A mid-tier gold and base metals producer with mining, development, and exploration operations in Türkiye, Canada, and Greece
Stock Code:
TSX:ELD, NYSE:EGO
Company Exposure:
Gold
Project Locations:
Türkiye, Canada, Greece
Eldorado Gold is a mid-tier gold and base metals producer with mining, development, and exploration operations in Türkiye, Canada, and Greece. The company’s activities involve all facets of mining, including exploration, development, production, reclamation, and rehabilitation. Our vision is to build a safe, sustainable and high-quality business in the gold mining sector, creating value today and for future generations.
Investment Highlights
Pipeline of Strategic Growth Projects
- SKOURIES: In full construction, ~140Koz average annual gold production forecast, first gold production expected in Q3 2025 and commercial production expected at end of 2025
- KIŞLADAĞ: Increase throughput and recovery
- LAMAQUE COMPLEX: Ormaque reserve, exploration upside from nearby targets
Focused on ESG
- Globe & Mail’s Top 30: Road to Net Zero in 2023
- Diversity/inclusion, adherence to WGC Conflict Free Gold Standards
- Utilize dry stack tailings technology
Attractive Valuation
- Advancing high-quality Greek assets creates re-rating potential
- 45% gold production growth over next four years from 2023 levels
- Lowering AISC and increasing margins
Financial Position
- Cash, cash equivalents, and term deposits of ~C$677M as of 30 September 2024
- Leverage to copper production and higher metal prices
