Efemçukuru | Jotup

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 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

Retrieved on:

Wednesday, December 13, 2023

Mineral Resources Limited, Table, MRMR, Triangle, News, Efemçukuru, Gold, Rare-earth element

Eldorado’s Measured and Indicated Gold Mineral Resources totalled 19.0 million ounces, as of September 30, 2023.

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Eldorado’s Measured and Indicated Gold Mineral Resources totalled 19.0 million ounces, as of September 30, 2023.
Eldorado’s Inferred Gold Mineral Resources totalled 7.6 million ounces as of September 30, 2023, a 2% decrease from the previous MRMR statement on September 30, 2022.
Efemcukuru: The decrease in Inferred Resources is attributable to the upgrade to Measured and Indicated Resources at Kokarpinar South.
Lamaque Complex: The increase in Measured and Indicated at Triangle represented conversion from Inferred Resources, however depletion outpaced conversion.

Eldorado Gold Provides Update on Tax Impacts in Turkiye Related to the Weakening Lira

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Friday, October 13, 2023

Mining, Turkish lira, Eldorado Gold, Lira, Depreciation, Life insurance, Efemçukuru

VANCOUVER, British Columbia, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira.

Key Points:

VANCOUVER, British Columbia, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira.
The Company’s profits from mining operations in Turkiye are taxed at the enacted rate and the resulting current income tax expense can be further increased or reduced by other items.
In the third quarter, the Company expects the Turkish current income tax expense on mining profits, at an enacted rate of 25%, to be decreased by up to $3 million.
As a result, an incremental current tax charge of approximately $6.2 million will be recognized in the three and nine months ended September 30, 2023.

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

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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 Provides Update on Tax Impacts in Turkiye Related to the Weakening Lira; and Provides Conference Call Details

Retrieved on:

Friday, July 7, 2023

Efemçukuru, Turkish lira, El Dorado, Lira, Mining, Eldorado Gold

VANCOUVER, British Columbia, July 07, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira.

Key Points:

VANCOUVER, British Columbia, July 07, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira.
The Company’s profits from mining operations in Turkiye are taxed at an enacted rate of 20% and the resulting current income tax expense may be increased or reduced by other items.
In the second quarter, the Company expects the Turkish current income tax expense on mining profits to be higher by $5.5 to $6.5 million.
This increase is expected to be primarily related to the weakening of the Lira in the quarter and the resulting generation of taxable unrealized foreign exchange gains, partly offset by reductions related to the investment tax credit relating to Kisladag and Efemcukuru.

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

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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.

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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 Gold Provides Update on Results from Ormaque Step-out Drilling and Overview of 2023 Global Exploration Programs

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Thursday, March 30, 2023

VANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado Gold”, the “Company” or “We”) is pleased to provide new results from step-out drilling at the Ormaque deposit in Quebec.

Key Points:

VANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado Gold”, the “Company” or “We”) is pleased to provide new results from step-out drilling at the Ormaque deposit in Quebec.
“Eldorado Gold is committed to investing in organic growth opportunities through brownfields exploration surrounding our current operations, and funding greenfield exploration initiatives to strategically expand our global footprint,” said George Burns, President and CEO of Eldorado Gold.
Gold grades for drillhole intervals at the Ormaque deposit listed in this release are capped at 70 g/t gold.
Eldorado Gold operates its exploration programs according to industry best practices and employs rigorous quality assurance and quality control procedures.

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

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Thursday, February 23, 2023

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 Provides 2022 Production and Cost Guidance and Outlines Improved Five-Year Outlook

Retrieved on:

Tuesday, January 18, 2022

In particular, 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 particular, 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.
Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein.
Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change.