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.

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Eldorado Gold Corp

Bullboard Posts

Post by tomgraniteon Feb 02, 2019 11:47pm

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Post# 29311275

Decrease debt over next 2 years?

If they really do manage to heap leach over 250 days successfully the fcf over next 2 years (pog $1,300) looks something like this:

2019....$120mil (400k ozs X $300/oz)
2020....$267.5mil (535k ozs X $350/oz)

That is getting close to $400mil of cash they could use by the time the debt is due for renewal at end of 2020.

The resumption of heap leaching is great news. Not spending $500mil on the mill is even better news IMO.

If they can find a way of making the lower grade ore profitable to process, then Kisladag will be in play beyond 2020.

Bullboard Posts

Understanding tax loss season and the “Santa Claus rally”