Eldorado Gold Corp T.ELD

Alternate Symbol(s): EGO

Metals & Mining Gold

Eldorado Gold Corporation is a Canada-based gold and base metals producer with mining, development and exploration operations in Turkiye, Canada, Greece and Romania. The Company’s operations include Lamaque, Olympias, Efemcukuru and Kisladag. The Lamaque is an underground gold mine in Val-d’Or, Quebec. The Olympias operation is a gold-silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece. Efemcukuru is an underground operation located in Izmir Province in western Turkiye. Kisladag is located in Usak Province in western Turkiye. Its Skouries project is a world-class asset located on the Halkidiki Peninsula in northern Greece. The Certej project is a non-core gold asset in Romania. Its other operations include Perama Hill and Stratoni. Stratoni is an underground, silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece. Perama Hill is an epithermal gold-silver deposit located in the Thrace region of northern Greece.

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Eldorado Gold Corp

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Post by CatamaranFundon Oct 30, 2020 12:49pm

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Post# 31813635

EL "D" posts big jumps in Q3 production, free cash flow

Eldorado posts big jumps in Q3 production, free cash flow

Oct. 30, 2020 12:27 PM ETEldorado Gold Corporation (EGO)By: Carl Surran, SA News Editor

Eldorado Gold (EGO +3.6%) moves higher after reporting slightly lower than expected Q3 earnings, but EBITDA more than doubled to $162.5M and revenues rose 67% to $287M.
Q3 gold sales volumes jumped 39% Y/Y to 137.7K oz. at an average realized price of $1,919/oz. vs. $1,513/oz. in the prior-year quarter, while all-in sustained costs dropped to $918/oz. compared to $1,031/oz. a year ago.
Q3 free cash flow of $117.2M soared from $16.7M in Q3 2019, as net cash generated from operating activities more than tripled to $165.4M from $51.2M.
Eldorado ended the quarter with $504M in cash and equivalents on the balance sheet and has access to $32M under a revolving credit facility.
The company maintains FY 2020 production guidance of 520K-550K oz. of gold at an AISC of $850-$950/oz. sold.
Reporting on operations in Greece, Eldorado has renewed its operating permit for Olympias, which allows for production of up to 470K mt/year, and the Ministry of Environment has granted permits to conduct surface exploration drilling in the Stratoni area.