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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
Post by brianjoon Feb 18, 2009 8:28pm
334 Views
Post# 15788106

Very nice news

Very nice newsCan you believe that Financial Report?  Sparkling clean! No debt, all capital assets basically paid for.  Have to say, this is a very straight forward and good management team.  New mine set to open very quickly which will increase revenews by 15 % in 2009.  Can you believe those operating costs??? And will go down with the price of oil being where it's at.  If gold can hang arround $850.00 and ounce they will be swimming in cash.  Just had a report completed on the computer, comparing YRI, K, IMG, and their earnings per share for 2009 will be very close. Will all this make a big spike in their stock price, probably not, as it's quiet and clean and does't have any big stories of major fines.  However, for a 2 year investment it looks great.  I have 15K's in today and if were to drop a little I would double up on that and sit tight till the end of the year. As a note, I think Obama did a job fantastic today for the average person in the US.  However, gold will be strong throughout 2009.  Hold on to those shares, when we get more investors into the maket, she'll move to $16.00 fairly quickly.
Bullboard Posts