Eldorado Gold Corp T.ELD

Alternate Symbol(s): EGO

Metals & Mining Gold

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

Eldorado Gold Corp

Bullboard Posts

Post by HiFinanceon Sep 14, 2009 11:53pm

344 Views

Post# 16305738

Looking at $14-15 for ELD

Eld for the last 3 months ran up from a low of sub $10 to as high as $12.97. Along the way a lot of small pull backs just as happened today. The Ascending Continuation Triangle I borrowed from TD shows a close on Sep 11, 2009 of 12.85 with a Target of between $14.60 - $15.00. Given the announcement by Barrick to de-hedge, they clearly see gold going higher. Makes me think Eld can easily put up another $2 - 4 in the short term.

Growth Rates % Company Industry

Sales (Qtr vs Year Ago Qtr) 14.20 12.40

My small cap gold was up nicely and had to take some off the table but I'm holding steady with Eld. Would love to hear other opinions.

Thanks,
HF

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages