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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 Oct 15, 2020 7:15pm
243 Views
Post# 31725773

Eldorado continues to soar & reward the patient

Eldorado continues to soar & reward the patientToday Eldorado hit a 52 Week High @ $18.70 Cdn ( up 3.72%) or $14.15 US (up 2.98%), rising steadily over the past 5 days even while Gold bullion hovers cautiously at the $1900 +/- 1% US level.

Many are asking why one of the most shorted gold mining stocks is rising daily, now heading towards the higher teens...

Some things to ponder:
A great Q2 production was reported with higher revenues fo rthe first time in several years

A great preliminary production report was hust reported, with sales revenues  to be reported in a week or so based on $1900 US/oz gold - up some $200/oz from Q2

Good News is coming...Greece has said Yes to Eldorado getting Full permits for Skouries (and now perhaps also other locations) so they are just ironing out the details with the Greek Ministry of Environment and when this does actually occur (a.k.a. Official "Yes"= permits in hand) - then this price will pop, some say upwards of 20+ % but i dunno , maybe even higher?

So strap in for the ride, as there may be a few more dips but the recent Bull run 52 Week high signal says that Mr. Market sentiment is this could be the contiuation of a Shiny moment or a 'glowing' period of growth.

Cheers to all the patient investors
Bullboard Posts