Eldorado Gold Corp Ltd (EGO) ニュース

Yes sir! We think alike. Easy money for foreseeable future imho!

EGO new 52 high

Great day here! Lot's of folks are having great days today... :)

I can agree with this. I've been at this for some time. I'm going to continue following the technicals.

I think silver is mispriced relative to gold. And I'm placing my bets accordingly.

Hope you do well here and that I do better elsewhere.

ROI!

Precious metals are undervalued -- and mines are way undervalued now. It's the middle of spring. Buying as much as I can.

I had to take profits. The bullish % chart might turn over here. Monitoring.

EGO new 52 hi

gold rising fast while US dollar is rising fast??? strong move for gold, IMHO.

EGO new 52 hi

Entry position this morning. Will add sub $9.30.

I think this looks good. I am in.

Simple Math says $50,000 to $87,500 Gold Price – Jim Sinclair -


https://usawatchdog.com/simple-math-says-50000-to-87500-gold-price-jim-sinclair/

https://ih.advfn.com/stock-market/NYSE/eldorado-gold-EGO/stock-news/86403064/eldorado-gold-eps-beats-by-0-03-misses-on-revenu

Which $2.5 putts should we be selling?

Eldorado Gold Announces First Quarter 2021 Preliminary Production Results
and Conference Call Details
Apr 12, 2021
Download this Press Release (PDF 133 KB)
VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) --


Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to
announce first quarter 2021 preliminary gold production of 111,742 ounces,
in-line with the Company’s 2021 annual guidance of between 430,000 and
460,000 ounces of gold.

Individual mine gold production is shown in the table below.

Q1 2021 Preliminary Gold Production

https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2021/Eldorado-Gold-Announces-First-Quarter-2021-Preliminary-Production-Results-and-Conference-Call-Details/default.aspx

https://www.eldoradogold.com/news-and-media/default.aspx

https://www.eldoradogold.com

In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif



Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

Eldorado Gold Completes Acquisition of QMX Gold
Apr 07, 2021
Download this Press Release (PDF)
VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) --

Eldorado Gold Corporation (TSX: ELD; NYSE: EGO) (“Eldorado” or “the Company”) and QMX Gold Corporation (TSX-V: QMX) (“QMX”) are pleased to announce the successful acquisition by Eldorado of all of the outstanding common shares (the “QMX Shares”) in the capital of QMX not already owned by Eldorado, by way of a statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario) (the “Arrangement”). The Arrangement became effective at 12:01 a.m. (Eastern Time) on April 7, 2021 (the “Effective Time”) resulting in QMX becoming a wholly-owned subsidiary of Eldorado.

https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2021/Eldorado-Gold-Completes-Acquisition-of-QMX-Gold/default.aspx

“We are very pleased to complete the acquisition of QMX, which significantly increases Eldorado’s position in the Abitibi Greenstone Belt and is consistent with our strategy to invest in world-class mining jurisdictions. Eldorado is a committed partner for mining in Quebec, with exploration and operational success across our Lamaque operations. The addition of QMX to our portfolio opens a range of opportunities to expand our activities in the region and to leverage our existing infrastructure and Eldorado’s strong operational, exploration and stakeholder expertise,” said George Burns, Eldorado’s President and Chief Executive Officer.

Completion of the Arrangement

Under the terms of the Arrangement, each holder of QMX Shares is entitled to receive, for each QMX Share held immediately prior to the Effective Time, (i) C$0.075 in cash and (ii) 0.01523 of a common share (the “Eldorado Shares”) in the capital of Eldorado (together, the “Arrangement Consideration”), for total consideration of C$0.30 per QMX Share (based on the closing price of the Eldorado Shares on January 20, 2021).

With QMX now a wholly-owned subsidiary of the Company, Eldorado intends to de-list the QMX Shares from the TSX Venture Exchange as soon as practicable. Eldorado also intends to submit an application to the applicable securities regulators to have QMX cease to be a reporting issuer and terminate its public reporting obligations. Prior to the completion of the Arrangement, Eldorado owned, directly or indirectly, or exercised control or direction over, 68,125,000 QMX Shares representing approximately 15.55% of the issued and outstanding QMX Shares prior to the completion of the Arrangement.

Information for Former QMX Shareholders

In order to receive the Arrangement Consideration in exchange for QMX Shares, registered shareholders of QMX must complete, sign, date and return the letter of transmittal that was mailed to each QMX shareholder prior to the Effective Time. The letter of transmittal is also available under QMX’s profile on SEDAR at www.sedar.com.

For those shareholders of QMX whose QMX Shares are registered in the name of a broker, investment dealer, bank, trust company, trust or other intermediary or nominee, they should contact such nominee for assistance in depositing their QMX Shares and should follow the instructions of such intermediary or nominee.

Warrants and Options

Pursuant to the Arrangement, each QMX stock option (each, a “QMX Option”) outstanding immediately prior to the Effective Time automatically vested and was immediately cancelled in exchange for a cash payment equal to the excess, if any, of: (i) the product of the number of QMX Shares underlying such QMX Options and C$0.30; over (ii) the applicable aggregate exercise price of such QMX Options. All QMX warrants (each, a “QMX Warrant”) outstanding immediately prior to the Effective Time will remain outstanding and, following the Effective Time, each QMX Warrant shall entitle the holder thereof to receive, upon exercise, the Arrangement Consideration in lieu of a QMX Share.

Additional Information

Full details of the Arrangement are set out in the arrangement agreement dated January 20, 2021 between Eldorado and QMX, which has been filed by QMX under its profile on SEDAR at www.sedar.com. In addition, further information regarding the Arrangement is contained in QMX’s management information circular dated February 9, 2021 (the “Circular”) prepared in connection with the special meeting of the QMX shareholders held on March 23, 2021 and filed on www.sedar.com. All shareholders are urged to read the Circular as it contains additional important information concerning the Arrangement.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado Shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

About QMX

QMX is a Canadian based resource company. QMX is systematically exploring its extensive property position in the Val d’Or mining camp in the Abitibi District of Quebec. QMX is currently drilling in the Val d’Or East portion of its land package focused on the Bonnefond Deposit and in the Bourlamaque Batholith. In addition to its extensive land package QMX owns the strategically located Aurbel gold mill and tailings facility.

Contacts

Investor Relations
Jeff Wilhoit, Interim Head of Investor Relations
604.376.1548 or 1.888.353.8166 jeff.wilhoit@eldoradogold.com

Media
Louise Burgess, Director Communications & Government Relations
604.616.2296 or 1.888.363.8166 louise.burgess@eldoradogold.com

Eldorado and QMX Head Office
1188 Bentall 5, 550 Burrard Street
Vancouver, BC V6C 2B5

Cautionary Note About Forward-Looking Statements and Information

Certain of the statements made and information provided in this press release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as “intend”, “opportunity” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to: opportunities to further Eldorado’s operating activities in Quebec; de-listing the QMX Shares from the TSX Venture Exchange; and submitting an application to have QMX cease to be a reporting issuer. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

We have made certain assumptions about the forward-looking statements and information, including assumptions about: how the world-wide economic and social impact of COVID-19 is managed and the duration and extent of the COVID-19 pandemic; timing and cost of construction and exploration; the geopolitical, economic, permitting and legal climate that we operate in; the future price of gold and other commodities; the global concentrate market; exchange rates; anticipated costs, expenses and working capital requirements; production, mineral reserves and resources and metallurgical recoveries; the impact of acquisitions, dispositions, suspensions or delays on our business; and the ability to achieve our goals. In particular, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release.

Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others: global outbreaks of infectious diseases, including COVID-19; timing and cost of construction, and the associated benefits; recoveries of gold and other metals; geopolitical and economic climate (global and local), risks related to mineral tenure and permits; gold and other commodity price volatility; information technology systems risks; continued softening of the global concentrate market; risks regarding potential and pending litigation and arbitration proceedings relating to our business, properties and operations; expected impact on reserves and the carrying value; the updating of the reserve and resource models and life of mine plans; mining operational and development risk; financing risks; regulatory risks and liabilities including environmental regulatory restrictions and liability; discrepancies between actual and estimated production; mineral reserves and resources and metallurgical testing and recoveries; additional funding requirements; currency fluctuations; community and non-governmental organization actions; speculative nature of gold exploration; dilution; share price volatility and the price of our common shares; competition; loss of key employees; and defective title to mineral claims or properties, as well as those risk factors discussed in the sections titled “Forward-Looking Statements” and “Risk factors in our business” in the Company’s most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form filed on SEDAR and EDGAR under our Company name, which discussion is incorporated by reference in this release, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.

The inclusion of forward-looking statements and information is designed to help you understand management’s current views of our near- and longer-term prospects, and it may not be appropriate for other purposes.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


https://www.eldoradogold.com/news-and-media/news-releases/press-release-details/2021/Eldorado-Gold-Completes-Acquisition-of-QMX-Gold/default.aspx

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In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

EGO up 1.5% so far on this down day for gold.

Eldorado Gold reports more than 1000% increase in free cash flow in Q2
Neils Christensen Neils Christensen
Friday July 31, 2020 08:25
Kitco NewsShare this article:
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(Kitco News) - The global COVID-19 pandemic did not have a material impact on Eldorado Gold as the company reported strong earnings in the second quarter, driven by higher production and rising gold prices.

Thursday, Eldorado announced net earnings were $45.6 million or $0.27 per share, up compared to net earnings of $12.2 million, or $0.08 per share reported in the second quarter of 2019.

Meanwhile, adjusted net earnings came in at $43.8 million, or $0.26 per share, up from an adjusted net loss of $3.5 million, or $0.02 loss per share reported last year. The earnings beat analysts' expectations.


"Our outstanding operational performance during the quarter positions us to continue to generate significant value for our stakeholders. Even while managing COVID-19, we achieved strong quarterly production while seeing lower all-in sustaining costs," said George Burns, president and CEO.

The higher gold price and substantial production numbers helped the company generate significant free cash flow. Eldorado reported free cash flow of $63.4 million for the second quarter, up significantly from $4.8 million during the same quarter last year.

The company said that gold production between April and June totaled 137,782, an increase of 50% from Q2 2019 production of 91,803 ounces, and a 19% increase over Q1 2020. The company said that it is maintaining its 2020 annual guidance of 520,000-550,000 ounces of gold at an all-in sustaining cost of $850-950 per ounce sold.

Along with higher production, Eldorado also reported lower costs. The company reported all-in sustaining costs of $859 per ounce of gold sold in the quarter, down compared to AISC of $917 per ounce sold last year.

"Our teams continue to show agility in addressing COVID-19 and we have begun to integrate innovative new technologies to protect our workforce," said Burns.

The higher gold price and strong production numbers helped the company generate significant free cash flow. Eldorado reported free cash flow of $63.4 million for the second quarter, up significantly from $4.8 million during the same quarter last year.

By Neils Christensen
For Kitco News

Everywhere True Gold Price Is $87,500 Per Ounce -






In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA.

Its a long bull hike back UP MOVE ON ^ ^ ^ ^

kpisme thanks, Good things come to those who CAN WAIT. Well said.
Eldorado has more AU gold mines & mother lode hard rock assets
currently than in 2012 and history often repeat itself -
I am not selling anything bellow $100/sh )


Eldorado Gold powers through Q2
Michael McCrae Michael McCrae
Saturday July 11, 2020 13:35
Kitco NewsShare this article:


Despite COVID-19 disruption in Q2 at many mines worldwide, Eldorado Gold (TSE:ELD) reported production gains this week during the quarter.

Preliminary production was 137,782 ounces of gold, a 50% increase over Q2 2019.

Gold output even beat the last quarter, which hit 115,950 ounces.

Gold production at Kisladag increased by 130% over Q2 2019, and 19% over Q1 2020. Increased production in Q2 2020 was due to higher grade and tonnes of stacked ore and increased solution grades due to drier weather in June. Gold bearing solution levels remain high and are expected to decrease over the summer months, which will allow for processing of the gold currently in solution


Production at Olympias increased by 159% over Q2 2019 and 18% over Q1 2020. This reflects the work completed at Olympias over the past year to increase underground development and backfilling, which has resulted in increased tonnes processed.

Production at Efemcukuru for Q2 2020 was slightly higher than Q1 2020 due to higher grades processed during the quarter.

Operations at Lamaque resumed on April 15, 2020 following a three-week mandated shutdown by the government of Quebec to address the COVID-19 pandemic. Production was higher in Q2 2020 compared to Q1 2020 due to higher grades and an increase in tonnes mined per day enabled by the recently received Certificate of Authorization from the Quebec Ministry of Environment.

By Michael McCrae
For Kitco News

Its a long bull hike back UP MOVE ON ^ ^ ^ ^

kpisme thanks, Good things come to those who CAN WAIT. Well said.
Eldorado has more AU gold mines & mother lode hard rock assets
currently than in 2012 and history often repeat itself -
I am not selling anything bellow $100/sh )




Gold & Silver bulls starting to break out > ^ > ^ > ^







In GOD We Trust - Real Money -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

Still waiting on Banro, no doubt.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136192275


EGO strong

Good things come to those who CAN WAIT.

Eldorado Gold powers through Q2
Michael McCrae Michael McCrae
Saturday July 11, 2020 13:35
Kitco NewsShare this article:


Despite COVID-19 disruption in Q2 at many mines worldwide, Eldorado Gold (TSE:ELD) reported production gains this week during the quarter.

Preliminary production was 137,782 ounces of gold, a 50% increase over Q2 2019.

Gold output even beat the last quarter, which hit 115,950 ounces.

Gold production at Kisladag increased by 130% over Q2 2019, and 19% over Q1 2020. Increased production in Q2 2020 was due to higher grade and tonnes of stacked ore and increased solution grades due to drier weather in June. Gold bearing solution levels remain high and are expected to decrease over the summer months, which will allow for processing of the gold currently in solution


Production at Olympias increased by 159% over Q2 2019 and 18% over Q1 2020. This reflects the work completed at Olympias over the past year to increase underground development and backfilling, which has resulted in increased tonnes processed.

Production at Efemcukuru for Q2 2020 was slightly higher than Q1 2020 due to higher grades processed during the quarter.

Operations at Lamaque resumed on April 15, 2020 following a three-week mandated shutdown by the government of Quebec to address the COVID-19 pandemic. Production was higher in Q2 2020 compared to Q1 2020 due to higher grades and an increase in tonnes mined per day enabled by the recently received Certificate of Authorization from the Quebec Ministry of Environment.

By Michael McCrae
For Kitco News

Its a long bull hike back UP MOVE ON ^ ^ ^ ^

Good thing they did that RS or they would be pushing sub penny!

Gold goes up this POS goes down lmao

* * $EGO Video Chart 02-24-2020 * *

Link to Video - click here to watch the technical chart video

Yesséeerrr

Wow....very nice

Correction (NYSE - EGO)



Whilst yes they have already doubled it appears OBVIOUS -

That if her $10 buck level can get broken out, she ought to just keep on heading higher


Worth keeping an eye on - Don't let me forget




Did they recently report good earnings (Feb 20th) with this as the backdrop ?








How many oz/yr at what overall AISC ?





Might be a takeover target if sound enuf

Eldorado claims discovery at Lamaque -
Eldorado Gold (TSX: ELD) has found a new high-grade gold mineralisation
zone at its Lamaque operations near Val d’Or as it highlighted a
commitment to building value from its growing asset base in Quebec.



Eldorado claims discovery at Lamaque
The location of Eldorado’s Ormaque discovery at Lamaque in Quebec
Exploration / Development > Discovery16 January 2020 CommentsShare
Staff Reporter

The company said it had received assays including
27.3m at 10.2g/t gold and
16.25m at 25.53g/t from seven of the 13 holes drilled
at the Ormaque zone, a previously undrilled area
midway between the historically mined Sigma and
actively mined Triangle deposits.

Eldorado said it had delayed a preliminary economic assessment
update for Lamaque to incorporate the Ormaque zone,
which is close to a proposed 2.8km transportation decline
to link Triangle and the Sigma mill.

President and CEO George Burns said the discovery confirmed "the tremendous potential we see at Lamaque" and pointed out the company had increased its exposure to early-stage exploration in the eastern Abitibi.

Eldorado last month made a C$4 million investment to take
a 19.99% stake in QMX Gold, which has land north and east
of Lamaque, and executed an option agreement to earn up to
an initial 75% of Sparton Resources' Bruell project
35km east of Lamaque.

Eldorado also has operations in Brazil, Turkey, Greece and
Romania and said this week's its 2019 preliminary production
of 395,331 ounces of gold met its annual consolidated
production guidance.

It plans to release its full-year results on February 20.


The company also announced this week former Goldcorp executive
Joe Dick had been appointed EVP and COO to replace Paul Skayman,
who was retiring after almost 15 years with Eldorado.

The company's shares have soared over the past year,
from C$3.36 last January to $13.35 in September, as
the prospect of long-awaited permits for projects
in Greece eventuated with a change in government.

In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

Wow nice pop

* * $EGO Video Chart 02-21-2020 * *

Link to Video - click here to watch the technical chart video

Thanks Bob - Good eye (re QMX)

How DEEP are those grades there I wonder though.....
I know.....My job to check that out



Nope - Those volume bars aren't Eldorado's....because....Eldorado was a private placement






But.......I'm too busy drawing charts !......Just wondering whether you knew (their depth)






US Dollar - DXY 97





1 week ago

The Big Picture





Gold was at $1800 in 2012 & The Canadian Dollar was at Par





Any kind of move towards 97 from here ?.....Could perhaps start sending gold towards 18 again !







And gold stocks (further) thru the roof.

QMX hits high grades at River
Canadian Mining Journal Staff |
January 30, 2020 | 12:26 pm Exploration Canada Gold


Drill core. Image by QMX Gold.

QMX Gold has announced results of the first three holes completed
on the River target on the western side of the company’s
project in Val d’Or, Quebec.

Drill highlights include:

2 metres of 39.83 g/t gold;
4 metres of 17.71 g/t gold; and
2.9 metres of 7.76 g/t gold.

“We are delighted that we immediately achieved high-grade gold
intersections in the first three drill holes on our new River target,”
Andreas Rompel, the company’s vice president of exploration said in a
release.
“This gives us great optimism and encouragement to continue with our
structural target delineation in general and for the River target in
particular, where we anticipate establishing additional resources.”

Assays for four additional holes completed are pending.
QMX plans to complete additional drilling at River once modelling is
completed using the first batch of drill holes.

The River target is located approximately 1 km to the west of
the historic Lac Herbin-Dumont-Ferderber gold system and
was discovered in 2011.

In December, Eldorado Gold invested C$4 million in QMX,
giving it a 19.99% stake in the company;
QMX also holds a permitted mill and tailings facility at
its Quebec project.

A maiden resource for the Bonnefond deposit in the eastern portion of
the property was released in July: indicated resources currently
stand at 4.8 million tonnes grading 1.69 g/t gold for a
total of 258,700 oz. with additional inferred resources
of 2.4 million tonnes at 1.87 g/t gold for 145,100 oz.

Additional targets have been identified for follow-up within
the 200-sq.-km project.
QMX started drilling at the site in 2017.

(This article first appeared in the Canadian Mining Journal)

380 0
Share

https://www.mining.com/qmx-hits-high-grades-at-river/


In GOD We Trust -





https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

one of the top gold stocks to watch this week has been EGO. Consolidation isn't a bad thing as long as it's along with a longer-term uptrend.

Buy This Miner Today and Profit From Higher Gold in 2020
Matt Smith | December 31, 2019 | More on: EGO ELD

Gold barsImage source: Getty Images
After enduring a tough few years, gold miner Eldorado Gold (TSX:ELD)(NYSE:EGO) appears to have finally found its footing, soaring by 143% since the start of 2019 because of firmer gold prices and improved results. There are signs that Eldorado is poised to deliver further value for investors in 2020.

Growing gold production
The miner found itself struggling to survive at the start of 2019 as it battled to pivot its operations to southeastern Europe and gain appropriate permitting for the projects it owns in the region. There was also considerable risk associated with the commissioning of the Lamaque mine in Quebec, which was to become a sorely needed source of cash flow as Eldorado struggled to meet its financial obligations.

Nonetheless, Lamaque successfully commenced commercial production in April 2019. It has since experienced two successful quarters producing 32,000 gold ounces for the third quarter of 2019, which was more than double the 13,430 ounces for the same period in 2018.

That saw Eldorado’s total production rise by an impressive 20% year over year to 101,596 gold ounces, positioning the miner to fully benefit from higher gold prices and achieve its annual guidance of 390,000 to 400,000 gold ounces.

Importantly, Eldorado, after much wrangling, has been finally able to gain much needed permits for its Skouries and Olympias projects in Greece. That places it a position where it can start advancing those properties, which will eventually boost Eldorado’s gold reserves and production.

A combination of the successful start up of Lamaque, growing gold production and higher realized sale prices saw Eldorado’s earnings soar. For the third quarter the miner reported net income of US$3 million compared to a US$131 million loss a year earlier.

Eldorado remains a high-cost operator reporting all-in sustaining costs (AISCs) of US$1,031 per ounce mined for the third quarter, although that was 7% lower than a year earlier. The high AISCs can be attributed to increased spending on developing its assets, including higher sustaining costs, to boost gold production and reserves. Those ASICs should start to fall once Eldorado completes a range of projects under development at its operating mines.

Importantly, total cash costs for the third quarter fell significantly to be US$603 per ounce produced which was a whopping 21% lower than a year earlier. That combined with higher prices, with the yellow metal now trading at over US$1,522 per ounce, boosted Eldorado’s earnings. There is every indication that Eldorado’s earnings will continue to grow as it further ramps up operations at Lamaque, significantly bolstering its gold output.

The outlook for gold during 2020 remains positive. The yellow metal, after plunging to a one-year low of around US$1,269 per ounce in May 2019, has rallied strongly to now be trading at over US$1,520 per ounce because of renewed fears that a global recession is due. There are also growing concerns that the trade war between the U.S. and China won’t end favourably, triggering an economic downturn.

Weaker manufacturing activity in many major industrialized economies and softer than expected growth in the Eurozone has ratcheted up fears of a financial crisis occurring during 2020. Higher geopolitical risk has also bolstered gold, leading some pundits to speculate that it could break through US$1,600 an ounce during 2020, which would be a tremendous boon for Eldorado.

Foolish takeaway
Gold is perceived to be the ultimate safe haven asset and has a history of performing strongly during times of rising uncertainty, making gold miners like Eldorado an ideal means of hedging against an economic decline. After being roughly handled by the market because of weak operations and considerable uncertainty surrounding its assets, Eldorado appears to be on track to unlock considerable value for shareholders. Now is the time to buy.

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QMX Gold Corporation Announces $4 Million Investment by Eldorado Gold Corporation
V.QMX | 17 hours ago
TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) --

QMX Gold Corporation (“QMX” or the “Company”) (TSX-V:QMX) is pleased to announce that it has entered into a share purchase agreement with Eldorado Gold Corporation (“Eldorado”) whereby Eldorado will make a $4,087,500 strategic investment in QMX by way of a non-brokered private placement of common shares of QMX (the “Private Placement”).
As a result of the Private Placement, Eldorado’s holding in QMX will be 19.99% of QMX’s issued and outstanding common shares (the “Common Shares”) on an undiluted basis.

Highlights include:

Eldorado to invest $4,087,500 for 19.99% pro forma interest on an undiluted basis.
Eldorado will subscribe for 68,125,000 Common Shares at a price of $0.06 per Common Share under the Private Placement.
This transaction significantly strengthens QMX’s balance sheet as the Company works to expand its Bonnefond deposit and broadens its exploration programs to include other highly prospective targets across its nearly 200km2 property.
“QMX continues to return excellent results from its various projects across its extensive Val d’Or property demonstrating significant upside potential. Eldorado’s investment will allow us to continue to progress our projects creating shareholder value and validates QMX’s work completed to date,” commented Brad Humphrey, President and CEO of QMX Gold. “Additionally, we are extremely grateful that our project and QMX’s track record has attracted strong support from a company with an operating asset in the region, particularly in this challenging equity market environment.”

Under the terms of the share subscription agreement, Eldorado will subscribe for a total of 68,125,000 Common Shares at a price of $0.06 per Common Share (the “Subscription Price”) for gross proceeds of $4,087,500. The Subscription price represents approximately 9% premium to the closing price and 11% premium to the 20-day volume weighted average price of QMX on the TSX Venture Exchange as of December 18, 2019. No finders fees will be paid in connection with the Private Placement.

Upon closing of the Private Placement, Eldorado and the Company will enter into an investor rights agreement (the “Investor Rights Agreement”), which will grant to Eldorado certain rights for so long as Eldorado maintains certain percentage ownership of the Common Shares on an undiluted basis, including the following:

Eldorado will have the right to appoint one member to a newly created Technical Committee, which will be comprised of a total of three members, two of which will be from QMX management, and will have the purpose of reviewing and providing recommendations in an advisory capacity in respect of exploration activities on QMX’s Val d’Or property.

As long as Eldorado maintains its ownership above 15%, it will have the right to appoint one director to QMX’s Board of Directors. If Eldorado elects not to have a Board member, and its ownership is above 10% it will have the right to appoint one observer to attend meetings of the Board of Directors of QMX.

Eldorado will have the right to participate in future equity offerings by the Company. If Eldorado holds more than 10% of the total issued and outstanding Common Shares, Eldorado will be entitled to subscribe for securities equal to the number required to maintain the greater of 19.99% of QMX’s share capital and Eldorado’s pro rata ownership interest prior to the offering. If Eldorado holds more than 5% but less than 10% of the total issued and outstanding Common Shares, then Eldorado will be entitled to subscribe for securities equal to the number required to maintain Eldorado’s pro rata ownership interest prior to the offering.
The closing of the Private Placement is expected to occur on or about December 30, 2019 and is subject to all necessary regulatory approvals, including approval of the TSX Venture Exchange. The Common Shares issuable pursuant to the private placement will be subject to a statutory four-month hold period.

The Company intends to use the proceeds of the Private Placement for continued exploration in its Val d’Or land package and for general corporate purposes.

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/27c94ace-69b6-4f22-83b6-82783f5f8545

About QMX Gold Corporation

QMX Gold Corporation is a Canadian based resource company traded on the TSX Venture Exchange under the symbol “QMX”. The Company is systematically exploring its extensive property position in the Val d’Or mining camp in the Abitibi District of Quebec. QMX is currently drilling in the Val d’Or East portion of its land package focused on the Bonnefond plug and in and around the Bevcon Intrusive. In addition to its extensive land package QMX owns the strategically located Aurbel gold mill and tailings facility.

Contact Information:
Brad Humphrey Louis Baribeau
President and CEO Public Relations
Tel: (416) 861-5887 Tel: (514) 667-2304
Toll free: +1 877-717-3027 Email: info@qmxgold.ca Website: www.qmxgold.ca
Cautionary Note Regarding Forward-Looking Information:

This press release contains or may be deemed to contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the closing of the Private Placement, the terms and conditions of the Investor Rights Agreement, future plans, operations and activities, and the ability of the Company to continue as a going concern. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, its properties and/or its projects to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the disclosure documents of the Company filed under the Company’s profile on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Figure 1

QMX’s extensive and target-rich land package
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December 19, 2019 - 5:00 AM PST
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Eldorado takes 20% stake in QMX Gold
Canadian Mining Journal Staff | December 19, 2019 | 10:33 am Canada Gold

Eldorado begins commercial production at its first Canadian mine
Mill at Lamaque underground gold mine in Quebec.



QMX Gold announced a C$4 million share purchase agreement with Eldorado Gold which will give the producer a 19.99% stake in the company.

“QMX continues to return excellent results from its various projects across its extensive Val d’Or property, demonstrating significant upside potential. Eldorado’s investment will allow us to continue to progress our projects, creating shareholder value and validates QMX’s work completed to date,” Brad Humphrey, the company’s president and CEO said in the release.

The 68-million share non-brokered private placement will be done at C$0.06 per share, a 9% and 11% premium to the close and 20-day weighted average price of QMX shares respectively for proceeds of C$4 million.

Eldorado holds the Lamaque project in Quebec which started commercial production in April and is expected to produce 100,000 oz. to 110,000 oz. this year. It acquired the project in May 2017 for C$590 million from Integra Gold.

QMX holds 200 sq. km of holdings in Val d’Or with an indicated resource of 4.8 million tonnes at 1.69 g/t gold for a total of 258,700 oz. with an additional 2.4 million tonnes at 1.87 g/t gold inferred for a total of 145,100 oz. at the Bonnefond deposit. The company also holds the Aurbel mill in its portfolio.

(This article first appeared in the Canadian Mining Journal)

Eldorado Gold Releases Updated Reserve and Resource Statement
T.ELD |
VANCOUVER, British Columbia, Nov. 15, 2019 (GLOBE NEWSWIRE) --

Eldorado Gold Corporation (“Eldorado” or “the Company”) today releases its updated Reserve and Resource estimates as of September 30, 2019.

Highlights

Total Proven and Probable Reserves of 384 million tonnes at 1.32 grams per tonne gold containing 16.4 million ounces.1
Measured and Indicated Resources and Inferred Resources at Lamaque increased by 191,000 ounces of gold and 198,000 ounces of gold, respectively, while Proven and Probable Reserves increased by 19,000 ounces of gold.
Inferred Resources at the combined Perama Hill and Perama South projects increased by 758,000 ounces of gold.
Proven and Probable Reserves for Kisladag will be further updated in Q1 2020 concurrent with the completion of metallurgical testwork and an updated Kisladag mineral reserve (to be described in a new NI 43-101 Technical Report).
Reserves and Resources Update

The Company’s Proven and Probable gold Reserves totalled 16.4 million ounces as of September 30, 2019, compared to 16.9 million ounces as of September 30, 2018.

Thousand Ounces
Proven and Probable in-situ gold ounces as of September 30, 2018 16,937
Mined ounces including mining depletion during 20192 -468
Discovered ounces and converted resources during 2019 169
Decrease due to engineering and metallurgy -279
Proven and probable in-situ gold ounces as of September 30, 2019 16,359

The complete mineral Reserve and Resource data can be found at the end of this release and includes the data for tonnes, grades and ounces.

The three percent decrease in Proven and Probable Reserve ounces was primarily attributable to processed production. At Lamaque, the last twelve months included successful construction, commissioning and two quarters of solid operating results that have now been supplemented with an increase in Reserve ounces. The reduction at Efemcukuru was due to updated geotechnical information which required a more dilutive mining method. This affected the economics of some previously designed stopes, removing them from this year's reserves. Olympias also experienced a minor reduction, the result of mined production and readjustment of dilution assumptions in some parts of the orebody. The Perama South resource increase resulted from an updated interpretation of the hosting geology and mineralized horizon. Perama Hill and Perama South Reserve and Resource data is now presented separately, whereas it was previously shown on a combined basis.

_______________
1 A gold price of $1,250 per ounce was used in the reserve estimates.
2 Mined ounces declared here are processed ounces.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, Serbia, and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Eldorado Gold Mineral Reserves, as of September 30, 2019

Project Proven Mineral Reserves
Probable Mineral Reserves Total Proven and Probable
Gold Tonnes Au In-situ Au Tonnes Au In-situ Au Tonnes Au In-situ Au
(x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000)
Certej 22,788 1.93 1,414 21,500 1.43 988 44,288 1.69 2,402
Efemcukuru 1,690 6.62 360 1,931 5.18 322 3,621 5.86 682
Kisladag 107,694 0.80 2,770 5,357 0.59 102 113,051 0.79 2,872
Lamaque 484 7.32 114 3,607 7.40 858 4,091 7.39 972
Olympias 2,601 9.19 769 10,324 6.47 2,148 12,925 7.02 2,917
Perama Hill 3,120 4.02 403 6,590 2.63 557 9,710 3.08 960
Skouries 75,804 0.87 2,132 81,862 0.62 1,641 157,666 0.74 3,773
Tocantinzinho 17,007 1.52 831 21,898 1.35 950 38,905 1.42 1,781

TOTAL GOLD 231,188 1.18 8,793 153,069 1.54 7,566 384,257 1.32 16,359
Silver Tonnes Ag In-situ Ag Tonnes Ag In-situ Ag Tonnes Ag In-situ Ag
(x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000)
Certej 22,788 10 7,004 21,500 12 8,551 44,288 11 15,555
Olympias 2,601 133 11,122 10,324 115 38,171 12,925 119 49,293
Perama Hill 3,120 4 401 6,590 5 1,059 9,710 5 1,460
Stratoni 0 0 0 768 154 3,803 768 154 3,803
TOTAL SILVER 28,509 20 18,527 39,182 41 51,584 67,691 32 70,111
Copper Tonnes Cu In-situ Cu Tonnes Cu In-situ Cu Tonnes Cu In-situ Cu
(x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Skouries 75,804 0.52 393 81,862 0.47 386 157,666 0.49 779
TOTAL COPPER 75,804 0.52 393 81,862 0.47 386 157,666 0.49 779
Lead Tonnes Pb In-situ Pb Tonnes Pb In-situ Pb Tonnes Pb In-situ Pb
(x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Olympias 2,601 4.3 112 10,324 4.0 413 12,925 4.1 525
Stratoni 0 0.0 0 768 6.0 46 768 6.0 46
TOTAL LEAD 2,601 4.3 112 11,092 4.1 459 13,693 4.2 571
Zinc Tonnes Zn In-situ Zn Tonnes Zn In-situ Zn Tonnes Zn In-situ Zn
(x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Olympias 2,601 5.1 133 10,324 5.3 547 12,925 5.3 680
Stratoni 0 0.0 0 768 8.4 65 768 8.4 65
TOTAL ZINC 2,601 5.1 133 11,092 5.5 612 13,693 5.4 745

Eldorado Gold Mineral Resources, as of September 30, 2019

Project Measured Resources
Indicated Resources
Total Measured and Indicated Inferred Resources
Gold Tonnes Au In-situ Au Tonnes Au In-situ Au Tonnes Au In-situ Au Tonnes Au In-situ Au
(x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000)
Bolcana 0 0.00 0 0 0.00 0 0 0.00 0 381,000 0.53 6,492
Certej 27,518 1.80 1,592 62,463 1.23 2,472 89,981 1.40 4,064 12,228 0.96 376
Efemcukuru 2,390 8.06 619 2,016 6.64 430 4,406 7.41 1,049 3,647 6.31 740
Kisladag 357,106 0.63 7,233 92,740 0.47 1,401 449,846 0.60 8,634 290,460 0.45 4,202
Lamaque 469 9.46 143 5,294 8.24 1,402 5,763 8.34 1,545 8,998 7.01 2,028
Olympias 2,702 10.93 950 11,779 7.52 2,848 14,481 8.16 3,798 3,720 7.98 954
Perama Hill 3,126 4.10 412 10,164 3.00 980 13,290 3.26 1,392 3,374 2.20 239
Perama South 0 0.00 0 0 0.00 0 0 0.00 0 25,324 1.32 1,073
Piavitsa 0 0.00 0 0 0.00 0 0 0.00 0 10,542 5.70 1,932
Sapes 0 0.00 0 2,423 6.08 474 2,423 6.08 474 1,011 10.65 346
Skouries 100,018 0.79 2,534 189,263 0.47 2,867 289,281 0.58 5,401 170,136 0.31 1,680
Tocantinzinho 17,530 1.51 851 31,202 1.26 1,264 48,732 1.35 2,115 2,395 0.90 69

TOTAL GOLD 510,859 0.87 14,334 407,344 1.08 14,138 918,203 0.96 28,472 912,835 0.69 20,131
Silver Tonnes Ag In-situ Ag Tonnes Ag In-situ Ag Tonnes Ag In-situ Ag Tonnes Ag In-situ Ag
(x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000) (x1000) g/t ounces (x1000)
Certej 27,518 9 7,768 62,463 9 17,833 89,981 9 25,601 12,228 3 1,364
Olympias 2,702 156 13,552 11,779 134 50,746 14,481 138 64,298 3,720 137 16,385
Perama Hill 3,126 4 402 10,164 8 2,516 13,290 7 2,918 3,374 4 477
Piavitsa 0 0 0 0 0 0 0 0 0 10,542 57 19,156
Stratoni 0 0 0 807 185 4,800 807 185 4,800 1,563 169 8,493
TOTAL SILVER 33,346 20 21,722 85,213 28 75,895 118,559 26 97,617 31,427 45 45,875
Copper Tonnes Cu In-situ Cu Tonnes Cu In-situ Cu Tonnes Cu In-situ Cu Tonnes Cu In-situ Cu
(x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Bolcana 0 0.00 0 0 0.00 0 0 0.00 0 381,000 0.18 686
Skouries 100,018 0.48 484 189,263 0.40 758 289,281 0.43 1,242 170,136 0.34 578
TOTAL COPPER 100,018 0.48 484 189,263 0.40 758 289,281 0.43 1,242 551,136 0.23 1,264
Lead Tonnes Pb In-situ Pb Tonnes Pb In-situ Pb Tonnes Pb In-situ Pb Tonnes Pb In-situ Pb
(x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Olympias 2,702 5.0 135 11,779 4.6 542 14,481 4.7 677 3,720 3.9 145
Stratoni 0 0.0 0 807 7.2 58 807 7.2 58 1,563 6.6 103
TOTAL LEAD 2,702 5.0 135 12,586 4.8 600 15,288 4.8 735 5,283 4.7 248
Zinc Tonnes Zn In-situ Zn Tonnes Zn In-situ Zn Tonnes Zn In-situ Zn Tonnes Zn In-situ Zn
(x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000) (x1000) % tonnes (x1000)
Olympias 2,702 6.0 162 11,779 6.2 730 14,481 6.2 892 3,720 4.0 149
Stratoni 0 0.0 0 807 10.1 82 807 10.1 82 1,563 9.6 150
TOTAL ZINC 2,702 6.0 162 12,586 6.5 812 15,288 6.4 974 5,283 5.7 299



Notes on Mineral Resources and Reserves

Mineral reserves and mineral resources are as of September 30, 2019.
Mineral reserves are included in the mineral resources.
The mineral reserves and mineral resources are disclosed on a total project basis.
Mineral Reserve Notes

1. Long Term Metal Price Assumptions

Gold price: $1,250/oz
Silver price: $16.00/oz (for Stratoni it was $11.42/oz Ag as governed by a streaming agreement with Silver Wheaton (Caymans) Ltd.)
Copper price: $2.75/lb
Lead price: $2,000/t
Zinc price: $2,400/t
2. Skouries

The open pit design is based on permit limits, not metal prices, therefore insensitive to a falling or rising metal price environment. The underground designs were based on a Cu price of $3.00/lb. The change in the Cu price to $2.75/lb has no impact to the underground portion of the mineral reserves developed at that time given that the margin on the lowest value ore has been demonstrated to remain positive against the backdrop of updated operating costs. Nevertheless, it is recognized that at the lower Cu price, approximately 11 Mt of the mineral reserves have marginal value, and a further decrease in metal prices would render these uneconomic. The impact would not be felt until the latter part of the project’s long minelife as the lower grade resources are located on the periphery of the orebody and at depth. Furthermore, the loss of these resources would not change the design philosophy or placement of long-term underground infrastructure, the result would be simply a shorter minelife.

3. Cut-off Grades

Kisladag: $12.25 NSR ; Efemcukuru: 3.00 g/t Au; Lamaque: 3.50 g/t Au; Perama: 0.80 g/t Au; Tocantinzinho: 0.365 g/t Au; Skouries: $12.00 NSR (open pit), $33.33 NSR (underground); Olympias: $133 NSR (drift and fill), $116 NSR (long hole stoping); Stratoni: 13.5% Zn Equivalent grade (=Zn%+Pb%*1.06+Ag%*113.5); Certej: 0.90 g/t Au Equivalent grade (=Au(g/t)+Ag(g/t)*0.0121).

4. Qualified Persons

Richard Miller, P.Eng., Director, Mine Engineering (Open Pit) for the Company, is responsible for the Skouries (open pit), Kisladag and Perama mineral reserves;

John Nilsson, P.Eng., of Nilsson Mine Services, is responsible for the Certej and Tocantinzinho mineral reserves;

Colm Keogh, P.Eng., Operations Manager, Olympias for the Company, is responsible for the Efemcukuru, Olympias, Stratoni, Skouries (underground) and Lamaque mineral reserves.
Mineral Resource Notes

1. Cut-off Grades

Kisladag: 0.30 g/t Au for M+I, 0.35 g/t for Inferred; Efemcukuru: 2.5 g/t Au; Lamaque: 2.5 g/t Au; Perama and Perama South: 0.5 g/t Au; Tocantinzinho: 0.3 g/t Au; Certej: 0.7 g/t Au; Skouries: 0.20 g/t Au Equivalent grade (open pit), 0.60 g/t Au Equivalent grade (underground) (=Au g/t + 1.6*Cu%); Olympias: $50 NSR; Piavitsa: 3.5 g/t Au; Sapes: 2.5 g/t Au (underground), 1.0 g/t Au (open pit); Bolcana: 0.30 g/t Au Equivalent grade (open pit), 0.65 g/t Au Equivalent grade (underground) (=Au g/t + 1.27*Cu%); Stratoni: resources are geologically constrained to massive sulfide material based on the sharpness of the mineralized contacts and the high grade nature of the mineralization

2. Qualified Persons

Ertan Uludag, P.Geo, Resource Geologist for the Company, is responsible for the Efemcukuru, Olympias and Stratoni mineral resources;
Stephen Juras, Ph.D., P.Geo., Director, Technical Services for the Company, is responsible for the Lamaque, Kisladag, Certej, Skouries, Perama, Piavitsa and Bolcana mineral resources;
Peter Lewis, Ph.D., P.Geo., Vice President, Exploration for the Company, is responsible for the Sapes mineral resources;
Rafael Jaude Gradim, P. Geo., Manager, Corporate Development - Technical Evaluations for the Company, is responsible for the Tocantinzinho mineral resources;
Sean McKinley, P.Geo., Senior Geologist for the Company, is responsible for the Perama South resources.
Note Regarding Mineral Reserve and Mineral Resources:
All Mineral Reserves and Mineral Resources have been estimated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") and NI 43-101. Additional information on the mineral properties mentioned in this news release that are considered to be material mineral properties to the Company are contained in Eldorado’s annual information form for the year ended December 31, 2017 and the following technical reports for each of those properties, all of which are available under the Company's profile at www.sedar.com:

Technical report entitled "Technical Report, Kisladag Milling Project, Turkey” with an effective date of March 16, 2018.
Technical report entitled "Technical Report on the Efemçukuru Project” dated September 17, 2007 with an effective date of August 1, 2007.
Technical report entitled “Technical Report on the Olympias Project, Au Pb Zn Ag Deposit, Northern Greece” dated July 14, 2011 with an effective date of July 14, 2011.
Technical report entitled “Technical Report, Skouries Project, Greece” with an effective date of January 1, 2018.
Technical report entitled “Technical Report, for the Lamaque Project, Quebec, Canada’” an effective date of March 21, 2018.
Cautionary Note about Forward-looking Statements and Information
Certain of the statements made and information provided in this press release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", “continue”, “projected”, "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to: our mineral reserves and resources, our guidance and outlook, including expected production and recoveries of gold, planned capital and exploration expenditures; our expectation as to our future financial and operating performance, including future cash flow, estimated all-in sustaining costs and cash operating costs, expected metallurgical recoveries, gold price outlook; and our strategy, plans and goals, including our proposed exploration, development, construction, permitting and operating plans and priorities, related timelines and schedules and proposed share consolidation.

Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

We have made certain assumptions about the forward-looking statements and information, including assumptions about mineral reserves and resources and metallurgical recoveries, the geopolitical, economic, permitting and legal climate that we operate in; the future price of gold and other commodities; exchange rates; anticipated costs and expenses; production, the impact of acquisitions, dispositions, suspensions or delays on our business and the ability to achieve our goals. In particular, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release.

Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the following: geopolitical and economic climate (global and local), risks related to the updating of our resource and reserve models and life of mine plans; mineral tenure and permits; gold and other commodity price volatility; recoveries of gold and other metals; results of test work; revised guidance; risks regarding potential and pending litigation and arbitration proceedings relating to the Company’s, business, properties and operations; expected impact on reserves and the carrying value; mining operational and development risk; foreign country operational risks; risks of sovereign investment; regulatory risks and liabilities including, regulatory environment and restrictions, and environmental regulatory restrictions and liability; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical testing and recoveries; risks related to the impact of the acquisition and integration of Integra on the Company’s operations; additional funding requirements; currency fluctuations; community and non-governmental organization actions; speculative nature of gold exploration; dilution; share price volatility; competition; loss of key employees; and defective title to mineral claims or properties, as well as those risk factors discussed in the sections titled “Forward-Looking Statements” and "Risk factors in our business" in the Company's most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form filed on SEDAR under our Company name, which discussion is incorporated by reference in this release, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.

Forward-looking statements and information is designed to help you understand management’s current views of our near and longer term prospects, and it may not be appropriate for other purposes.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.

Mineral resources which are not mineral reserves do not have demonstrated economic viability. With respect to “indicated mineral resource” and “inferred mineral resource”, there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of a “measured mineral resource”, “indicated mineral resource” or “inferred mineral resource” will ever be upgraded to a higher category.

Except as otherwise noted, scientific and technical information contained in this press release was reviewed and approved by Paul Skayman, FAusIMM, Chief Operating Officer for the Company, and a "qualified person" under NI 43-101.

Cautionary Note to US Investors Concerning Estimates of Measured, Indicated and Inferred Resources
Technical disclosure regarding the Company’s properties included herein (the “Technical Disclosure”) has not been prepared in accordance with the requirements of U.S. securities laws. Without limiting the foregoing, the Technical Disclosure uses terms that comply with reporting standards in Canada and certain estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all mineral reserve and mineral resource estimates contained in the Technical Disclosure have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ significantly from the requirements of SEC Industry Guide 7, and resource information contained in the Technical Disclosure may not be comparable to similar information disclosed by U.S. companies.

The definitions of proven and probable reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and U.S. companies have historically not been permitted to disclose mineral resources of any category in reports and registration statements filed with the SEC.

Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained ounces” in a resource is permitted disclosure under Canadian securities laws, however the SEC Industry Guide 7 historically only permitted issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained in the Technical Disclosure may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of U.S. federal securities laws and the rules and regulations thereunder that disclose mineral reserves and mineral resources in accordance with SEC Industry Guide 7.


Contact

Investor Relations
Peter Lekich, Manager Investor Relations
604.687.4018 or 1.888.353.8166
peter.lekich@eldoradogold.com

Media
Louise Burgess, Director Communications and Government Relations
604.601.6679 or 1.888.363.8166
louiseb@eldoradogold.com

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GlobeNewswire
November 15, 2019 - 3:45 AM PST
Tags:
INDUSTRIAL METALS & MINERALS
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Read more at https://stockhouse.com/news/press-releases/2019/11/15/eldorado-gold-releases-updated-reserve-and-resource-statement#CDRLtVeQK5f8vuVD.99

Eldorado Gold Reports Preliminary Third Quarter 2019 Results
T.ELD |
VANCOUVER, British Columbia, Oct. 16, 2019 (GLOBE NEWSWIRE) --

Eldorado Gold Corporation (“Eldorado” or “the Company”) (TSX: ELD) (NYSE: EGO) today reports its preliminary third quarter 2019 results.

Preliminary Third Quarter Results

Total gold production was 101,596 ounces for the third quarter and 276,376 ounces year to date.
Guidance for 2019 remains unchanged.
Recent test results from Kisladag confirm that recoveries from leaching deeper material over 250 day cycles support an extension of mine life beyond the Company’s current three year guidance. Waste stripping to support a mine life extension will commence prior to the end of October 2019. Test work is still ongoing to determine the ultimate heap leach recovery of this material and thus the ultimate length of the mine life extension. Waste stripping over the remainder of 2019 is expected to minimize production interruptions in 2020 and beyond. Estimated expenditure for waste stripping in 2019 is $4 million.
Production at Olympias was lower than plan. During the third quarter measures to increase production volumes were continued in key areas of the operation and will support the ramp up towards 2020 and beyond. These measures included increased capital development resources and other operational improvement initiatives.

Gold Production
Q3 2019 Q3 2018 YTD 2019
Total
Production (oz) 101,596 84,783 276,376
Kisladag
Production (oz) 35,885 34,070 89,204
Efemcukuru
Production (oz) 25,733 24,493 77,524
Olympias
Production (oz) 7,941 12,790 24,793
Lamaque
Production (oz) (a) 32,037 13,430 84,855
(a) Includes pre-commercial production

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, Serbia, and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Contacts

Investor Relations
Peter Lekich
Manager Investor Relations
604.687.4018 or 1.888.353.8166
peter.lekich@eldoradogold.com

Media
Louise Burgess
Director Communications & Government Relations
604.687.4018 or 1.888.353.8166
louise.burgess@eldoradogold.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward looking statements and forward looking information within the meaning of applicable Canadian and U.S. securities laws. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements or information herein include, but are not limited to expectations regarding meeting annual guidance, extension of mine life at Kisladag, waste stripping at Kisladag, and improved production at Olympias.

Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information and even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the following: discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution; share price volatility; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company's Annual Information Form & Form 40-F dated March 29, 2019.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.

Scientific and technical information contained in this press release was reviewed and approved by Paul Skayman, FAusIMM, Chief Operating Officer for Eldorado Gold Corporation, and a "qualified person" under NI 43-101.

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GlobeNewswire
October 16, 2019 - 2:47 PM PDT
Tags: INDUSTRIAL METALS & MINERALS

Read more at https://stockhouse.com/news/press-releases/2019/10/16/eldorado-gold-reports-preliminary-third-quarter-2019-results#RQghfISyfz7AFxoz.99

Trump just said the China tariff goes up to 30% on Oct 15th. Buy your Gold now.

Iran Is going to help EGO go upwards. Plus the feds will talk about interest rates lowering soon. Gold is a fabulous investment.

Eldorado finds new Canadian mine may be richer than thought
Cecilia Jamasmie | September 5, 2019 | 6:15 am Exploration Canada Gold


The Lamaque mine and Bourlamaque mining village at Val-d’Or, Quebec. (Image courtesy of Société des musées du Québec.)
Canadian bullion producer Eldorado Gold (TSX:ELD)(NYSE:EGO) said on Thursday that exploration carried out at its Lamaque mine in Quebec so far this year revealed high grade mineralization beyond the 2018 resource model in the lower portion of the deposit, as well as more ore clusters.

The Vancouver-based company, which kicked off commercial production at Lamaque at the end of March, said that surface exploration drilling at the property has focused on better defining the resource potential in the less-explored lower portion of the newly discovered Triangle gold deposit.

EXPLORATION CARRIED OUT AT QUEBEC’S LAMAQUE PROJECT HAS REVEALED HIGH GRADE MINERALIZATION BEYOND THE 2018 RESOURCE MODEL AS WELL AS MORE ORE CLUSTERS

That resource, located in the Val d’Or mining camp, at the eastern end of the prolific Southern Abitibi Greenstone Belt, now shows continuity of mineralization to similar depths as the nearby historic Sigma mine, Eldorado’s CEO George Burns said.

He noted the exploration results unveiled today would likely allow the company to expand mineral resources next year.

“At the same time our underground drilling continues to focus on conversion of existing resources to reserves in the C5 and lower C4 mineralized zones,” Burns said in the exploration update.

Lamaque, which Eldorado grabbed after acquiring Integra Gold in 2017, has an initial mine life of seven years and is expected to produce between 100,000-110,000 ounces of gold this year.

The underground mine — the company’s first operation in Canada — is set to ramp up output to between 125,000 and 135,000 ounces of gold in 2020 and 2021.

Eldorado, which also has mining, development and exploration operations in Greece, Romania, Serbia and Brazil, said earlier this week that efforts to secure key permits for its Skouries gold-copper project in Greece look like they are about to pay off.

https://www.mining.com/eldorado-finds-first-canadian-mine-may-be-richer-than-thought/

God Bless

China talks might improve but don't forget Iran and North Korea. Gold is a Great investment. After a quick drop yesterday Gold came back in the afternoon and still going.

EGO is a Gold Mine. Shares easily can double in a couple months. International agreements being laid out.

Eldorado Gold Receives Skouries And Olympias Installation Permits
3:11 pm ET September 3, 2019 (Benzinga) Print
VANCOUVER, British Columbia, Sept. 03, 2019 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to confirm receipt of electromechanical installation permits for its Skouries project and an installation permit for its Olympias mine from the Greek Ministry of Energy and Environment (the “Ministry”).

Skouries
The permits allow for the installation of mechanical and electrical equipment at the flotation plant to be completed and installation of additional surface facilities. Receipt of these permits will enable the Company to apply for the flotation plant building permit, which will be submitted this month.

Eldorado intends to carry out certain construction activities that were suspended in 2017, including building the mill enclosure once permitted, to protect the plant assets. Capital expenditure for asset protection works is estimated to be approximately US$5 million.

https://finance.yahoo.com/news/greece-issues-permits-eldorado-golds-200526424.html

News: $EGO Volume Sizzler- Eldorado Gold Corporation (NYSE:EGO)

On Tuesday, Eldorado Gold Corporation (NYSE:EGO) reached at $8.09 price level during last trade its distance from 20 days simple moving average was...

Find out more Volume Sizzler- Eldorado Gold Corporation (NYSE:EGO)

Eldorado Gold Announces Filing of Preliminary Base Shelf Prospectus
VANCOUVER, British Columbia, Aug. 06, 2019 (GLOBE NEWSWIRE) --

Eldorado Gold Corporation (“Eldorado” or the “Company”) announces that
it has filed a preliminary short form base shelf prospectus with the
securities regulatory authorities in each of the provinces of Canada.
The Company has also filed a corresponding shelf registration statement
on Form F-10 with the United States Securities and Exchange Commission
(the “SEC”) under the U.S. Securities Act of 1933, as amended, and the
Multijurisdictional Disclosure System established between Canada and
the United States.

The prospectus will allow Eldorado to offer up to US$750 million of
common shares, debt securities, convertible securities, warrants,
rights, subscription receipts, units or any combination thereof, from
time to time over the 25-month period after Canadian securities
regulatory authorities have issued a receipt for the final prospectus.

The shelf registration statement filed today with the SEC has not yet become effective. Until the registration statement becomes effective, no securities may be sold nor may offers to buy be accepted. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.

A copy of the prospectus can be found on SEDAR at www.sedar.com, and a copy of the shelf registration statement can be found on EDGAR at www.sec.gov, each under the Company’s profile.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and
exploration operations in Turkey, Canada, Greece, Romania, Serbia, and
Brazil.
The Company has a highly skilled and dedicated workforce, safe and
responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities.
Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD)
and the New York Stock Exchange (NYSE: EGO).

Contacts

Investor Relations

Peter Lekich, Manager Investor Relations
604.687.4018 or 1.888.353.8166
peter.lekich@eldoradogold.com

Media

Louise Burgess, Director Communications & Government Relations
604.687.4018 or 1.888.353.8166
louise.burgess@eldoradogold.com

https://www.eldoradogold.com/investors/presentations-and-events/default.aspx


http://www.eldoradogold.com


Cautionary Note about Forward-looking Statements and Information

Certain of the statements made and information provided in this press release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", “continue”, “projected”, "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the filing of the Prospectus and shelf registration statement and drawing on capital. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

We have made certain assumptions about the forward-looking statements and information, including assumptions about the geopolitical, economic, permitting and legal climate that we operate in; the future price of gold and other commodities; the global concentrate market; exchange rates; anticipated costs and expenses; production, mineral reserves and resources and metallurgical recoveries, the impact of acquisitions, dispositions, suspensions or delays on our business and the ability to achieve our goals. In particular, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, additional funding requirements; currency fluctuations; dilution; share price volatility; as well as those risk factors discussed in the sections titled “Forward-Looking Statements” and "Risk factors in our business" in the Company's Prospectus, most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form filed on SEDAR under our Company name, which discussion is incorporated by reference in this release, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.

Forward-looking statements and information is designed to help you understand management’s current views of our near and longer term prospects, and it may not be appropriate for other purposes.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change.


In GOD We Trust -








http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

Also allows them to re-dilute again with another reverse split?

Glass is either half empty, or half full depending on who you work for.

alfaspider thank you, with low interest rates it may become an easy profit of GOLD mines target of expansion -
the right place at the right time )

Eldorado Gold Announces Filing of Preliminary Base Shelf Prospectus
VANCOUVER, British Columbia, Aug. 06, 2019 (GLOBE NEWSWIRE) --

Eldorado Gold Corporation (“Eldorado” or the “Company”) announces that it has filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada. The Company has also filed a corresponding shelf registration statement on Form F-10 with the United States Securities and Exchange Commission (the “SEC”) under the U.S. Securities Act of 1933, as amended, and the Multijurisdictional Disclosure System established between Canada and the United States.

The prospectus will allow Eldorado to offer up to US$750 million of
common shares, debt securities, convertible securities, warrants,
rights, subscription receipts, units or any combination thereof, from
time to time over the 25-month period after Canadian securities
regulatory authorities have issued a receipt for the final prospectus.

The shelf registration statement filed today with the SEC has not yet become effective. Until the registration statement becomes effective, no securities may be sold nor may offers to buy be accepted. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.

A copy of the prospectus can be found on SEDAR at www.sedar.com, and a copy of the shelf registration statement can be found on EDGAR at www.sec.gov, each under the Company’s profile.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, Serbia, and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Contacts

Investor Relations

Peter Lekich, Manager Investor Relations
604.687.4018 or 1.888.353.8166 peter.lekich@eldoradogold.com

Media

Louise Burgess, Director Communications & Government Relations
604.687.4018 or 1.888.353.8166 louise.burgess@eldoradogold.com

Cautionary Note about Forward-looking Statements and Information

Certain of the statements made and information provided in this press release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", “continue”, “projected”, "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the filing of the Prospectus and shelf registration statement and drawing on capital. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.

We have made certain assumptions about the forward-looking statements and information, including assumptions about the geopolitical, economic, permitting and legal climate that we operate in; the future price of gold and other commodities; the global concentrate market; exchange rates; anticipated costs and expenses; production, mineral reserves and resources and metallurgical recoveries, the impact of acquisitions, dispositions, suspensions or delays on our business and the ability to achieve our goals. In particular, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, additional funding requirements; currency fluctuations; dilution; share price volatility; as well as those risk factors discussed in the sections titled “Forward-Looking Statements” and "Risk factors in our business" in the Company's Prospectus, most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form filed on SEDAR under our Company name, which discussion is incorporated by reference in this release, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.

Forward-looking statements and information is designed to help you understand management’s current views of our near and longer term prospects, and it may not be appropriate for other purposes.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change.


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Eldorado Gold Corporation (“Eldorado” or the “Company”) announces that it has filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada.

The prospectus will allow Eldorado to offer up to US $750 million of common shares, debt securities, convertible securities, warrants, rights, subscription receipts, units or any combination thereof, from time to time over the 25-month period after Canadian securities regulatory authorities have issued a receipt for the final prospectus.

GOLD up-- EGO dumps....

Shelf registration, then another reverse split?