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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 07, 2020 3:57pm
145 Views
Post# 30999810

Gold up as US$ Drops, Stock Climb As U.S. Unemployed rise

Gold up as US$ Drops, Stock Climb As U.S. Unemployed rise
COMMODITIES: Gold Rises as Dollar Drops, Stock Climb As U.S. Unemployment Jumps Again
02:04 PM EDT, 05/07/2020 (MT Newswires) -- Gold prices rose on Thursday even as stock markets were higher and the dollar fell as new U.S. unemployment figures showed another big jump in the number of the jobless.
 
Gold for June delivery ended up US$37.30 to settle at US$1,725.80 in Comex trading.
 
U.S. initial jobless claims rose by another 3.17 million last week, with continuing claims rising by 4.64 million to 22.65 million, showing pandemic quarantines are continuing to weaken the country's economy.
 
Despite the figures, U.S. stocks rose, as investor move to riskier assets on expectations that states rolling back quarantines amid the pandemic will boost demand. The Dow Jones Industrial Average was last seen up 1.5%.
 
The U.S. dollar fell, making gold more affordable for international buyers. The ICE dollar index was last seen down0.22 points to 99.87.
Bullboard Posts