Eldorado Gold Announces Partial Drawdown of Credit Facility
Eldorado Gold Corporation, ("Eldorado" or "the Company") reports that it has drawn $150 million under its revolving credit facility as a proactive measure in light of the uncertainty surrounding the COVID-19 pandemic. The Company has no immediate need for the funds, however proceeds will be used for general corporate purposes, as required. The Company is also reviewing its 2020 sustaining and growth capital budget and will reduce expenditures if required.
Eldorado Gold Provides Update on Lamaque Operations and Expansion Permit Approval
Eldorado Gold Corporation, ("Eldorado" or "the Company") reports that, in accordance with the Quebec provincial government-mandated restrictions to address the COVID-19 situation in the province announced on March 23, 2020, it will temporarily minimize operations at its Lamaque mine until April 13, 2020. The Company also reports that it has today received a Certificate of Authorization from the Quebec Ministry of Environment to allow for the expansion of underground production from the Triangle deposit at Lamaque from 1,800 tonnes per day ("tpd") to 2,650 tpd, once operations resume.
Eldorado Gold Files Three Separate Technical Reports
Eldorado Gold Corporation ("Eldorado" or the "Company") today filed three separate technical reports for its Kisladag, Olympias and Efemcukuru projects (the "Technical Reports"). Further to the Company's news release dated February 20, 2020 (Eldorado Announces 15 Year Mine Life at Kisladag; Provides 2020 Guidance and Long-term Outlook) ("Guidance Release"), these Technical Reports have been prepared pursuant to Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), and may be found on the Company's website (www.eldoradogold.com) or under the Company's SEDAR profile (www.sedar.com).
Eldorado Gold Reports 2019 Year-End and Fourth Quarter Financial and Operational Results
Eldorado Gold Corporation, ("Eldorado" or "the Company") today reports the Company's financial and operational results for the fourth quarter and year ended December 31, 2019. 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.
Eldorado Announces 15 Year Mine Life at Kisladag; Provides 2020 Guidance and Long-term Outlook
Eldorado Gold Corporation, ("Eldorado" or the "Company") is pleased to announce a 15-year mine life at Kisladag based on the completed long-cycle heap leach testwork and the replacement of the tertiary crushing circuit with a high-pressure grinding roll ("HPGR") circuit. A National Instrument 43-101 compliant technical report detailing the updates to the Kisladag project will be filed on SEDAR prior to the end of Q1 2020.
Turquoise Hill appoints George Burns as director
Turquoise Hill Resources today announced the appointment of George Burns to the Company's Board of Directors as an independent director.
Eldorado Gold Announces a New Discovery at Lamaque and Increased Exposure to the Eastern Abitibi
Eldorado Gold Corporation ("Eldorado" or "the Company") is pleased to announce the discovery of a new high-grade gold mineralization zone at its Lamaque Operations near Val d'Or, Quebec.
Eldorado Gold Announces 2019 Production In-line with Guidance and Senior Management Changes
Eldorado Gold Corporation ("Eldorado" or "the Company") is pleased to announce the Company's fourth quarter and full year 2019 preliminary production results. The Company will provide its full year 2020 guidance in conjunction with its 2019 Year End Results at the end of February.
Where to Look as Peak Gold Approaches
It's finally happening: peak gold. The big gold companies can't grow any bigger, and the biggest ones are losing steam. Today, the real golden opportunities are in the small miners. And there's one little company in West Africa that appears ready to break out. Mentioned in today's commentary includes: Eldorado Gold Corp. (NYSE: EGO), Yamana Gold (NYSE: AUY), Agnico Eagle Mines (NYSE: AEM), Kinross Gold Corporation (NYSE: KGC), Wheaton Precious Metals (NYSE: WPM).
Four Ways to Play the New Gold Boom
There's a common saying "hope for the best but prepare for the worst". And that's never been truer than in today's markets. Just spend 5 minutes watching the news. The UK is looking down the barrel of an economically crippling no-deal Brexit. One of the world's top financial hubs, Hong Kong, is teetering on the edge. Germany's manufacturing sector is collapsing. And the U.S.-China trade war is taking domestic victims left and right. Included in today's commentary: Eldorado Gold Corp. (NYSE:EGO) (TSX:ELD), Yamana Gold (NYSE:AUY) (TSX:YRI), Agnico Eagle Mines (NYSE:AEM) (TSX:AEM), Kinross Gold Corporation (NYSE:KGC) (TSX:K), Wheaton Precious Metals (NYSE:WPM) (TSX:WPM).