Eldorado Gold Corporation reports on gold and base metals mining, development and exploration operations in Canada, Türkiye and Greece. Recurring updates cover operating and financial results, production and cost outlooks, capital allocation, mine development, exploration activity and governance changes across assets such as Lamaque, Skouries, Kisladag, Efemcukuru and Olympias.
The company’s news also includes project and permitting developments, including the Ormaque deposit at the Lamaque Complex, and completed portfolio actions such as the acquisition of Foran Mining, which added the McIlvenna Bay copper-zinc-gold-silver asset in Canada. Eldorado’s common shares trade on the Toronto Stock Exchange and the New York Stock Exchange under EGO in the United States.
Eldorado Gold Corporation announced a 35% increase in preliminary gold production for Q3 2020, totaling 136,672 ounces, compared to Q3 2019. Key production highlights include:
- Kisladag: 66% increase year-over-year
- Lamaque: Record production due to enhanced mining
- Efemcukuru: 8% decrease from previous year
- Olympias: 75% increase year-over-year
Production remained slightly below expectations due to high solution inventories. Improvements in processing capacity are planned for Q1 2021.
Eldorado Gold Corporation announced the resignation of Dr. Michael Price from its Board effective September 30, 2020, as part of its succession planning. Judith Mosely has joined the Board as of September 1, 2020. Furthermore, the Company has successfully redeemed $58.6 million of its senior secured notes, affirming its commitment to debt reduction. George Burns, President and CEO, expressed gratitude for Dr. Price's decade of service and welcomed Judith Mosely to the Board. Eldorado Gold operates in multiple countries and trades on the TSX and NYSE under the symbol EGO.