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Eldorado Gold Corp (ELD.TO)

ELD.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Eldorado Gold sees 2017 gold production of 375,000 oz to 420,000 oz
Wednesday, 7 Sep 2016 06:55am EDT 

Eldorado Gold Corp : Eldorado provides updated outlook . Expects to produce between 310,000 - 320,000 ounces of gold per year through 2020 at average cash costs of $490/ ounce in Turkey . Says over $1 billion in total liquidity expected for year-end 2016 . Sees 2017 total gold production 375,000 - 420,000 oz . Sees 2017 total cash costs of $450 - $500/oz . Capital investments remains prudent, and funds are currently being allocated to internal growth pipeline . Sees 2017 total capital budget $500-580 million . Says gold production is expected to increase by 110% over 2017 totals to over 830,000 ounces in 2020 .Sees all-in sustaining cash costs to decline to under $650 per ounce as part of 2020 targets.  Full Article

Eldorado announces new exploration projects in Romania, Serbia, Brazil
Monday, 22 Aug 2016 02:53pm EDT 

Eldorado Gold Corp : Eldorado announces new exploration projects in Romania, Serbia and Brazil . Borborema and Nazareno gold projects in Brazil will be explored under an option agreement with Votorantim Metais .On July 26, co signed agreements with Votorantim Metais granting co option to buy up to 70 pct ownership in Borborema, Nazareno license areas.  Full Article

Eldorado Q2 adj EPS $0.01
Thursday, 28 Jul 2016 05:10pm EDT 

Eldorado Gold Corp : Qtrly gold production of 124,110 ounces . Expecting to produce a total of 570,000 ounces of gold at all in sustaining cash costs of $930 per ounce and cash costs of $595 per ounce for fy 2016 . Qtrly gold production of 124,110 ounces . Production is expected to increase throughout remainder of year as leach cycles benefit from lower lifts placed on new leach pad cells . Eldorado reports second quarter 2016 results . Q2 adjusted earnings per share $0.01 . Q2 loss per share $0.46 . Q2 earnings per share view $0.01 -- Thomson Reuters I/B/E/S .Qtrly all-in sustaining cash costs averaged $933 per ounce.  Full Article

Eldorado Gold to sell White Mountain, Tanjianshan Mines, Eastern Dragon Development Project for $600 mln
Monday, 16 May 2016 10:51am EDT 

Eldorado Gold Corp : Eldorado announces agreement to sell White Mountain and Tanjianshan Mines and Eastern Dragon Development Project . Deal for $600 million . Agreement provides for an RMB equivalent US$30 million deposit to be paid by purchaser and forfeited under certain circumstances . Intends to redeploy net proceeds from disposition of its chinese assets to continue to grow its business based on long lived, low cost assets . Transaction is expected to close in third to Q4 2016 . Following close, intends to redeploy net proceeds from disposition of chinese assets to continue to grow business . Agreement provides for a reverse break-fee of $30 million payable by Eldorado to purchaser under certain circumstances . BMO Capital Markets and Cutfield Freeman & Co are acting as financial advisors .To sell interest in White Mountain and Tanjianshan Mines and Eastern Dragon Development Project to affiliate of Yintai Resources Co.  Full Article

Eldorado Gold Q1 revenue $ 164.1 million
Wednesday, 11 May 2016 05:12pm EDT 

Eldorado Gold Corp : Qtrly gold production 140,989 ounces versus 189,414 ounces last year . Qtrly all-in sustaining cash costs averaged of $886 per ounce versus $729 per ounce last year . Eldorado gold corp qtrly gold revenues were $160.0 million on sales of 133,467 ounces of gold . Remain on track to achieve guidance for year . Fy2016 earnings per share view $0.00, revenue view $757.2 million -- Thomson Reuters I/B/E/S . Q1 revenue $ 164.1 million versus $238.3 million . Eldorado reports first quarter 2016 results . Q1 adjusted earnings per share $0.00 .Q1 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S.  Full Article

Eldorado Gold Corp suspends semi-annual dividend
Wednesday, 23 Mar 2016 06:04pm EDT 

Eldorado Gold Corp:Says suspending cash payment of its semi-annual dividend payment effective the first quarter of 2016.  Full Article

Eldorado Gold Corp gives FY 2016 production guidance
Sunday, 24 Jan 2016 11:00pm EST 

Eldorado Gold Corp:Expects FY 2016 forecast gold production estimated to be 565,000-630,000 ounces of gold.  Full Article

Eldorado Gold Corp says suspension of mining in Greece will cost 600 jobs - Reuters
Monday, 11 Jan 2016 09:47pm EST 

Eldorado Gold Corp:Eldorado Gold ELD.TO expects that the suspension of much of its mine activities in Greece after confrontation with the country's leftist-led government will cost more than 600 jobs, its chief executive said on Tuesday. - RTRS.Eldorado has said it would suspend construction at its Skouries project in northern Greece, warning that it would do the same at its Olympias project if it did not receive a permit by the end of March - RTRS."Our investment is treated as a political toy, we never anticipated this," CEO Paul Wright told reporters in Athens. He will meet with leaders of political parties and Energy Minister Panos Skourletis in the next days. - RTRS.Wright said the treatment of Eldorado by the Greek government would be seen as a litmus test by other potential investors in the country - RTRS.  Full Article

Greek energy ministry calls on Eldorado Gold Corp to allow staff back to work - Reuters
Sunday, 27 Sep 2015 08:00pm EDT 

Eldorado Gold Corp:Greece's newly appointed government has called on Eldorado Gold to allow most of the workers at its Greek gold mine to return to work, the energy ministry said on Monday - Reuters.Greece last month revoked Eldorado's permit to develop a mine in the northern region of Halkidiki, seen as one of the top foreign investments in the country, saying the company had violated contractual terms - Reuters.Eldorado then suspended its operations at the mine and temporarily laid off most of its 1,300 workers - Reuters.Energy Minister Panos Skourletis, who returned to his ministerial post after the Sept. 20 national election, on Monday met officials from Eldorado's Greek unit Hellas Gold and labour union representatives to discuss the issue - Reuters.  Full Article

Greek court postpones ruling over Eldorado Gold Corp mine closure - Reuters
Monday, 14 Sep 2015 08:00pm EDT 

Eldorado Gold Corp:Greece's top administrative court postponed until after Sunday's national election a decision over a disputed goldmine project in the northeast of the country run by Canada's Eldorado Gold ELD.TO, court officials said on Tuesday - Reuters.Greece's former leftist government last month halted the $1 billion project in Halkidiki, one of the biggest foreign investments in the country, arguing that the company had violated environmental safety guidelines - Reuters.Eldorado's subsidiary in Greece, Hellas Gold, and its trade unions appealed to the Council of State, asking for the energy ministry's decision to be suspended until a final ruling was issued - Reuters.The court will discuss whether to cancel the ministerial decision to recall Eldorado's permit on Oct. 2, the officials said - Reuters.  Full Article

BRIEF-Eldorado reports third quarter 2016 results

* Q3 earnings per share view $0.03 -- Thomson Reuters I/B/E/S