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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 xBlitzkriegon May 13, 2019 2:03pm
118 Views
Post# 29741404

Debt restructuring

Debt restructuringIf anyone hasn't noticed they've commenced restructuring of the debt. 200m from credit facility at 5.5%, 250m revolving credit facility is renewed. and they're offering 300m in notes due 2024 rate is currently unknown. 600m notes at 6.125% will be paid off. Finally won't have to listen to wynblow & others screaming, "Debt due 2020, bankruptcy looming" 200m term loan will eventually be paid off over the next year or so, leaving 300m debt on the books. Nice! And they will still have the flexibility to develope skouries or other mines if need be.

https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2019/Eldorado-Gold-Announces-New-Senior-Secured-Credit-Facility/default.aspx

https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2019/Eldorado-Gold-Announces-Execution-of-Senior-Secured-Credit-Facility/default.aspx

https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2019/Eldorado-Gold-Announces-Launch-of-US300-Million-Senior-Secured-Second-Lien-Notes-Offering/default.aspx
Bullboard Posts