has successfully completed the acquisition of QMX Gold Corporation (TSX-V: QMX), making QMX a wholly-owned subsidiary. This acquisition increases Eldorado's holdings in the Abitibi Greenstone Belt and supports its strategy of investing in prime mining locations. Shareholders of QMX will receive C$0.075 in cash and 0.01523 of Eldorado's shares per QMX share, totaling C$0.30 based on prior share prices. Eldorado plans to delist QMX shares from the TSX Venture Exchange, effective immediately.
Eldorado Gold Corporation announced the Greek Parliament's approval of an amended Investment Agreement signed on February 5, 2021, enhancing legal and financial frameworks for the Skouries, Olympias, and Stratoni/Mavres Petres mines in Greece. The Agreement allows for the construction completion at Skouries, expansion at Olympias to 650,000 tonnes per annum, and upgraded port facilities at Stratoni. It aims to secure investor protection and generate fiscal benefits for Greece, signaling a commitment to foreign investment. The amendments will take effect after publication in the Greek Government Gazette.
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