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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 Jan 19, 2022 3:27pm
82 Views
Post# 34334322

RE:RE:Price gain?

RE:RE:Price gain?I believe that there are a number of reasons why mining stocks are higher;
S&P/ TSX (- 47.65), Dow Jones (- 146.5) , S&P 500 (-8.4) and Nasdaq ( -27.0) all Down today.

Gold futures are up $1842.93 US; thats $29.19 US or 1.62%

Gold stocks are up; Example : Barrick up 8.4%; Agnico Eagle 8.0%; Eldorado is up 7.2%

Silver stocks are even higher: Example Endeavour Silver 11.4%; First Majestic silver 12.9%

WHY?
1) Inflation fears fuel strong rallies in gold, silver
2) Risk aversion is somewhat heightened at mid-week. The Biden Administration said it thinks Russia may be on the brink of invading Ukraine. North Korea is test-firing missiles again, and terrorists attacked the United Arab Emirates with drones a few days ago.
3) Gold is (was) being suppressed by a combination of the JPMorgan/ Hedgies and has gone from being 'unloved' to a reconsideration for many who realize that the economic reality is that things are not really as they seem and if left unchecked, we are heading towards a recession where NO One really wins
btw Jim Wickoff expands on this well... copy / paste:

https://www.kitco.com/news/2022-01-19/Inflation-fears-fuel-strong-rallies-in-gold-silver.html
Cheers to the patient investors as we hopefully find a more reasonable level for gold miner valuations.






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