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Eldorado Gold Corp T.ELD

Alternate Symbol(s):  EGO

Eldorado Gold Corporation is a gold and base metals mining, development, and exploration company. It has mining operations, ongoing development projects and exploration in Turkiye, Canada, and Greece. It operates four mines: Kisladag and Efemcukuru located in western Turkiye, the Lamaque Complex in Quebec, Canada, and Olympias, located in northern Greece. Kisladag, Efemcukuru and Lamaque are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. The Lamaque Complex is located in Val-d’Or, Quebec. It includes the Triangle Mine (Upper and Lower), the Ormaque Deposit, the Parallel Deposit, the Plug #4 Deposit, and the Sigma Mill. Efemcukuru is an underground operation located in Izmir Province in western Turkiye. Its other development project in its portfolio includes Perama Hill, a gold-silver project in Greece. Its Stratoni is an underground, silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece.


TSX:ELD - Post by User

Bullboard Posts
Comment by contrainvestoron Oct 31, 2007 9:29pm
423 Views
Post# 13729894

RE: Stay away from Turkey = BNN now...

RE: Stay away from Turkey = BNN now...I think Veronika Hirsch is a quality PM, but she sounded really ignorant talking about ELD today. First of all, the government never shut the mine down, so using the phrase political risk when talking about Turkey is not correct; there are very few jurisdictions in the world that are as mining friendly as Turkey. Unfortunately, when a country abides by the rule of law, people are able to use the court system, which is not necessarily a bad thing, but it sucks when these environmental groups are so active. Secondly, bringing up the border skirmish is a silly comment because the Kisladag mine is no where near the Iraqi border; it is at the other side of the country. Finally, she said the Kisladag mine is not a world-class ore body. We know that it has 5 million ounces of reserves at $450 gold price, so obviously at today's gold prices it is alot more. It is Turkey's largest gold mine, so obviously to that economy it is very important. And the cash costs of operating the mine are extremely low which is why it such an attractive take-over target. Is it world-class? That is a relative question, but it is at minimum a very good ore body. She made it sound like it was a dime a dozen; if that was the case, ELD would not have been the best performing gold stock before Kisladag was shut down. The silliest comment of all though was when she suggested that Mongolia was a politically safer jurisdiction than Turkey. That is utter nonsense.
Bullboard Posts