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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 CatamaranFundon May 01, 2020 12:44am
162 Views
Post# 30974710

Gold Drops Back Under US$1,700 Despite Weaker Equities, US$

Gold Drops Back Under US$1,700 Despite Weaker Equities, US$

COMMODITIES: Gold Drops Back Under US$1,700 Despite Weaker Equities, Dollar

02:07 PM EDT, 04/30/2020 (MT Newswires) -- Gold ended down for a fifth-straight day on Thursday even as stocks and the U.S. dollar were both lower after the United States reported another large rise in unemployment.

Gold for June delivery closed down US$19.20 to US$1,694.20 per ounce in Comex trading.

The United States said there were 3.84 million initial jobless claims last week, down by 0.6 million from the prior week. pushing claims to more than 30 million since pandemic quarantines were put in place.

Stocks were lower after the Federal Reserve on Wednesday took no action on interest rates but promised open-ended purchases of bonds to maintain liquidity. The Dow Jones Industrial Index was last see down 1.6%.

The U.S. dollar also fell, making gold more affordable for international buyers. The ICE dollar index was last seen down 0.48 points to 99.08.

Cheers to all the patient investors
Bullboard Posts