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.
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Eldorado Gold Corporation will announce its 2023 First Quarter Financial and Operational Results on April 27, 2023, after market close. A conference call is scheduled for April 28, 2023, at 11:30 AM ET (8:30 AM PT) to discuss these results. Investors can access the call via the company’s website or by dial-in. Eldorado Gold, operating in Turkiye, Canada, and Greece, is engaged in mining, development, and exploration of gold and base metals, and is known for its skilled workforce and community partnerships.
Eldorado Gold Corporation and its subsidiary, Hellas Gold, have successfully closed a €680 million project financing facility for the Skouries Project in Northern Greece, covering 80% of the required funding. Hellas has already contributed €31.2 million towards early works at Skouries. The company's equity commitment is backed by a €190 million letter of credit. Additionally, Hellas has established a hedging program that covers gold and copper prices, including forward sales of 32,000 ounces of gold at $2,160 per ounce and 6,160 tonnes of copper at $8,525 per tonne. An interest rate swap has been arranged to cover 70% of variable interest rate exposure at a fixed rate of 3.11% over nine years.
Eldorado Gold Corporation announced promising results from step-out drilling at the Ormaque deposit in Quebec. Key findings include high-grade intercepts, such as 2.8 metres at 14.86 g/t gold and 1.75 metres at 39.37 g/t gold. The company plans to conduct approximately 190,000 metres of global exploration drilling in 2023, dedicating $35 million to $41 million towards resource expansion and conversion initiatives primarily in Quebec and Turkiye. Following the acquisition of Integra Resources in 2017, Eldorado Gold has added over 3.2 million inferred resource ounces at a cost below $18 per ounce, reinforcing their commitment to organic growth and expansion of their resource base.