Eldorado Gold Corp T.ELD

Alternate Symbol(s): EGO

Metals & Mining Gold

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.

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Eldorado Gold Corp

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Post by Value2020on Nov 25, 2022 6:45am

183 Views

Post# 35127539

MJS.V Detailed Fact Sheet for Review

Market Cap: 88.63 Million

Cash Position: 43.30 Million
Total Debt: 0

2022 Net Income 6 months: 11.30 Million

Mine In Productin Since 2011
Mine License extened for 10 years Till 2031.
First Licensed for 5 year till 2016, Second extension 5 year till 2021, Latest extension 10 year till 2031. No Regional or Regularity Risk.
Mine life till 2043 (21 More Years) so 1 more extension will be needed. History shows this will be routine.
Governmental Safety Inspections completed in August 12, 2021. No remaining risk.
Total cash costs are $654/ounce. Gold trading at $1755/ounce

The financial summary for 2 most recent quarters:

June 30, 2022
Revenue: $16,438,676
Net income (loss): $5,844,799
Income per share: 0.01

March 31, 2022
Revenue: $16,966,985
Net income (loss): $5,417,860
Income per share: 0.01

Shandong Mining trading at 25 times Net Income. Majestic Market Cap Calculation as per Peers