Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Aug 05, 2020 10:05am
95 Views
Post# 31366282

Eldorado Gold: Back On Track

Eldorado Gold: Back On TrackRead this carefully;
Summary

Revenues were higher than I had expected this quarter at $255.92 million, up from $173.68 million the same quarter a year earlier, and up 25% sequentially.

Production for the second quarter of 2020 was 137,782 Au Oz, up 66.6% year over year, and up 18.9% sequentially.

It is time to look at EGO as a long-term investment potential.

Highlights:
I believe the combination of more efficiency in the mining segment and a massive boost in the gold price did have a beneficial and long-lasting effect on this gold company. Thus, it is time to look at EGO as a long-term investment potential.
 

Now, the question is what to do next?
 
It is not an easy question to answer. Gold price is still high and is now flirting with $2,000 per ounce.
 
However, I am wondering if we are not at some sort of top now? If we look at the 10-year chart for gold, it is clear that we are forming a cup & handle formation, which would suggest an imminent retracement before the uptrend can resume.
 
Thus, it is imperative to trade EGO assuming that we may have reached an intermediate top. However, nothing is guaranteed, and the best strategy is to take some profit off the table in an orderly method.


If the link gets hijacked - just copy and paste to your browzer;
https://seekingalpha.com/article/4364345-eldorado-gold-back-on-track

Cheers to the patient investors
Bullboard Posts