QMX Gold Corp. is pleased to announce that the Company has obtained a final order of the Ontario Superior Court of Justice approving the previously announced plan of arrangement under the Business Corporations Act involving Eldorado Gold Corp. If the Arrangement is completed, Eldorado will, among other things, acquire all of the issued and outstanding common shares in the capital of the Company , in exchange for which [...]
Eldorado Gold Corp. is pleased to announce that today the Greek Parliament voted to approve and ratify the amended Investment Agreement that was signed on February 5, 2021 between the Hellenic Republic and Eldorado's wholly-owned subsidiary, Hellas Gold S.A. The Agreement amends the 2003 Transfer Agreement and provides a modernised legal and financial framework for the further development, construction and operation of [...]
Eldorado Gold Corp., today reports the Company's financial and operational results for the fourth quarter and year ended December 31, 2020. For further information please see the Company's Consolidated Financial Statements and Management's Discussion and Analysis filed on SEDAR at www.sedar.com under the Company's profile. Year-End Financial and Operating Results Overview and Subsequent Period Highlights 2020 annual [...]
Eldorado Gold Corp., is pleased to announce a maiden resource estimate for the recently-discovered Ormaque deposit near its Lamaque operations in Quebec. Inferred Mineral Resources total 2,620,000 tonnes at a grade of 9.53 grams per tonne gold, for 803,000 ounces of contained gold. "This early exploration success at Ormaque highlights the outstanding growth potential at Lamaque," said George Burns, President and CEO. "The [...]
Eldorado Gold Corp. is pleased to announce its wholly-owned subsidiary, Hellas Gold S.A. has entered into an amended Investment Agreement with the Hellenic Republic to govern the further development, construction and operation of the Skouries, Olympias and Stratoni/Mavres Petres mines and facilities in northern Greece . The Agreement amends the 2004 Transfer Agreement between Hellas Gold S.A. and the Hellenic Republic [...]
Eldorado Gold Corp., confirms it will release its 2020 Year-End and Fourth Quarter Financial and Operational Results after the market closes on Thursday, February 25, 2021. The Company will host a conference call on Friday, February 26, 2021 at 11:30am ET . The call will be webcast and can be accessed at: www.eldoradogold.com or http://services.choruscall.ca/links/eldoradogold20210226.html Conference Call Details Replay [...]
Eldorado Gold Corp. and QMX GOLD CORPORATION are pleased to announce that they have entered into a definitive arrangement agreement pursuant to which Eldorado will acquire all of the outstanding shares of QMX for total consideration of approximately C$132 million on a 100% and fully diluted basis or C$0.30 per QMX share . Eldorado currently owns 68,125,000 shares of QMX, or approximately 17% of QMX shares outstanding [...]
Eldorado Gold Corp., today provided detailed 2021 production and cost guidance and an updated five-year production outlook. Highlights Kisladag high-pressure grinding roll commissioning in the third quarter of 2021 and pre-stripping investments position the mine for sustained free cash flow over a 15-year mine life. Increased five-year production profile at Lamaque driven by increasing mining rates and efficiencies from [...]
Eldorado Gold Corp. today announced the Company’s fourth quarter and full year 2020 preliminary production results. Preliminary 2020 gold production increased 34% over 2019 to 528,874 ounces, meeting the Company’s annual consolidated production guidance of between 520,000 and 550,000 ounces. Preliminary gold production for the fourth quarter of 2020 increased 16% to 138,220 ounces compared to the fourth quarter of 2019 [...]
Eldorado Gold Corp. today releases its updated Reserve and Resource estimates as of September 30, 2020. Reserves Update The Company’s Proven and Probable gold Reserves totalled 17.7 million ounces as of September 30, 20201, compared to 17.5 million ounces as of December 31, 2019, an increase of 1.3%. The complete Mineral Reserve and Resource listing can be found at the end of this release and includes the data for tonnes [...]
Eldorado Gold Corp. is pleased to provide results from brownfields exploration drilling programs in Quebec, Greece, and Turkey, including an update on the newly-discovered Ormaque zone at Lamaque. Additionally, the Company is providing a brief update on COVID-19. Highlights in this release include: At Lamaque, new high-grade drill intercepts from the C2, C6 and C7 zones highlight the resource growth potential of the [...]
Eldorado Gold Corp. today reports the Company’s financial and operational results for the third quarter of 2020. Steady quarterly production and 2020 annual guidance maintained: Gold production totalled 136,922 ounces in Q3 2020, an increase of 35% from production of 101,596 ounces in Q3 2019. The Company is maintaining its 2020 annual guidance of 520,000-550,000 ounces of gold at an all-in sustaining cost of $850-950 per [...]
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