Olympias

Eldorado Gold Reports First Quarter 2024 Financial and Operational Results; Steady Start to 2024

Retrieved on: 
Thursday, April 25, 2024
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VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado”, "Eldorado Gold" or “the Company”) today reports the Company’s financial and operational results for the first quarter of 2024.

Key Points: 
  • VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado”, "Eldorado Gold" or “the Company”) today reports the Company’s financial and operational results for the first quarter of 2024.
  • Production and cost outlook: The Company is maintaining its 2024 annual production guidance of 505,000 to 555,000 ounces of gold.
  • The increase was driven by increased gold production and gold sales and higher average realized gold price.
  • In addition to the Operational Readiness team, as at March 31, 2024, there were over 600 personnel on site which is expected to ramp up to 1,300 during 2024.

Eldorado Gold Files Technical Reports for Olympias and Efemcukuru

Retrieved on: 
Thursday, March 28, 2024
Mineral Resources Limited, Efemçukuru, Technical, Eldorado Gold, National instrument, Canadian Securities Administrators, Olympias

VANCOUVER, British Columbia, March 28, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces today that it has filed two separate technical reports related to its Olympias and Efemcukuru properties (“Technical Reports”).

Key Points: 
  • VANCOUVER, British Columbia, March 28, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces today that it has filed two separate technical reports related to its Olympias and Efemcukuru properties (“Technical Reports”).
  • These Technical Reports have been prepared pursuant to Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and may be found on the Company’s website ( www.eldoradogold.com ) or under the Company's SEDAR+ profile ( www.sedarplus.com ).
  • The Technical Reports were filed to support updated scientific and technical disclosure in the Company’s annual information form, which was also filed on SEDAR+ today.
  • There are no material differences between the Mineral Resources and Mineral Reserves previously disclosed by the Company in relation to the Olympias and Efemcukuru properties and those disclosed in the Technical Reports.

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

Retrieved on: 
Monday, January 15, 2024
Olympias, El Dorado, Mining, Ventilation, Gold, Investment, Depreciation, Webcast

The Lamaque Complex delivered record gold production both in the fourth quarter and for the year.

Key Points: 
  • The Lamaque Complex delivered record gold production both in the fourth quarter and for the year.
  • During the fourth quarter, production increased 29% over the third quarter driven by increased grade and mill throughput.
  • At Efemcukuru, record throughput rates in the fourth quarter, averaging 1,500 tpd along with higher gold grades delivered the full year gold production per plan.
  • Fourth quarter gold production at Olympias was slightly lower compared to the third quarter.

Eldorado Gold Announces Third Quarter 2023 Preliminary Production and Conference Call Details; Provides Project Update on Skouries

Retrieved on: 
Sunday, October 1, 2023
Efemçukuru, Wildfire, Olympias, El Dorado, Gold, Mechanical, Skouries mine, Engineering, Uranium mining, Rare-earth element, Dam, Construction

Eldorado Gold will release its Q3 2023 financial and operating results on October 26, 2023.

Key Points: 
  • Eldorado Gold will release its Q3 2023 financial and operating results on October 26, 2023.
  • At Lamaque, third quarter production increased slightly over the first and second quarter.
  • Third quarter gold production at Kisladag increased by 1% and 9% over the first and second quarter, respectively.
  • Third quarter gold production at Olympias increased by 13% and 35% over the first and second quarter, respectively.

Eldorado Gold Announces C$81.5 Million Strategic Investment by the European Bank for Reconstruction and Development (EBRD) and Concurrent C$135 Million Bought Deal Financing

Retrieved on: 
Tuesday, May 30, 2023
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VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) is pleased to announce it has entered into agreements with respect to a C$81.5 million strategic investment in Eldorado by the European Bank for Reconstruction and Development (the "EBRD").

Key Points: 
  • VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) is pleased to announce it has entered into agreements with respect to a C$81.5 million strategic investment in Eldorado by the European Bank for Reconstruction and Development (the "EBRD").
  • In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering would be C$155 million.
  • “Proceeds from this financing will strengthen the Company’s balance sheet and is expected to provide additional optionality across our global portfolio.
  • “We are pleased that the EBRD is becoming a shareholder in Eldorado,” said Natalia Lacorzana, Head of Natural Resources at the EBRD.

Eldorado Gold Reports First Quarter 2023 Financial and Operational Results; Steady Start to 2023

Retrieved on: 
Thursday, April 27, 2023
Lead, Tonne, Zinc, Efemçukuru, Absenteeism, COVID-19, Silver, Public expenditure, Olympias, Gold, SEDAR, Webcast, El Dorado, AISC, Mining, Palladium, Rare-earth element, Mobile phone, Q2

Kisladag produced 37,160 ounces of gold in Q1 2023, a 25% increase from 29,779 ounces in Q1 2022.

Key Points: 
  • Kisladag produced 37,160 ounces of gold in Q1 2023, a 25% increase from 29,779 ounces in Q1 2022.
  • Average grade increased to 0.70 grams per tonne in Q1 2023 from 0.61 grams per tonne in Q1 2022.
  • Revenue increased to $72.1 million in Q1 2023 from $56.6 million in Q1 2022, reflecting increased gold ounces sold in the quarter and to a lesser extent, an increase in the average realized gold price.
  • Efemcukuru produced 19,928 payable ounces of gold in Q1 2023, a 5% decrease from 21,057 payable ounces in Q1 2022.

Eldorado Provides 2023 Production and Cost Guidance and Outlines Five-Year Growth Profile; Achieving Approximately 700K Ounces of Gold Production in 2027

Retrieved on: 
Thursday, February 23, 2023
Parallel, Food, News, Gold, Zinc, Silver, Public expenditure, Workforce, Life, François-Charles de Bourlamaque, Triangle, Engineering, Mining, El Dorado, Electricity, Copper, Olympias, Turkish lira, Sale, Lead, Facility, Uranium mining, Skouries mine, Efemçukuru

To support our workforce with the rising costs of food and electricity, approximately half of the adjustment was provided in mid-2022 with the remaining provided in January 2023.

Key Points: 
  • To support our workforce with the rising costs of food and electricity, approximately half of the adjustment was provided in mid-2022 with the remaining provided in January 2023.
  • In 2023, Kisladag is expected to mine and place on leach approximately 12.5 to 13.0 million tonnes of ore at an average gold grade of 0.70 to 0.75 grams per tonne.
  • Planned 2023 sustaining capital of $14 to $19 million is primarily related to equipment overhauls and processing improvements.
  • Spending at Perama Hill during the year is forecast to be less than $1 million, attributed to mine stand-by costs.

Eldorado Gold Announces Fourth Quarter and Full Year 2022 Preliminary Production; Provides Conference Call Details

Retrieved on: 
Monday, January 16, 2023
Weather, El Dorado, COVID, Efemçukuru, Olympias, Webcast, Gold, Mining, Video game

Fourth quarter gold production at Kisladag increased 7% over the third quarter and had steady, improvement through 2022.

Key Points: 
  • Fourth quarter gold production at Kisladag increased 7% over the third quarter and had steady, improvement through 2022.
  • The higher in gold production quarter-over-quarter was driven by an increase in tonnes placed on the pad during the third quarter.
  • At Efemcukuru, gold production, throughput and average gold grade were in line with plan for the quarter and for the full year.
  • Fourth quarter gold production at Olympias was relatively flat quarter over quarter.

Eldorado Gold Announces €680 Million Project Financing and Board Approval for the Skouries Project

Retrieved on: 
Thursday, December 15, 2022
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Key Points: 

    Eldorado Gold Announces Third Quarter 2022 Preliminary Production; Provides Conference Call Details

    Retrieved on: 
    Wednesday, October 12, 2022
    Insurance, National instrument, Regulation, Corruption, Chemistry (relationship), Triangle, Income, Privacy, Contract, Olympias, Workforce, Senior, Private Securities Litigation Reform Act, Skouries mine, Goal, Company, Legislation, Nature, Tax, Phrase, Gold, Climate change, Forward-looking statement, EDGAR, COVID-19, Risk, Compliance, SEDAR, Public health, Public relations, Risk management, Audit

    In addition, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release.

    Key Points: 
    • In addition, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release.
    • Many assumptions may be difficult to predict and are beyond our control.
    • There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
    • Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein.