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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
Comment by CatamaranFundon May 08, 2020 9:24am
73 Views
Post# 31002166

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

RE:RE:RE:Gold up as US$ Drops, Stock Climb As U.S. Unemployed rise
 PUBLISHED FRI, MAY 8 20208:30 AM EDT UPDATED MOMENTS AGO
Nonfarm payrolls fell by 20.5 million in April and the unemployment rate rose to 14.7%, both post-World War II records.
Economists had been expecting a loss of 21.5 million jobs and the unemployment rate to surge to 16%.
The “real” unemployment rate, which includes workers not looking for jobs and the underemployed, surged to 22.8%.
The impact of the coronavirus-induced economic shutdown tore through the U.S. labor market in April at historic levels, slashing 20.5 million workers from nonfarm payrolls and sending the unemployment rate skyrocketing to 14.7%, the Labor Department reported Friday.
 
Both numbers easily smashed post-World War II era records and help reflect the profound damage done through efforts used to combat the virus.
 
Economists surveyed by Dow Jones had been expecting payrolls to shed 21.5 million and the unemployment rate to go to 16%. April’s unemployment rate topped the post-war record 10.8% but was short of the Great Depression high estimated at 24.9%. The financial crisis peak was 10% in October 2009.
 
The bleak numbers paint a “pretty dismal picture, but April may be it for job losses going forward with the country starting to reopen,” said Chris Rupkey, chief financial economist at MUFG Union Bank. “If there is a silver-lining in today’s dismal jobs report, it is in the realization that the economy cannot possibly get any worse than it is right now.”

Twitter:Data on Non-Farm Payroll
A record 20.5 million nonfarm payroll jobs were lost in April
 
unemployment jumped to 14.7%, the highest since the Great Depression
 
and these numbers were both *better* than expected, so stocks are rising

https://twitter.com/markgongloff/status/1258737567266222081?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet


April non-farm payrolls slightly better than expected, but still record numbers since WW2 #US #economy
 
- Job destructions at 20.5m vs 22m est.
- Unemployment rate at 14.7% vs 16% est.
Bullboard Posts