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 [...]
Golden Valley Mines and Royalties enabling Eldorado to earn up to an additional 50% interest in the Claw Lake Gold Prospect, the Cook Lake Prospect, the Murdock Creek Prospect, all located in Ontario and the Perestroika Prospect. Golden Valley and Eldorado are currently parties to a Joint Venture Agreement pertaining originally to an aggregate of nine properties in which Golden Valley has a 70% undivided beneficial [...]
Eldorado Gold Corp. is pleased to announce third quarter 2021 preliminary gold production of 125,459 ounces, an 8% increase from 116,066 ounces produced in the second quarter 2021. Based on strong production performance in the first nine months of 2021, the Company is reviewing the full year 2021 production guidance ranges and will provide an update with the release of its financial and operational results on October 28 [...]
Eldorado Gold Corp. is pleased to provide an update of results from exploration projects at the Lamaque and Efemcukuru operations. Brownfield exploration activities at these sites included a combination of resource conversion drilling, step-out drilling of existing resources and testing new near-mine targets. Ormaque: Infill drilling at the Ormaque deposit at the Lamaque operations has confirmed grade continuity within [...]
Eldorado Gold Corp. today announces it has completed its offering of US$500 million aggregate principal amount of 6.250% senior notes due 2029 . Eldorado will use the net proceeds from the sale of the Notes to redeem its outstanding US$234 million 9.500% Senior Secured Second Lien Notes due June 2024 effective September 9, 2021, to repay all amounts outstanding under its existing term loan facility, to repay all amounts [...]