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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 Jul 15, 2020 3:49pm
88 Views
Post# 31272510

2 pm Update:Gold Edges Up on Dollar Drop

2 pm Update:Gold Edges Up on Dollar Drop

COMMODITIES: Gold Edges Up on Dollar Drop As Positive Vaccine Trial Convinces Investors to Add Risk

02:05 PM EDT, 07/15/2020 (MT Newswires) -- Gold eked out a small gain on Wednesday as the U.S. dollar fell, even as investors worldwide moved to add risk after positive early trials for a Covid-19 vaccine.

Gold for August delivery settled up US$0.40 to US$1,813.80 per ounce in Comex trade.

The U.S. dollar fell, making gold more affordable for international buyers. The ICE dollar index was last seen down 0.17 to 96.09 points.

"Apparently the US currency is no longer profiting from the rising numbers of new corona infections in the US, which was strange enough in any case," Commerzbank analyst Carsten Fritsch said in a note.

Drug-developer Moderna reported early safety trials of a potential Covid-19 vaccine showed it produced antibodies to fight the coronavirus in all patients tested, results that convinced investors to bid up stocks, with the Dow Jones Industrial Average last seen uo 0.6%.

"Risk appetites surged following news of a possibly successful coronavirus vaccine," Action Economics said in a note.


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