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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 Aug 24, 2020 4:01pm
84 Views
Post# 31447299

Gold Ends Lower As Dollar Firms, Stocks Rise

Gold Ends Lower As Dollar Firms, Stocks Rise

COMMODITIES: Gold Ends Lower As Dollar Firms, Stocks Rise

02:07 PM EDT, 08/24/2020 (MT Newswires) -- Gold ended lower on Monday, surrendering early gains as the U.S.dollar rose and investors moved to increase risk.

Gold for December delivery closed down US$7.80 to US$1,939.20 per ounce in Comex trade after reaching as high as US$1,970.30 in earlier trade.

The price of the metal has been volatile since rising to a record high of US$2,069.40 on August 6, trading below the US$2,000 mark for the past four sessions.

The U.S. dollar rose, making gold more expensive for international buyers. The ICE dollar index was last seen up 0.02 to 93.27 points.

Stocks are also higher, cutting the need for gold as a safe haven. The Dow Jones Industrial Average was last seen up 0.91%.


Bullboard Posts