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 has successfully priced an offering of US$500 million in senior notes with a 6.250% interest rate, maturing in 2029. The funds will be used to redeem US$234 million of higher-interest notes due in June 2024, repay existing loans, and cover related expenses. The offering is set for settlement around August 26, 2021, and is geared towards qualified institutional buyers as per regulatory exemptions. Eldorado operates mines across multiple countries, including Turkey and Canada, and its shares trade on the TSX and NYSE under the symbol EGO.
Eldorado Gold Corporation announced plans to offer up to $500 million in senior notes due in 2029. The funds will be used to redeem existing $234 million senior secured notes due June 2024, repay term and revolving credit facilities, and cover associated fees. The offering is subject to market conditions and will be conducted under Rule 144A and Regulation S of the Securities Act.
Eldorado Gold operates in Turkey, Canada, Greece, Romania, and Brazil and trades on the TSX and NYSE under the symbol EGO.
Eldorado Gold Corporation has entered a definitive agreement to divest its Tocantinzinho Project in Brazil to G Mining Ventures Corp., with a total expected value of up to US$110 million. Eldorado will initially receive a minimum of US$50 million, including US$20 million in cash and a 19.9% equity stake in GMIN upon closing. An additional US$60 million is contingent on the project achieving commercial production. The transaction is expected to close in Q4 2021, subject to regulatory approvals. Eldorado retains rights related to its equity stake in GMIN.
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.
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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.