Eldorado Gold Corp. is pleased to provide an update on exploration results from the Ormaque deposit, part of the Lamaque Complex, in Quebec, Canada. "We are excited to see Ormaque resources continuing to grow, adding ounces to both Indicated and Inferred Resources, as reported in our September 30, 2023 Mineral Reserve and Mineral Resource statement, published on December 13, 2023," said George Burns, President and CEO of [...]
Eldorado Gold Corp. releases its updated Mineral Reserve and Mineral Resource estimates as of Sept 30, 2023. To provide further clarity, on a go-forward basis, the Company is referring to specific assets within the Eldorado Gold Quebec portfolio as the Lamaque Complex. The Lamaque Complex includes the Triangle Mine, the Ormaque Deposit, the Parallel Deposit, the Plug #4 Deposit, and the Sigma Mill. This is consistent with [...]
Eldorado Gold Corp. today reports the Company's financial and operational results for the third quarter of 2023. For further information, please see the Company's Consolidated Financial Statements and Management's Discussion and Analysis filed on SEDAR+ at www.sedarplus.com under the Company's profile. Third Quarter 2023 Highlights Operations Gold production: 121,030 ounces, compared to 118,791 ounces in Q3 2022, a 2 [...]
Eldorado Gold Corp. today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira. The Company's profits from mining operations in Turkiye are taxed at the enacted rate and the resulting current income tax expense can be further increased or reduced by other items. In the third quarter, the Company expects the Turkish current income tax expense on mining profits, at an [...]
Eldorado Gold Corp. announces third quarter 2023 preliminary gold production of 120,042 ounces and year-to-date preliminary gold production of 340,986 ounces. Eldorado remains on track to achieve consolidated full-year guidance of 475,000 - 515,000 ounces, with operations delivering as expected. Production, by asset, is outlined in the table below. Q3 2023 Preliminary Gold Production Production Mine Q3 2023 Q2 2023 Q1 [...]
Eldorado Gold Corp. today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira. Tax Impacts in Turkiye Related to the Weakening Turkish Lira The Company's profits from mining operations in Turkiye are taxed at an enacted rate of 20% and the resulting current income tax expense may be increased or reduced by other items. In the second quarter, the Company expects the [...]
Eldorado Gold Corp. announces that the Toronto Stock Exchange has accepted for filing Eldorado's Notice in respect of a normal course issuer bid . Purchases will be made on the open market through the facilities of TSX, NYSE, other designated exchanges and/or alternative Canadian trading systems. Pursuant to the NCIB, Eldorado may purchase up to 500,000 of its common shares representing approximately 0.246503% of the [...]
Eldorado Gold Corp. today announced the closing of the previously announced strategic investment of C$81.5 million by the European Bank for Reconstruction and Development . The investment was effected by way of a private placement whereby EBRD subscribed for 6,269,231 shares at a price of C$13.00 per share. . The Private Placement is subject to final acceptance of the Toronto Stock Exchange. About Eldorado Gold Eldorado [...]
Eldorado Gold Corp. is pleased to announce that all director nominees, as listed in the Management Proxy Circular dated April 24, 2023, were elected as directors of Eldorado at the Company's Annual Meeting of Shareholders held on June 8, 2023. Election of Directors Directors Votes For Votes Against Outcome George Burns 92,934,842 Shares 89.14% 11,327,810 Shares 10.86% Elected Carissa Browning 93,911,597 Shares 90.07 [...]
Eldorado Gold Corp. today announced the closing of the previously announced bought deal offering of 10,400,000 Common Shares at a price of C$13.00 per Common Share for gross proceeds of approximately C$135 million . The Offering was conducted by a syndicate of underwriters led by BMO Capital Markets and National Bank Financial, and including CIBC Capital Markets, Canaccord Genuity, Cormark Securities Inc. and RBC Capital [...]
Eldorado Gold Corp. is pleased to announce the publication of its 2022 Sustainability Report , which provides details of the Company's environmental, social and governance performance over the past year. The Report is available on Eldorado Gold's website . All financial figures stated within this release are in U.S. dollars unless otherwise stated. "At Eldorado, sustainability is core to who we are and is considered in [...]