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 production in Q3 2025 and commerical 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
- 1st overall in the materials sector in the Globe & Mail’s 2023 Board Games
- Utilize dry stack tailings technology
- Leading management practices
– Independent tailings review board
– Routine 3rd party inspections of reviewable structures
Attractive Valuation
- Advancing high-quality Greek assets creates re-rating potential
- Delivering on Skouries
- 45% gold production growth over next four years
- Lowering AISC and increasing margins
- Expecting significant free cash flow with productivity improvements at operating assets and Skouries delivery
- Shareholder returns and debt reduction with Skouries delivery
Financial Position
- Cash, cash equvialents, and term deposits of ~C$515M as of 31 March 2024
- Continue to focus on maintaining a solid financial position which provides flexibility to respond to opportunities and unlock value across the business
- Zero cost collars protect cash flow during Skouries construction
- Leverage to copper production and higher metal prices
