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Eldorado Gold Corporation - EGO STOCK NEWS

Welcome to our dedicated page for Eldorado Gold Corporation news (Ticker: EGO), a resource for investors and traders seeking the latest updates and insights on Eldorado Gold Corporation stock.

Eldorado Gold Corporation (NYSE: EGO, TSX: ELD) is a Vancouver, Canada-based gold and base metals producer operating globally. Listed on both the Toronto and New York Stock Exchanges, Eldorado Gold boasts a market capitalization of approximately US$2.4 billion and generates annual revenues of around US$1 billion.

The company's extensive portfolio includes mining, development, and exploration projects in countries such as Romania, Greece, Turkey, China, and Brazil. Notably, Eldorado produced nearly 800,000 ounces of gold in 2014 and holds proven and probable gold reserves of about 26 million ounces. Among its significant operations, Kisladag stands out as the largest gold mine in Turkey, while Eldorado is the foremost foreign gold producer in China and a major foreign investor in Greece.

Eldorado Gold operates through 18 offices worldwide, employing over 7,200 people. The organization follows a decentralized business model, ensuring a significant proportion of its workforce and management teams are nationals of the countries in which it operates.

Recent achievements include updates to the company's gold mineral reserves and resources, particularly at the Lamaque project. Eldorado's continuous commitment to transparency and accuracy in reporting is evident through detailed financial and operational reports, including non-IFRS measures and ratios.

Among its current projects are Skouries and Perama Hill in Greece, and Certej in Romania. The company emphasizes strong community relationships, sustainable practices, and high environmental standards across all its operations.

For those interested in up-to-date information about Eldorado Gold’s performance and developments, the interactive VRIFY 3D model and the latest press releases provide comprehensive insights into their ongoing projects and financial standings.

News

Eldorado Gold Provides Update on First Quarter 2024 Tax Impacts in Turkiye; and Provides Conference Call Details

Rhea-AI Summary
Eldorado Gold provides updates on tax impacts in Turkiye due to the weakening Turkish Lira in Q1 2024. The company expects a decrease of $9 to $12 million in Turkish current income tax expense on mining profits, primarily due to investment tax credits and effects of inflation accounting.
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Eldorado Gold Files Technical Reports for Olympias and Efemcukuru

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Eldorado Gold files technical reports for Olympias and Efemcukuru properties, maintaining consistency in mineral resources and reserves.
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Eldorado Announces 2024 Detailed Production & Cost Guidance; Provides Four-Year Growth Profile

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Eldorado Gold Corporation provides detailed 2024 production and cost guidance, with a focus on gold production increase, cost stability, and exploration plans. The company aims for long-term efficient, safe, and growing production across its operations.
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Eldorado Gold Reports 2023 Year-End and Fourth Quarter Financial and Operational Results; Achieves Annual Guidance; Provides Skouries Update

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Eldorado Gold Corporation reports strong financial and operational results for Q4 2023 and full-year 2023, with increased gold production and sales, improved production costs, and higher revenue. The company's net earnings from continuing operations and adjusted EBITDA show significant growth. Eldorado's Skouries project progresses as planned, with capital cost estimates and production schedules updated.
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Eldorado Gold Produces 485,140 Ounces of Gold in 2023 With Strong Fourth Quarter Preliminary Gold Production of 143,166 Ounces; Achieves 2023 Production Guidance; Provides Conference Call Details

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Eldorado Gold Corporation announces strong fourth quarter 2023 preliminary gold production of 143,166 ounces, in line with the Company’s expectations. Full year preliminary gold production reached 485,140 ounces, at the midpoint of the tightened guidance range. The Lamaque Complex in Canada and Kisladag in Turkiye delivered record gold production. Efemcukuru in Turkiye achieved record throughput rates in the fourth quarter. Fourth quarter gold production at Olympias in Greece was slightly lower compared to the third quarter, but the mine delivered record annual production due to operating initiatives. Eldorado will release its 2023 Year-End and Fourth Quarter Financial and Operational Results after the market closes on Thursday, February 22, 2024, and will host a conference call on Friday, February 23, 2024, at 11:30 AM ET.
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Eldorado Gold Announces Appointment of Paul Ferneyhough as Executive Vice President and Chief Financial Officer

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Eldorado Gold Corporation (EGO) appoints Paul Ferneyhough as Executive Vice President and Chief Financial Officer, succeeding Philip Yee. Ferneyhough brings 30 years of resource industry experience, including a background as Executive Director at Repsol SA. He will oversee strategic growth strategy and assume responsibility for Human Resources.
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Eldorado Gold Provides Exploration Update Highlighting Increased Confidence on Ormaque; Announces Executive Management Appointments

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Eldorado Gold Corporation (EGO) is pleased to report on exploration results from the Ormaque deposit, part of the Lamaque Complex in Quebec, Canada. The company has seen Ormaque resources growing, adding ounces to both Indicated and Inferred Resources. The 2023 exploration program has provided encouraging results, increasing confidence and demonstrating expansion opportunities beyond the current Mineral Resource. Plans are being advanced to declare initial Reserves for Ormaque in late 2024 with completion of a pre-feasibility study, and exploration drilling will continue to test resource expansion opportunities. The company is also exploring other near mine opportunities in the Val-d’Or district, capitalizing on its strategic footprint in the prolific Abitibi region.
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Eldorado Gold Releases Updated Mineral Reserve and Mineral Resource Statement; 2023 Gold Mineral Reserves of 11.7 million ounces and Measured and Indicated Gold Mineral Resources of 19.0 Million Ounces

Rhea-AI Summary
Eldorado Gold Corporation (EGO) releases its updated Mineral Reserve and Mineral Resource estimates as of September 30, 2023. The Proven and Probable Gold Mineral Reserves totalled 11.7 million ounces, a decrease of approximately 5% from the previous year. The Measured and Indicated Gold Mineral Resources totalled 19.0 million ounces, a 1% decrease from the previous year. Eldorado's Inferred Gold Mineral Resources totalled 7.6 million ounces, a 2% decrease from the previous year.
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Eldorado Gold Reports Q3 2023 Financial and Operational Results

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Eldorado Gold Corporation reports financial and operational results for Q3 2023, with gold production increasing by 2% compared to Q3 2022. Cash operating costs per ounce sold decreased from Q3 2022. The company updates its 2023 production and cost guidance. Revenue increased by 13% compared to Q3 2022. Net loss decreased due to higher operating income. Skouries growth capital investment guidance is reduced. The project remains on track.
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Eldorado Gold Provides Update on Tax Impacts in Turkiye Related to the Weakening Lira

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Eldorado Gold provides updates on tax impacts in Turkiye
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FAQ

What is the current stock price of Eldorado Gold Corporation (EGO)?

The current stock price of Eldorado Gold Corporation (EGO) is $15.19 as of December 20, 2024.

What is the market cap of Eldorado Gold Corporation (EGO)?

The market cap of Eldorado Gold Corporation (EGO) is approximately 3.1B.

Where is Eldorado Gold Corporation headquartered?

Eldorado Gold Corporation is headquartered in Vancouver, Canada.

On which stock exchanges is Eldorado Gold listed?

Eldorado Gold is listed on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

What is Eldorado Gold's market capitalization?

Eldorado Gold's market capitalization is approximately US$2.4 billion.

How much gold did Eldorado produce in 2014?

In 2014, Eldorado Gold produced nearly 800,000 ounces of gold.

What are some of Eldorado Gold's key projects?

Some of Eldorado Gold's key projects include Kisladag in Turkey, Skouries and Perama Hill in Greece, and Certej in Romania.

How many employees does Eldorado Gold have?

Eldorado Gold employs over 7,200 people worldwide.

What is the significance of Kisladag for Eldorado Gold?

Kisladag is significant as it is the largest gold mine in Turkey and a major asset for Eldorado Gold.

How does Eldorado Gold operate its business units?

Eldorado Gold operates through a decentralized business model, with a majority of employees and management being nationals of the countries where they are located.

What are Eldorado Gold's gold reserves?

Eldorado Gold has proven and probable gold reserves of approximately 26 million ounces.

How does Eldorado Gold maintain transparency in its operations?

Eldorado Gold maintains transparency through detailed financial and operational reports, including non-IFRS measures and ratios, and interactive tools such as the VRIFY 3D model.

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Eldorado Gold Corporation

NYSE:EGO

EGO Rankings

#1621 Ranked by Market Cap
N/A Ranked by Dividends

EGO Stock Data

3.13B
203.63M
0.57%
83.69%
3.43%
Gold
Basic Materials
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United States of America
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