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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 25, 2020 2:12pm
117 Views
Post# 31451325

Gold Drops to Month Low Despite Dollar Weakness

Gold Drops to Month Low Despite Dollar Weakness
COMMODITIES: Gold Drops to Month Low Despite Dollar Weakness
02:10 PM EDT, 08/25/2020 (MT Newswires) -- Gold weakened early on Tuesday despite a lower dollar and ahead of speech by Federal Reserve Chair Jerome Powell on improving trade relations with China and positive economic news.
 
Gold for December delivery closed down US$16.10 to US$1,923.10 per ounce in Comex trade, the lowest close since July 23.
 
The drop came as U.S. and Chinese officials held friendly talks on the progress of meeting the goals set out in their phase one trade agreements, while U.S. new home sales rose by the most since 2006.
 
Powell's Tuesday speech is likely to update the market on the central bank's efforts to spur the economic recovery from the pandemic.
 
The U.S. dollar weakened, making the metal more affordable for international investors. The ICE dollar index was last seen down 0.18 to 93.12 points.
Bullboard Posts