Eldorado Gold Corp. today reports its preliminary second quarter 2019 results. Preliminary Second Quarter 2019 Results Total gold production for the second quarter 2019 was 91,803 ounces and 174,780 ounces year to date. Production is on track to meet annual guidance of 390,000-420,000 ounces of gold. Commercial operations were declared at the Lamaque mine on March 31, 2019 and the first quarter of commercial operations [...]
Eldorado Gold Corp. today announced that the Toronto Stock Exchange has accepted for filing the Company’s Notice in respect of a normal course issuer bid to be transacted through the facilities of the TSX and also through alternate Canadian trading systems. Pursuant to the NCIB, Eldorado may purchase up to 1,450,000 of its common shares representing approximately 0.9% of the total 158,805,581 Shares of the Company [...]
Eldorado Gold Corp. provides the following updates. Q2 2019 Financial and Operational Results Eldorado Gold will release its Q2 2019 Financial and Operational Results after market closes on Thursday, August 1, 2019 and will host a conference call on Friday, August 2, 2019 at 11:30am ET . The call will be webcast and be accessed at Eldorado Gold’s website: www.eldoradogold.com, or via [...]
Eldorado Gold Corp. today announces it has completed its offering of US$300 million aggregate principal amount of 9.5% senior second lien notes due 2024 and its previously announced US$450 million amended and restated senior secured credit facility . Eldorado will use the net proceeds from the sale of the Notes and US$200 million in term loan proceeds drawn under the Facility, together with cash on hand, to redeem its [...]
Eldorado Gold Corp. is pleased to announce that it has priced its offering of US$300 million aggregate principal amount of 9.5% senior secured second lien notes due 2024 , which will be offered at 98% of par. The settlement date for the issue of the Notes is expected to be on or about June 5, 2019. Eldorado intends to use the net proceeds from the sale of the Notes, together with term loan proceeds incurred under its new [...]
Eldorado Gold Corp. is pleased to announce that, further to the Company’s press release of earlier today entitled “Eldorado Gold Announces New Senior Secured Credit Facility”, the Company and its syndicate of lenders have now fully executed a US$450 million amended and restated senior secured credit agreement in respect of a US$450 million Senior Secured Credit Facility . The Facility will replace the [...]
Eldorado Gold Corp. is pleased to announce that the Company intends to offer up to US$300 million aggregate principal amount of senior secured second lien notes due 2024 , subject to market and other conditions. The interest rate and other terms of the Notes will be determined based on prevailing market conditions. Eldorado intends to use the net proceeds of the Notes, together with term loan proceeds incurred under a new [...]
Eldorado Gold Corp. is pleased to announce that the Company has received commitments from a syndicate of lenders for a US$450 million Senior Secured Credit Facility . The Facility consists of a US$200 million term loan and a US$250 million revolving credit facility . The Facility will replace the existing revolving credit facility established by HSBC Bank Canada and certain other lenders. The Facility is subject to [...]
Eldorado Gold Corp. is pleased to announce that all director nominees, as listed in the Management Proxy Circular dated March 18, 2019, were elected as directors of Eldorado at the Company’s Annual Meeting of Shareholders held on May 2, 2019 in Vancouver, British Columbia. Election of Directors Directors Votes For Votes Withheld Outcome George Albino 73,038,400 1,707,107 Elected 97.72 % 2.28 % George Burns [...]
Eldorado Gold Corp. today reports the Company’s financial and operational results for the first quarter of 2019. Q1 2019 production on plan and reiterating 2019 guidance: Gold production totaled 82,977 ounces in Q1 2019 including 19,678 ounces of pre-commercial production from Lamaque. Q1 2019 gold production was on plan and the Company is reiterating its full year production and cost guidance. Despite lower than [...]
Eldorado Gold Corp., is pleased to announce that as of April 1, 2019, mining, crushing and placing of ore on the Kisladag heap leach pad has resumed. This follows the Company’s announcement on January 30, 2019 that it would resume full operations at Kisladag. Further testwork is underway to determine the effects of a 250 day leach cycles on deeper material, the results of which are expected to be available in late [...]
Eldorado Gold Corp., is pleased to announce that it has achieved commercial production at its wholly owned Lamaque mine in Quebec as at March 31, 2019. Lamaque produces ore from the Triangle-deposit, which is then processed at the refurbished Sigma Mill. With an initial mine life of approximately seven years, Lamaque is forecast to produce 100,000-110,000 ounces of gold in 2019. Production is expected to increase to [...]
