Eldorado Gold Corp. reports the Company's financial and operational results for the fourth quarter and year ended December 31, 2021. For further information please see the Company's Consolidated Financial Statements and Management's Discussion and Analysis filed on SEDAR under the Company's profile. Q4 2021 and Full-Year Highlights Operations Strong gold production at the upper end of the increased guidance range: 122,582 [...]
Eldorado Gold Corp. is pleased to announce the results of a new Technical Study on its wholly-owned Lamaque Project, located in Val d'Or, Quebec. The Lamaque Project is comprised of three separate but contiguous properties: Lamaque South , Sigma-Lamaque and Aumaque . The Upper Triangle zones within Lamaque South are currently being mined with access by surface ramp. The Study includes an update to the current operation [...]
Eldorado Gold Corp., is pleased to announce that today, the Company published its inaugural Climate Change and Greenhouse Gas Emissions Report and has set a target to mitigate GHG emissions. The Report is available on Eldorado Gold's website . Report Highlights Eldorado's inaugural report supports our phased alignment with the recommendations of the Task Force on Climate-related Financial Disclosures and details the [...]
Eldorado Gold Corp., today provided detailed 2022 production and cost guidance and an improved five-year production outlook. Highlights 2022 gold production is expected to be between 460,000 to 490,000 ounces. Mid-point of 2022 gold production is 30,000 ounces or 7% higher compared to the previous 2022 guidance provided in January 2021, due primarily to increased mining rates at Lamaque, increased recovery rates at [...]
Eldorado Gold Corp. is pleased to announce fourth quarter 2021 preliminary gold production of 122,644 ounces, and full year 2021 preliminary production of 475,912 ounces. Annual gold production from the Company's four operating mines is at the upper end of the revised production guidance range of 460,000 to 480,000 ounces. Detailed production, by asset, is outlined in the table below. Q4 2021 and Year-to-Date 2021 [...]
Eldorado Gold Corp. announces that the Toronto Stock Exchange has accepted for filing the Eldorado's Notice in respect of a normal course issuer bid to be transacted through the facilities of the TSX and/or through alternative trading systems, including the New York Stock Exchange . Pursuant to the NCIB, Eldorado may purchase up to 1,421,373 of its common shares representing approximately 0.8% of the total 182,659,032 [...]
Eldorado Gold releases its updated Mineral Reserve and Mineral Resource estimates as of Sept 30, 2021. Highlights Increase to Inferred Resources as a result of the maiden Inferred Resource at Ormaque announced in Feb 2021. Increase to Mineral Reserves and Measured and Indicated Resource at Efemcukuru is attributable to Resource upgrade associated with drilling, mostly at Kokarpinar and Kestanebeleni NW. Mineral Reserves [...]
Eldorado Gold Corp. announces the completion of a Feasibility Study on the wholly-owned Skouries project, located in northern Greece. As previously announced, the Company will host a conference call, later today, on Wednesday, December 15, 2021, at 6:00 PM ET . The call details are at the end of this news release. All financial figures are in U.S. dollars unless otherwise stated. Feasibility Study Highlights1 Robust [...]
Eldorado Gold Corp. is pleased to announce the completion of the Triangle-Sigma decline at Lamaque and the construction and wet commissioning of the high-pressure grinding rolls circuit at Kisladag. Both growth projects were approved in 2020, just prior to the onset of the COVID-19 pandemic. The decline at Lamaque was delivered on budget and on schedule. The Kisladag HPGR project was two months delayed due to COVID-19 [...]
Eldorado Gold Corp. today reports the Company's financial and operational results for the third quarter of 2021. Quarterly production exceeds expectations; increasing full year 2021 annual guidance: Gold production totalled 125,459 ounces in Q3 2021, a decrease of 8% from Q3 2020 production of 136,922 ounces driven by a planned shift to lower-grade ore at Kisladag. Gold production in the quarter increased 8% over Q2 2021 [...]
Eldorado Gold Corp. announces that it has closed the previously announced sale of the Tocantinzinho Project to G Mining Ventures Corp. . As part of closing, Eldorado and GMIN have entered into an investor rights agreement , which grants Eldorado certain rights for so long as it maintains 10% ownership of GMIN common shares on an undiluted basis. The Investor Rights Agreement includes: A customary lockup period until the [...]
Eldorado Gold Corp. is pleased to announce that the Company and its syndicate of lenders have executed an amended and restated senior secured credit facility . The Fourth ARCA consists of a US$250 million revolving senior secured credit facility with an option to increase the available credit by US$100 million through an accordion feature, as well as a letter of credit facility. The Fourth ARCA amends and replaces the May [...]