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

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Post by challenger426on Sep 07, 2016 8:19am

273 Views

Post# 25212992

News - ELD provides updated outlook

News out- ELD provides updated outlook

Just took a quick look at the news release. If ELD can achieve their 2020 targets and the POG is at $1300, ELD should be worth at least $7.50 in 2020. It looks like ELD wants to become a much larger low cost producer within a few years.

830,000 oz x $650/oz ($1300/oz - $650 AISC)
Then take that total of $539,500,000 and divide it by the number of shares outstanding 716,587,134 and you get:
$0.75 /share - then give this yearly earnings number a multiple of 10 and you have:

$7.50/share.

Factors to consider in 2020 are :
The actual price of gold - anything over $1300/oz would be beneficial to the share price.
Any Non-sustaining capital expenditures - not mentioned.
The number of shares outstanding in 2020
Currency Exchange Rates

This could be a great investment for a shareholder willing to hold ELD for 3 to 4 years.

2020 Targets

Gold production is expected to increase by 110% over 2017 totals (approximately 400,000 ounces of gold) to over 830,000 ounces in 2020.
All-in sustaining cash costs to decline to under $650 per ounce.

Assumptions

Long term outlook assumes $1,300 per ounces gold, $18.00 per ounce silver, $6,000 per tonne copper, $2,000 per tonne lead, $2,000 per tonne zinc.
Rates to the US$: 2.9 TRL; 3.75 BRL; 1.15 EU; 1.25 CAD.