Eldorado Gold Corp. is pleased to announce that, further to the Company’s press release of earlier today entitled “Eldorado Gold Announces New Senior Secured Credit Facility”, the Company and its syndicate of lenders have now fully executed a US$450 million amended and restated senior secured credit agreement in respect of a US$450 million Senior Secured Credit Facility . The Facility will replace the [...]
Eldorado Gold Corp. is pleased to announce that the Company intends to offer up to US$300 million aggregate principal amount of senior secured second lien notes due 2024 , subject to market and other conditions. The interest rate and other terms of the Notes will be determined based on prevailing market conditions. Eldorado intends to use the net proceeds of the Notes, together with term loan proceeds incurred under a new [...]
Eldorado Gold Corp. is pleased to announce that the Company has received commitments from a syndicate of lenders for a US$450 million Senior Secured Credit Facility . The Facility consists of a US$200 million term loan and a US$250 million revolving credit facility . The Facility will replace the existing revolving credit facility established by HSBC Bank Canada and certain other lenders. The Facility is subject to [...]
Eldorado Gold Corp. is pleased to announce that all director nominees, as listed in the Management Proxy Circular dated March 18, 2019, were elected as directors of Eldorado at the Company’s Annual Meeting of Shareholders held on May 2, 2019 in Vancouver, British Columbia. Election of Directors Directors Votes For Votes Withheld Outcome George Albino 73,038,400 1,707,107 Elected 97.72 % 2.28 % George Burns [...]
Eldorado Gold Corp. today reports the Company’s financial and operational results for the first quarter of 2019. Q1 2019 production on plan and reiterating 2019 guidance: Gold production totaled 82,977 ounces in Q1 2019 including 19,678 ounces of pre-commercial production from Lamaque. Q1 2019 gold production was on plan and the Company is reiterating its full year production and cost guidance. Despite lower than [...]
Eldorado Gold Corp., is pleased to announce that as of April 1, 2019, mining, crushing and placing of ore on the Kisladag heap leach pad has resumed. This follows the Company’s announcement on January 30, 2019 that it would resume full operations at Kisladag. Further testwork is underway to determine the effects of a 250 day leach cycles on deeper material, the results of which are expected to be available in late [...]
Eldorado Gold Corp., is pleased to announce that it has achieved commercial production at its wholly owned Lamaque mine in Quebec as at March 31, 2019. Lamaque produces ore from the Triangle-deposit, which is then processed at the refurbished Sigma Mill. With an initial mine life of approximately seven years, Lamaque is forecast to produce 100,000-110,000 ounces of gold in 2019. Production is expected to increase to [...]
Eldorado Gold Corp., today reports that the Company will refile on SEDAR at www.sedar.com under the Company’s profile its Audited Consolidated Financial Statements for the years ending December 31, 2018 and 2017 corresponding Management’s Discussion and Analysis to correct certain typographical errors outlined at the end of this release. In addition, the Company is reissuing its updated press release entitled [...]
Eldorado Gold Corp., today reports the Company’s financial and operational results for the fourth quarter and year ended December 31, 2018. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis filed on SEDAR at www.sedar.com under the Company’s profile. Year End Financial and Operating Results Overview 2018 Production was ahead [...]
Eldorado Gold Corp. provides the following updates. 2018 Fourth Quarter and Year End Financials Announcement The 2018 Fourth Quarter and Year End Announcement and Financial Statements are expected to be released after the market closes on February 21, 2019. A conference call to discuss the details is expected to be held by senior management on February 22, 2019 at 8:30 AM PT . The call will be webcast and can be accessed [...]
Eldorado Gold Corp., announces that the Company will resume mining, crushing, stacking and heap leaching at its Kisladag gold mine in Turkey. Advancement of the previously announced mill project has been suspended. The Company is also providing three year consolidated production guidance, along with detailed cost guidance for 2019. Eldorado’s President and CEO, George Burns, stated: “The Company remains [...]
Eldorado Gold Corp., today announces the Company’s fourth quarter and full year 2018 production results and preliminary cash costs. The Company will provide its full year 2019 guidance in conjunction with its 2018 Year End Results. Highlights Solid full year gold production of 349,147 ounces of gold including pre-commercial production from Lamaque; exceeded original 2018 production guidance of 290,000–333,000 [...]