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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

Comment by CatamaranFundon Aug 16, 2021 1:40pm
127 Views
Post# 33710776

RE:Why longs?

RE:Why longs?Largely in the hands of institutional investors now, including 'Large' hedgefunds - who continue to manipulate the mining stocks by shaking out the fearful. It may also be because of ELDs recent decision to offer notes at 6+% to reduce/ eliminate debt at 9+%. (A good move!)
They obviously wanted Greece mines to be debt free so that they can attract the right partner to either share in or sell off Greek holdings to say a Barrick or Newmont that wants more gold plus larrge copper holdings.- Greek mines fit the bill. They are in a much better bargain position with any prospective aquisition partner.
Cheers to the patient investors - unloved miners will regain their popularity based on earnings averaging above US $1700+

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