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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 provides updates on tax impacts in Turkiye
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Eldorado Gold Corporation announces Q3 2023 preliminary gold production of 120,042 ounces and YTD production of 340,986 ounces, remaining on track to achieve full-year guidance of 475,000 – 515,000 ounces. Production increased at Lamaque and Kisladag mines, while Olympias saw significant growth. Skouries project progress at 33%, on track for first gold production in mid-2025.
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Eldorado Gold Corporation reports financial and operational results for Q2 2023. Gold production decreased by 4% compared to Q2 2022 due to lower throughput at Lamaque and lower average gold grade and recoveries at Olympias. Gold sales increased by 2% primarily due to an increase in production at Kisladag. Production costs and cash operating costs per ounce sold increased slightly. The company is maintaining its 2023 annual gold production guidance and cost guidance. Revenue increased by 8% compared to Q2 2022. Net earnings improved significantly from a loss in Q2 2022 to a gain in Q2 2023. The company completed a strategic investment and a bought deal offering during the quarter. Skouries project is progressing as planned.
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Eldorado Gold Corporation announces a normal course issuer bid (NCIB) to purchase up to 500,000 of its common shares. Purchases will be made on the open market through various exchanges. The NCIB will commence on July 4, 2023, and end on July 3, 2024. Eldorado believes this is an effective use of funds and will help satisfy future obligations.
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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