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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.

Rhea-AI Summary
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 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.

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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 $15.2 as of November 15, 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.

Eldorado Gold Corporation

NYSE:EGO

EGO Rankings

EGO Stock Data

3.13B
204.91M
0.57%
88.65%
2.55%
Gold
Basic Materials
Link
United States of America
Vancouver