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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 06, 2020 9:50am
104 Views
Post# 30992304

Gold Trading Lower As U.S. Dollar Rises

Gold Trading Lower As U.S. Dollar Rises
COMMODITIES: Gold Trading Lower As U.S. Dollar Rises Following U.S. Private Unemployment Data
09:23 AM EDT, 05/06/2020 (MT Newswires) -- Gold traded lower early on Wednesday as the U.S. dollar rose following the release of new U.S. unemployment figures that showed a drop in private payrolls of more than 20-million jobs.
 
Gold for June delivery was last seen down US$9.60 to US$1,701.00 per ounce in Comex electronic trading.
 
The drop comes following the release of the ADP private payroll figures for April showing the country shed 20.24 million jobs last month, close to expectations but enough to prompt investors to move to the U.S dollar.
 
The ICE dollar index was last seen up 0.31 to 100.02 points, making the metal more expensive for international buyers.
 
Despite the drop in jobs, investors are still showing a heightened appetite for risk as pandemic quarantine measures are eased. Stock markets in Europe and Asia are mixed. while futures point to a higher open on U.S. markets, lowering the need for gold as a safe haven.
Bullboard Posts