Eldorado Gold Corp. is pleased to announce that it has priced its offering of US$500 million aggregate principal amount of 6.250% senior notes due 2029 . The settlement date for the issue of the Notes is expected to be on or about August 26, 2021. Eldorado intends to 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, to repay all [...]
Eldorado Gold Corp. is pleased to announce that the Company intends to offer up to US$500 million aggregate principal amount of senior notes due 2029 , subject to market and other conditions. The interest rate and other terms of the Notes will be determined based on prevailing market conditions. Eldorado intends to use the net proceeds from the sale of the Notes to redeem its outstanding US$234 million 9.500% Senior [...]
Eldorado Gold Corp. is pleased to announce that it has entered into a definitive agreement with G Mining Ventures Corp. to divest its Tocantinzinho Project located in Brazil . Under the terms of the Agreement, Eldorado will receive: Minimum upfront consideration of US$50 million, comprised of a minimum US$20 million in cash and 19.9% of GMIN shares upon closing of the Transaction. Deferred consideration of US$60 million [...]
Eldorado Gold Corp. today reports the Company's financial and operational results for the second quarter of 2021. Quarterly production in line with expectations; full year 2021 annual guidance: Gold production totalled 116,066 ounces in Q2 2021, a decrease of 16% from Q2 2020 production of 137,782 ounces and a 4% increase over Q1 2021, driven by a planned shift to lower-grade ore at Kisladag. Eldorado is maintaining its [...]
Eldorado Gold Corp. announces that today it acquired 15,041,746 common shares of Probe Metals Inc. at a price of $1.575 per share for an aggregate purchase price of $23,690,749.95. Prior to such acquisition, Eldorado did not own any Shares of Probe and following such acquisition, Eldorado owns 11.5% of the outstanding Shares of Probe. The Shares were acquired pursuant to a private transaction. Eldorado advises that the [...]
Eldorado Gold Corp. is pleased to announce second quarter 2021 preliminary gold production of 116,066 ounces, in-line with the Company's 2021 annual guidance of between 430,000 and 460,000 ounces of gold. Detailed production, by asset, is outlined in the table below. Q2 2021 and Year-to-Date 2021 Preliminary Gold Production Production Mine Q2 2021 Q2 2020 Q1 2021 Kısladag 44,016 59,890 46,172 Lamaque 35,643 33,095 28,835 Efemcukuru 23,473 26,876 23,298 Olympias 12,934 17,921 13,437 Total Gold Production 116,066 137,782 111,742 Production Mine YTD 2021 YTD 2020 Full Year 2021 Guidance Kısladag 90,188 110,066 140,000 - 150,000 Lamaque 64,478 60,448 140,000 - 150,000 Efemcukuru 46,771 50,115 90,000 - 95,000 Olympias 26,371 33,103 55,000 - 65,000 Total Gold Production 227... [...]
Eldorado Gold Corp. is pleased to release its 2020 Sustainability Report , titled Sustainability from the Ground Up, which includes details of the Company's Sustainability Framework and its Environmental, Social and Governance performance. The Report is our 9th annual published report and has been prepared in accordance with the Global Reporting Initiative core standards and the Sustainability Accounting Standards Board [...]
Eldorado Gold Corp. is pleased to announce that all director nominees, as listed in the Management Proxy Circular dated April 27, 2021, were elected as directors of Eldorado at the Company's Annual Meeting of Shareholders held virtually on June 10, 2021. Election of Directors Directors Votes For Votes Withheld Outcome George Albino 89,608,334 1,629,121 Elected 98.21% 1.79% George Burns 90,597,246 640,220 Elected 99.30 [...]
Eldorado Gold Corp. today reports the Company's financial and operational results for the first quarter of 2021. First Quarter 2021 and Subsequent Period Highlights Q1 2021 production on plan and in line with 2021 annual guidance: Gold production totalled 111,742 ounces in Q1 2021, in-line with 2021 annual guidance and a decrease of 4% from Q1 2020 production of 115,950 ounces. Eldorado is maintaining its annual guidance [...]
Eldorado Gold Corp. is pleased to announce that the Greek Ministry of Energy and Environment has approved a modification to the Kassandra Mines Environmental Impact Assessment to allow for the use of dry stack tailings disposal at the Skouries project. Dry stack technology involves filtering tailings to remove water prior to stacking and compacting the dry material in a designated tailings area. Using dry stack tailings [...]
Eldorado Gold Corp. is pleased to announce first quarter 2021 preliminary gold production of 111,742 ounces, in-line with the Company's 2021 annual guidance of between 430,000 and 460,000 ounces of gold. Individual mine gold production is shown in the table below. Q1 2021 Preliminary Gold Production Gold Production Q1 2021 Full Year 2021 Guidance Kisladag 46,172 140,000 - 150,000 Lamaque 28,835 140,000 - 150,000 [...]
Eldorado Gold Corp. and QMX Gold Corp. are pleased to announce the successful acquisition by Eldorado of all of the outstanding common shares in the capital of QMX not already owned by Eldorado, by way of a statutory plan of arrangement under the provisions of the Business Corporations Act . The Arrangement became effective at 12:01 a.m. on April 7, 2021 resulting in QMX becoming a wholly-owned subsidiary of Eldorado. "We [...]