Eldorado Gold Corp T.ELD

ELD Results of Skouries Project Feasibility Study out

[CatamaranFund]

Cheers to the patient investors and Seasons Greetings!

Feasibility Study Highlights1

• Robust Economics:
  • 19% after-tax Internal Rate of Return (“IRR”) and $1.3 billion after-tax Net Present Value (“NPV”) (5%), based on long-term prices of $1,500 per ounce (“oz”) gold and $3.85 per pound copper.
  • IRR of 24% and NPV (5%) of $1.8 billion using approximate spot prices of $1,800 per oz gold and $4.25 per pound copper.
• 2.9 million ounce Life of Mine (“LOM”) gold production
  • Average annual production of 140,000 oz of gold and 67 million pounds of copper (approximately 312,000 oz gold equivalent) over a 20-year mine life.
  • Average annual gold production of 182,000 oz in the first 5 years of production.
• Negative cash operating cost of $(368) per oz sold over the LOM.
• Negative All-In Sustaining Costs (“AISC”) of $(17) per oz sold over the LOM.
• Initial capital costs to complete the Skouries project of $845 million, an increase of 23% over the March 2018 Pre-Feasibility Study1 (“PFS”), primarily related to increased input prices, scope change related to water management and an enhanced execution plan.

(1)   PFS filed as a technical report in March 2018 titled “Technical Report, Skouries Project, Greece” with an effective date of January 1, 2018.
“The completion of the Skouries FS is an important milestone for the Company. The results of the study reflect the robust economics of this world-class asset that will support our growth strategy,” said George Burns, Eldorado’s President and CEO. “Eldorado is looking forward to expanding our production profile at the Kassandra Mines and developing this region as a cornerstone for the Company.”
To read more:
https://www.globenewswire.com/news-release/2021/12/15/2353136/0/en/Eldorado-Gold-Announces-Results-of-Skouries-Project-Feasibility-Study-After-Tax-NPV-of-US-1-3-Billion-and-IRR-of-19.html

[Nicksonsnowboar]

Cat sorry to say that the data at this point in time have not been well received people are avoiding ego like the plague. Not gold stocks just ego. As a long you gotta be frustrated. There is a good possibility that it may go negative today . If that occurs new lows to follow. Well let's see we're it ends up I am still holding to at least to days end. 

[kkkrrr]

in the medium term thngs looks much better now ... free cashflow from 450000 oz .a. production , good cash position , low debt ....   not the a bad situation....

[kkkrrr]

look, ELD is sitting at about 400 million USD cash, has an 250 million USD revolver credit line + good free cashflow ...   Lamaque is growing, Kisladaq will produce another 15-20 years ,  Toco is sold (no further waste of money there) , Perama Hill is an good low-cost-project ...   including Skouries they will produce 600000-700000 oz p.a. for many years...  i like

[goldsucks]

Credit Suisse just kept their underperform rating for ELD.......i guess institutions don't like ELD/news as much as retail do. They don't like higher capex. Didn't care much for anything else. 

[Volkomm]

Problem is that ELD can never execute. How this leadership team hasn't been swept out is beyond me. Getting paid way over industry standard and probably one of the lowest performing companies.  I bought into this good news story years ago and still holding the bag. Honestly I'm just hoping for a buy-out to get half my money back. I've got a better chance of winning the lottery

[kkkrrr]

i think otherwise ... Lamaque does well since mining started (growing operation) , Kisladaq hap roblems but they worked on it and now its an profitable operation again , Efemkukuru , is a good low cost operation without big issues since years ...   Olympias is the only underpermorming asset and they will fix the problems there ...    ..Perama Hill, Certej + Skouries are good

[Singoa58]

But they pay themselves extremely well when some should go to shareholders in a form of a divy  stay far away imo great short