Eldorado Gold Corporation (ELD)

Hi all,

I'm new on Investors Hub and had a question regarding my current positions. I bought into PCQRF about a year ago and noticed they are close neighbors to ELD.
In your opinion, should I put money into ELD at this point, or would it be better to increase my position in PCQ?

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Foran Announces Mailing of Joint Management Information CircularMarch 11, 2026 5:30 PM
PR Newswire (Canada)

Your vote is important. Vote well in advance of the proxy voting deadline on Thursday, April 2nd, 2026 at 10:00 a.m. (Vancouver time).Foran Securityholders and Eldorado Shareholders in need of voting assistance are encouraged to contact Laurel Hill Advisory Group by email at assistance @DougS.-452-7184 (North American toll-free) or 1-416-304-0211 (outside North America).VANCOUVER, BC, March 11, 2026 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce the mailing of a joint management information circular (the "Circular") for the special meetings of Foran securityholders and shareholders of Eldorado Gold Corporation ("Eldorado") to be held in connection with Foran's previously announced combination with Eldorado (the "Transaction"). In addition to being mailed to Foran securityholders and Eldorado shareholders, the Circular has been posted on the Company's website at www.foranmining.com and filed on SEDAR+ at www.sedarplus.com under the Company's profile.







The Circular provides detailed information regarding the Transaction, including background on the combination, and matters to be voted on by securityholders of Foran and shareholders of Eldorado in connection with the Transaction.The board of directors of Foran unanimously recommends that Foran securityholders vote in favour of the Arrangement Resolution (as defined in the Circular).Benefits of the Transaction for Foran Securityholders:Peer-leading near-term growth. Following completion of the Transaction, Eldorado is expected to be positioned to deliver a leading growth profile, underpinned by two fully financed development projects, the Skouries Project and the McIlvenna Bay Project, which are advancing towards commercial production expected in Q4 2026 and mid-2026, respectively.Substantial EBITDA & free cash flow. Following completion of the Transaction, Eldorado is expected to generate approximately $2.1 billion of EBITDA1 and $1.5 billion in free cash flow2 in 2027, the robust long-term cash flow is expected to fund growth initiatives, strengthen the balance sheet of Eldorado and support continued shareholder returns through dividend and share buyback programs, while maintaining financial flexibility through commodity cycles.Long-life, diversified asset base. Following completion of the Transaction, Eldorado's portfolio is expected to deliver balanced gold-copper exposure (~77% gold, ~4% silver, ~15% copper and ~4% other metals) across attractive mining jurisdictions in Canada, Greece and Türkiye, providing jurisdictional and commodity diversification.Significant exploration upside. Following completion of the Transaction, Eldorado will continue to accelerate high-value organic growth opportunities, including advancing Foran's high-grade polymetallic Tesla Zone and other drill ready targets as well as maximizing the exploration potential surrounding Foran's McIlvenna Bay Project, and Eldorado's existing operating and development assets.Compelling re-rate opportunity. As a result of increased scale and trading liquidity, near-term growth and enhanced Canadian exposure, the Transaction is expected to support a positive valuation re-rate opportunity.Sustainability-focused operation. Eldorado and Foran's strong alignment across sustainability principles, carbon efficient practices and a shared commitment to responsible mining will enable Eldorado, following completion of the Transaction, to focus on transparent sustainability performance and continued advancement in greenhouse gas ("GHG") emission mitigation.
1 Calculated as revenue based on public disclosure less cash operating costs based on street consensus analyst estimates as per S&P CapIQ as of February 2, 2026. EBITDA is a non-IFRS financial measure. See "Non-IFRS Measures".
2 Based on street consensus estimates as of February 2, 2026 per FactSet, calculated as operating cash flow less capex. Free cash flow is a non-IFRS financial measure. See "Non-IFRS Measures".Voting and AssistanceForan securityholders are encouraged to vote as early as possible.Foran securityholders who are registered holders may vote by completing and returning the form of proxy in accordance with the instructions provided (including available mail, fax, telephone and internet voting options). Non-registered Foran shareholders should submit voting instructions using the voting instruction form provided by their intermediary.If you need assistance or have questions about how to vote, please contact Foran's proxy solicitation agent, Laurel Hill Advisory Group:Toll-free in North America: +1 877 452 7184Collect call outside of North America: +1 416 304 0211Email: assistance@laurelhill.comText: "INFO" to +1 877 452 7184 or +1 416 304 0211About Foran Mining CorporationForan Mining is a near-term critical minerals producer committed to supporting a greener future and empowering communities while creating value for our stakeholders. The McIlvenna Bay project is located within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development and advanced exploration activities of the Company, and hosts the McIlvenna Bay Deposit and Tesla Zone.The McIlvenna Bay Deposit is a copper-zinc-gold-silver rich deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay Property sits just 65 km West of Flin Flon, Manitoba, and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran's ground in eastern Saskatchewan, a distance of over 225 km.The Company's head office is located at 409 Granville Street, Suite 904, Vancouver, BC, Canada, V6C 1T2. Common Shares of the Company are listed for trading on the TSX under the symbol "FOM" and on the OTCQX under the symbol "FMCXF".About Eldorado Gold CorporationEldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. Eldorado 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).CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTSThis news release contains certain forward-looking information and forward-looking statements, as defined under applicable securities laws (collectively referred to herein as "forward-looking statements"). These statements relate to future events or to the future performance of Foran Mining Corporation and reflect management's expectations and assumptions as of the date hereof or as of the date of such forward looking statement. Such forward-looking statements include, but are not limited, statements regarding Eldorado and Foran's intention to complete the Transaction; approval of the Transaction by Foran securityholders and Eldorado shareholders and the strategic rationale for the Transaction and expected benefits of the Transaction, including that Eldorado will deliver a leading growth profile following completion of the Transaction, that Eldorado will generate approximately $2.1 million of EBITDA, that Eldorado's profile is expected to deliver balanced gold-copper exposure across attractive mining jurisdictions, Eldorado will continue to accelerate high-value organic growth opportunities, the Transaction is expected to support a positive valuation re-rate opportunity and the combined entity will focus on transparent sustainability performance and continued advancement of GHG emission mitigation.  All statements other than statements of historical fact are forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement.Inherent in forward-looking statements are known and unknown risks, estimates, assumptions, uncertainties and other factors that 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 the forward-looking statements contained in this news release. These factors include management's belief or expectations relating to the following and, in certain cases, management's response with regard to the following: the risk that the Transaction may be varied, accelerated or terminated in certain circumstances; risks relating to the outcome of the Transaction, including the risks associated with approval at the meeting of Foran Securityholders; the risk that the closing conditions under the Transaction may not be satisfied, or to the extent permitted, waived and the additional risks identified in our filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). The forward-looking statements contained in this news release reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include the satisfaction of the closing conditions in respect of the Transaction; the approval of the Transaction by Foran Securityholders and Eldorado Shareholders and completion of the Transaction on anticipated terms and timing, or at all. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended.Readers are cautioned not to place undue reliance on forward-looking statements and should note that the assumptions and risk factors discussed in this press release are not exhaustive. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward looking statements contained in this press release. All forward-looking statements herein are qualified by this cautionary statement. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law. Additional information about these assumptions, risks and uncertainties is contained in our filings with securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca).Non-IFRS MeasuresThis news release contains certain forward-looking non-IFRS financial measures, including earnings before interest, taxes, depreciation and amortization ("EBITDA") and free cash flow. The historical non-IFRS financial measures that are equivalent to such forward-looking non-IFRS financial measures, and the most directly comparable IFRS financial measures, together with reconciliations between such measures and explanations of their composition, are disclosed in the section entitled "Non-IFRS and Other Financial Measures and Ratios" in the annual management discussion and analysis of Eldorado for the financial year ended December 31, 2025, which is available under Eldorado's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.SOURCE Foran Mining Corporation

Original: Foran Announces Mailing of Joint Management Information Circular

Eldorado Gold beats Q4 forecasts as output reaches top end of guidanceFebruary 20, 2026 8:21 AM
IH Market News
Eldorado Gold (NYSE:EGO) delivered better-than-expected fourth-quarter results, surpassing analyst estimates for both earnings and revenue, supported by solid production levels and strong gold prices.Despite the earnings beat, shares were down 4.89% in pre-market trading following the announcement.The company reported earnings per share of $0.63 for the fourth quarter, exceeding the $0.52 consensus estimate. Revenue climbed to $577.2 million, comfortably ahead of the $498.46 million analysts had projected.From an operational standpoint, Eldorado produced 123,416 ounces of gold during the quarter, lifting full-year 2025 output to 488,268 ounces — at the upper end of its previously issued guidance. Gold sales reached 126,923 ounces in Q4 at an average realized price of $4,251 per ounce. For the full year, total sales amounted to 491,204 ounces at an average realized price of $3,505 per ounce.Cost metrics also came in strong. Total cash costs were $1,295 per ounce in the fourth quarter and $1,176 per ounce for the year, landing at the low end of the company’s tightened guidance range. All-in sustaining costs totaled $1,894 per ounce in Q4 and $1,664 per ounce for full-year 2025, both within guidance.Cash generation remained robust, with net cash from operating activities reaching $283.7 million in the quarter and $742.5 million for the year. Eldorado finished 2025 with $869.4 million in cash and cash equivalents on its balance sheet.“2025 was a year of strong execution and meaningful progress across our portfolio,” said CEO George Burns. “We delivered gold production at the higher end of our production guidance… Solid operating execution, supported by a favorable gold price environment, translated into strong financial results.”Looking forward, Eldorado continues to advance its Skouries copper-gold project in Greece, with initial production targeted for early in the third quarter of 2026, marking the next stage of growth for the company.Eldorado Gold stock price

Original: Eldorado Gold beats Q4 forecasts as output reaches top end of guidance

Western Tungsten Scramble Heats Up as China Locks Down 80% of Global SupplyFebruary 11, 2026 8:25 AM
PR Newswire (Canada)

Issued on behalf of GoldHaven Resources Corp.USANewsGroup.com News Commentary VANCOUVER, BC, Feb. 11, 2026 /CNW/ -- Tungsten prices have tripled since early 2024, with ammonium paratungstate hitting a record $1,125 to $1,150 per metric tonne unit in China and $1,100 in Rotterdam as Beijing's 2026 Catalogue of Dual-Use Items throttled exports to allied nations[1]. The supply shock has accelerated a broader policy response, with Secretary of State Marco Rubio hosting delegations from over 50 countries at the inaugural Critical Minerals Ministerial at the beginning of the month, where Washington signed eleven new bilateral frameworks and committed more than $30 billion in strategic mineral financing[2]. Against that backdrop, GoldHaven Resources (CSE: GOH), American Tungsten (CSE: TUNG), NGEx Minerals (TSX: NGEX), Eldorado Gold (NYSE: EGO) and Foran Mining (TSX: FOM) are advancing critical mineral assets across North and South America.







Analysts at J.P. Morgan project a refined copper deficit of roughly 330,000 metric tonnes in 2026 as mine disruptions and constrained project pipelines collide with rising electrification demand[3]. That structural tightness is reinforcing what a White & Case industry survey found: two-thirds of mining sector respondents expect copper and gold to be the top-performing commodities this year, fueling a policy-driven M&A cycle where majors are racing to lock in development-stage assets[4].GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has confirmed anomalous tungsten mineralization at its Magno Property in northwestern British Columbia. The company's 2025 surface exploration program identified a previously undocumented tungsten zone at the Vines Lake showing, where assays returned up to 6,550 parts per million tungsten. These results validate historical tungsten data at the Kuhn and Dead Goat showings while expanding the known footprint across multiple structurally controlled skarn zones spanning approximately 1.3 kilometers of strike length."These results represent a meaningful step forward in defining Magno as a large, zoned, intrusion-related mineral system," said Robert Birmingham, President and CEO of GoldHaven. "The confirmation of high-grade silver-lead-zinc mineralization, extensive tungsten, elevated copper within intrusive rocks, and strong bismuth-tellurium pathfinder anomalies reinforces our interpretation of a porphyry-driven system at depth. The emerging geological and metal zonation patterns share important similarities with Coeur Mining's Silvertip district, while Magno's broader critical-metal footprint highlights the potential for a multi-commodity discovery with district-scale upside."The tungsten discovery comes at a strategically important time for Western economies. China implemented strict export controls on tungsten throughout 2025, and the country controls over 80% of global tungsten supply. The metal possesses the highest melting point of any element, making it essential for cutting tools, defense applications including ammunition and armor, semiconductor manufacturing, and energy infrastructure. These export restrictions have elevated tungsten to critical mineral status across North America and Europe.The 2025 program at Magno successfully verified historical showings while discovering tungsten at Vines Lake where previous sampling had not documented the metal. Results from 357 samples revealed bonanza silver grades up to 2,370 grams per tonne alongside lead values exceeding 20% and zinc reaching 3.8% at the Magno and D-Zone carbonate replacement occurrences. Forty-five samples returned over 100 grams per tonne silver. The discovery of indium adds another strategic dimension, with values up to 334 parts per million. Indium is used in electronics and renewable energy technologies.GoldHaven has also completed its inaugural diamond drilling program at the Copeçal Gold Project in Brazil. Nine holes totaling 1,085.7 meters tested priority targets and discovered bornite, which suggests potential for a substantial gold-copper system. The company also confirmed high-grade copper mineralization at its Three Guardsmen Project, with surface sampling returning grades up to 15.85% copper.GoldHaven now controls 133,186.16 hectares across proven mining jurisdictions with multiple projects advancing simultaneously and assay results pending from Copeçal. All projects are supported by a comprehensive 43-101 Technical Report.CONTINUED… Read this and more news for GoldHaven Resources at:  
https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/ In other industry developments and happenings in the market include:American Tungsten (CSE: TUNG) (OTCQB: TUNGF) reported significant tungsten-silver results from initial underground drilling at its IMA Mine in Lemhi County, Idaho, with all four holes intersecting meaningful mineralization. Highlights included 31 feet grading 0.48% WO3 and 1.84 oz/t silver in hole AT25-01, 11.1 feet grading 1.08% WO3 and 2.05 oz/t silver in AT25-02, and 16.3 feet grading 0.54% WO3 and 1.79 oz/t silver in AT25-03."These results show strong grades over significant widths, underscoring the high-quality nature of the IMA Tungsten asset, which has never been systematically targeted with modern exploration methods," said Ali Haji, CEO of American Tungsten. "They will support the definition of a Mineral Resource—an important step toward bringing the mine online."Drilling operations continue from the D Level with seven additional holes planned totaling approximately 2,600 feet, while development of the first drill station on the Zero Level is complete with up to 20 holes totaling approximately 10,000 feet planned. American Tungsten holds an exclusive option to acquire full ownership of the historic past-producing IMA Mine situated on 22 patented claims with significant infrastructure already in place.NGEx Minerals (TSX: NGEX) (OTC: NGXXF) has reported drill results from its Phase 4 program at the Lunahuasi copper-gold-silver project including 1,246.50 metres at 0.86% copper equivalent from hole DPDH049 and 131.00 metres at 5.09% copper equivalent including 5.00 metres at 29.05% copper equivalent from hole DPDH057. The drill campaign with over 17,000 metres completed to date continues to demonstrate both broad stockwork mineralization and high-grade massive sulphide vein systems across the 100%-owned Argentine project."These latest results highlight two of the mineralization types occurring at Lunahuasi, a broad zone of stockwork and disseminated mineralization with an intersection over a kilometer in length, and very high-grade massive sulphide vein mineralization," said Wojtek Wodzicki, President and CEO of NGEx Minerals. "Both styles of mineralization are important at Lunahuasi and demonstrate the size, strength, and optionality of the mineralized system."The company's drilling program remains ahead of schedule with fifteen holes completed and eight underway including larger step-outs and blue-sky exploration targets. NGEx Minerals continues to extend the boundaries of the mineralized envelope while building confidence in its geological model ahead of additional results expected over the coming months.Eldorado Gold (NYSE: EGO) (TSX: ELD) and Foran Mining (TSX: FOM) (OTCQX: FMCXF) entered a definitive agreement for Eldorado Gold to acquire all outstanding shares of Foran Mining in a transaction valued at approximately C$3.8 billion. The combination brings together two fully financed development assets—Skouries in Greece and McIlvenna Bay in Saskatchewan—both on budget and schedule to achieve commercial production in mid-2026, creating a sector-leading gold-copper producer expected to generate approximately 900,000 gold equivalent ounces in 2027."This combination creates a stronger gold and copper growth company, defined by near-term cash flow generation and multiple catalysts," said George Burns, CEO of Eldorado Gold. "With Skouries and McIlvenna Bay scheduled to come online in 2026, the combined business is positioned for a step-change in production, cash flow, and global relevance.""This transaction gives McIlvenna Bay the scale and financial strength to fully realize its potential, including the ability to accelerate phased expansion opportunities over time," said Dan Myerson, Executive Chair and CEO of Foran Mining. "Having advanced through the risk curve associated with development, the company is fast approaching an inflection point towards enhanced free cash flow and production growth."Under the arrangement, Foran Mining shareholders will receive 0.1128 Eldorado Gold shares and $0.01 cash per share, with existing shareholders owning approximately 76% and 24% of the combined company respectively. The pro-forma entity is expected to generate approximately $2.1 billion in EBITDA and $1.5 billion in free cash flow in 2027, with the transaction anticipated to close in Q2 2026 following shareholder approvals expected by April 14.Article Source: https://usanewsgroup.com/goh-profile/ CONTACT:
USA NEWS GROUP
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez, B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report "GoldHaven Resources Completes Summer Exploration Programs" states that the technical information has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.kitco.com/news/off-the-wire/2026-01-29/tungsten-price-rises-record-highs-export-curbs-turn-supply-heathttps://www.state.gov/releases/office-of-the-spokesperson/2026/02/2026-critical-minerals-ministerialhttps://www.jpmorgan.com/insights/global-research/commodities/copper-outlookhttps://www.whitecase.com/insight-our-thinking/mining-metals-2026-adapting-policy-driven-business-cycleLogo - https://mma.prnewswire.com/media/2838876/5793831/USA_News_Group_Logo.jpg



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Original: Western Tungsten Scramble Heats Up as China Locks Down 80% of Global Supply

Eldorado and Foran Combine to Create a Leading Gold and Copper ProducerFebruary 2, 2026 6:00 AM
PR Newswire (Canada)

Combination strengthens Eldorado's exceptional growth profilePro-Forma Company to generate sector-leading free cash flow and profit marginsLong-life assets with near-term organic expansion and scaleDiversifies portfolio with addition of a project of Canadian national importanceDan Myerson to join Board of Directors (All amounts expressed in U.S. dollars unless otherwise noted)VANCOUVER, BC, Feb. 2, 2026 /CNW/ - Eldorado Gold Corporation (TSX: ELD) (NYSE: EGO) ("Eldorado") and Foran Mining Corporation (TSX: FOM, OTCQX: FMCXF) ("Foran") are pleased to announce that they have entered into an agreement whereby Eldorado will acquire Foran to create a sector-leading gold-copper mining company with significant near-term growth, strong cash flow generation, long-life assets, and a diversified portfolio. This positions Eldorado to benefit from robust metal prices and rising demand for critical minerals. By bringing together two high-quality, fully financed development assets – Skouries in Greece and McIlvenna Bay in Saskatchewan, Canada – which are both on budget and on schedule to achieve commercial production in mid-2026, the combined company will offer a clear and compelling re-rate opportunity. With a diversified asset base anchored in Canada and a peer-leading exploration pipeline, the combined company is designed to generate resilient, long-term cash flows capable of self-funding sustained growth.







Transaction OverviewEldorado and Foran have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which Eldorado will acquire all of the issued and outstanding common shares of Foran (the "Foran Common Shares"), including those Foran Common Shares to be issued on conversion of the non-voting shares of Foran (the "Foran Non-Voting Shares", and together with the Foran Common Shares, the "Foran Shares"), other than the Foran Shares already owned by Eldorado or its affiliates, by way of a court-approved plan of arrangement (the "Transaction"). Pursuant to the terms of the Arrangement Agreement, Foran shareholders will receive 0.1128 common shares of Eldorado (each whole share, an "Eldorado Share") and $0.01 in cash for each Foran Share held (the "Consideration"), representing an 8.0% premium to the 20-day volume-weighted average trading price ("VWAP") of the Foran Common Shares, based on the 20-day VWAP of the Eldorado Shares for the period ended January 30, 2026, and, following the recent increase in Foran's share price, represents a nil premium to the closing price of the Foran Common Shares on the Toronto Stock Exchange ("TSX") on January 30, 2026 implying an equity value for Foran of approximately C$3.8 billion. Upon completion of the Transaction, existing Eldorado and Foran shareholders will own approximately 76% and 24% of the combined company, respectively.Strategic Rationale: A New Global Gold-Copper LeaderPeer-leading near-term growth: Positioned to deliver a leading growth profile, underpinned by two fully financed development projects – Skouries and McIlvenna Bay advancing toward commercial production in mid-2026. Expected to produce approximately 900k gold equivalent ounces in 2027(1).Substantial EBITDA & free cash flow: Expected to generate approximately $2.1 billion of EBITDA(2) and $1.5 billion in free cash flow(3) in 2027. This robust long-term cash flow will fund growth initiatives, strengthen balance sheet, and support continued shareholder returns through dividend and share buyback programs, while maintaining financial flexibility through commodity cycles.Long-life, diversified asset base: Combined portfolio delivers balanced gold-copper exposure (~77% gold, ~15% copper, ~8% other metals) across attractive mining jurisdictions in Canada, Greece, and Türkiye, providing jurisdictional and commodity diversification.Significant exploration upside: Eldorado will continue to accelerate high-value organic growth opportunities. This includes advancing Foran's high-grade polymetallic Tesla zone as well as maximizing the exploration potential surrounding Eldorado's existing operating and development assets.Compelling re-rate opportunity: With increased scale and trading liquidity, near-term growth and enhanced Canadian exposure the combination will support a valuation re-rate opportunity.Sustainability-focused operations: Strong alignment across sustainability principles, carbon efficient practices, and a shared commitment to responsible mining will enable the combined company to focus on transparent sustainability performance and continued advancement in GHG emissions mitigation.Leadership CommentaryGeorge Burns, Chief Executive Officer of Eldorado commented "This combination creates a stronger gold and copper growth company, defined by near-term cash flow generation and multiple catalysts. It is supported by a portfolio of long-life assets, exceptional exploration upside, and meaningful exposure to critical minerals across a well-balanced, multi-jurisdictional portfolio. With Skouries and McIlvenna Bay scheduled to come online in 2026, the combined business is positioned for a step-change in production, cash flow, and global relevance. Increasing our exposure to Canada, through an asset in Saskatchewan, consistently recognized as one of the world's most attractive mining jurisdictions strengthens our portfolio. We're excited about the opportunity to contribute to the province's continued success. Strong cultural and sustainability alignment, together with operations in Canada, Greece, and Türkiye create a stronger, more resilient platform for decades to come."Steven Reid, Chair of the Board of Eldorado commented "The Board of Eldorado is pleased to welcome Dan Myerson to the Eldorado Board of Directors on completion of the transaction. Together, George and Dan will provide valuable continuity, operational experience and capital markets experience to the Board and Eldorado. During 2026 the Board will embark on a process specifically to advance its board succession program."Dan Myerson, Executive Chair and Chief Executive Officer of Foran said "This transaction gives McIlvenna Bay the scale and financial strength to fully realize its potential, including the ability to accelerate phased expansion opportunities over time. Coupled with Skouries, this positions Eldorado to advance two world-class assets into production in short order. Having advanced through the risk curve associated with development, the company is fast approaching an inflection point towards enhanced free cash flow and production growth. I look forward to being actively involved in supporting a compelling strategy that creates an unmatched opportunity for growth and scale. We share a belief that people are the most important asset, and that disciplined execution and a relentless focus on value creation are what enable durable, generational success."Government SupportThe Honourable Scott Moe, Premier of Saskatchewan, said, "This proposed transaction reinforces Saskatchewan's position as a leading destination for responsible resource development. McIlvenna Bay is a high-quality project that will deliver jobs, investment, and long-term economic benefits for the province. A combination with Eldorado would further strengthen the project's development pathway and underscore Canada's role in supplying critical minerals to both domestic and global markets."Canadian Headquarters and Economic BenefitsThe combined business will remain headquartered in Vancouver, British Columbia, under the Eldorado Gold name, and intends to expand and accelerate levels of investment in Canadian exploration and development activities. Alongside the Lamaque Complex in Quebec, McIlvenna Bay will become another cornerstone Canadian asset within the portfolio, supporting sustained employment and long-term economic contributions in Saskatchewan and Canada. The economic and critical mineral significance of McIlvenna Bay has also been recognized by the Government of Canada, being among the first projects referred for consideration to the new Major Projects Office as a project of national interest.Transaction Approvals and TimingThe Transaction will be completed pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia) and is expected to close in Q2 2026.The Transaction will require approval of at least: (i) two-thirds of the votes cast by the holders of Foran Common Shares and Foran Non-Voting Shares, voting together as a single class, (ii) two-thirds of the votes cast by the holders of Foran Common Shares, Foran Non-Voting Shares, Foran stock options, Foran restricted share units and Foran deferred share units, voting together as a single class; (iii) if applicable, a simple majority of the votes cast by the holders of Foran Common Shares, voting as a separate class, excluding those votes attached to Foran Common Shares held by persons required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"); and (iv) if applicable, a simple majority of the votes cast by the holders of Foran Non-Voting Shares, voting as a separate class, excluding those votes attached to Foran Non-Voting Shares held by persons required to be excluded pursuant to MI 61-101, in each case, at a special meeting of Foran securityholders expected to be held on or before April 14, 2026.  Each of the directors and senior officers of Foran who collectively own 4% of the Foran Common Shares have entered into a voting and support agreement with Eldorado, pursuant to which, subject to the terms and conditions set forth therein, they will vote their securities held, as applicable, in favour of the Transaction.Issuance of the Consideration in connection with the Transaction will require approval of a simple majority of the votes cast by the holders of Eldorado Shares at a special meeting of Eldorado shareholders expected to be held on or before April 14, 2026. Each of the directors and senior officers of Eldorado, who collectively own approximately 0.3% of the Eldorado Shares, has entered into a voting and support agreement with Foran pursuant to which, subject to the terms and conditions set forth therein, they will vote their securities held in favour of the Transaction.In addition to securityholder and court approvals, the closing of the Transaction is subject to certain regulatory approvals (including the approvals of the TSX, NYSE and the Competition Bureau) and the satisfaction of other closing conditions customary for a transaction of this nature. The Arrangement Agreement includes customary deal protections, including a non-solicitation covenant on the part of Foran, the right of Eldorado to match any superior proposal for Foran. Each party is entitled to a break fee upon the occurrence of certain customary circumstances.Subject to the satisfaction or waiver by the parties of all necessary closing conditions, including the receipt of all required approvals, the parties anticipate completion of the Transaction in Q2 2026. Following completion of the Transaction, Foran shares will be delisted from the TSX and the OTCQX, and Foran will cease to be a reporting issuer under Canadian securities laws. Full details of the Transaction will also be included in the meeting materials of Eldorado and Foran, which are expected to be mailed to Eldorado shareholders and Foran securityholders by mid-March 2026 and will also be available under Eldorado's SEDAR+ profile and on EDGAR and Foran's SEDAR+ profile. None of the securities to be issued pursuant to the Transaction have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issuable in the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities.Board of Directors' RecommendationsThe Board of Directors of both Foran and Eldorado have unanimously approved the Transaction. Each board also appointed a special committee of independent directors to consider and make a recommendation in respect to the Transaction, and both special committees unanimously recommended that their respective Board of Directors approve the Transaction.Advisors and CounselBMO Capital Markets is acting as financial advisor to Eldorado. RBC Capital Markets provided an independent fairness opinion to the Eldorado special committee. Blake, Cassels & Graydon LLP is acting as legal advisor to Eldorado and Fasken Martineau DuMoulin LLP is acting as legal advisor to the Eldorado special committee.Morgan Stanley Canada Limited, National Bank Capital Markets and Mills Dunlop Capital Partners are acting as financial advisors to Foran. Stifel Nicolaus Canada Inc. provided an independent fairness opinion and is acting as financial advisor to the Foran special committee. McCarthy Tétrault LLP is acting as legal advisor to Foran.Conference CallEldorado and Foran will host a joint conference call to discuss the Transaction on February 2, 2026, at 8:00 AM ET (5:00 AM PT). The joint conference call will be hosted by George Burns and Christian Milau, Chief Executive Officer and President of Eldorado, respectively, joined by Dan Myerson, Executive Chairman and CEO of Foran.The call will be webcast and the accompanying presentation can be accessed at Eldorado Gold's website at www.eldoradogold.com and Foran's website www.foranmining.com. The webcast can also be accessed at https://event.choruscall.com/mediaframe/webcast.html?webcastid=5QMUgyhh.Conference Call Details 
Date:       February 2, 2026
Time:       8:00 AM ET (5:00 AM PT)
Dial in:    +1 647 846 2782
Toll free:  1 833 752 3325 Participants may elect to pre-register for the conference call via this link: https://dpregister.com/sreg/10206382/10339022f08. Upon registration, participants will receive a calendar invitation by email with dial in details and a unique PIN. This will allow participants to bypass the operator queue and connect directly to the conference. Registration will remain open until the end of the conference call.A telephone replay of the call will be available through March 16, 2026. The webcast will be archived for three-months, and available via the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=5QMUgyhh. Replay (available until March 16, 2026)
Vancouver:     +1 412 317 0088 
Toll Free:        1 855 669 9658 
Access code:  4437397 About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. Eldorado 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).About Foran
Foran is a near-term critical minerals producer, committed to supporting a greener future and empowering communities while creating value for our stakeholders.  The McIlvenna Bay project is located within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development and exploration activities of Foran, and hosts the McIlvenna Bay Deposit and Tesla Zone.The McIlvenna Bay Deposit is a copper-zinc-gold-silver rich deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay Property sits just 65 km West of Flin Flon, Manitoba, and is part of the world-class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran's ground in eastern Saskatchewan, a distance of over 225 km.(1) Gold equivalent ounces (GEO): Based on public disclosure assuming street consensus analyst prices of US$3,965/oz Au, US$47.54/ oz Ag, US$5.02/lb Cu and US$1.26/lb Zn in 2027.(2) EBITDA calculated as revenue based on public disclosure less cash operating costs based on street consensus analyst estimates as per S&P CapIQ.(3) Based on street consensus estimates as per FactSet, calculated as operating cash flow less capex.Cautionary Note about Forward-looking Statements and InformationCertain of the statements made and information provided in this news 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 "anticipates", "believes", "budget", "continue", "deliver" "estimates", "expects", "forecasts", "generate" "guidance", "intends", "plans", "projected" or "scheduled" 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: Eldorado and Foran's intent to complete the Transaction and specifically Eldorado's intent to acquire all the outstanding Foran Shares; the consummation and timing of the Transaction; approval of the Transaction by Eldorado shareholders and Foran securityholders; satisfaction and timing of the closing conditions of the Transaction, including timing, receipt and anticipated effects of court, regulatory and other consents and approvals; management's views on the positive impacts of the proposed Transaction and the strategic rationale for the Transaction; management's belief that the combined entity is a re-rate opportunity; views on the life of assets; expectations of benefits from metal prices and demand for critical minerals; management's view of the exploration potential of the combined entity; the combined company's focus on its commitment to transparent performance and GHG mitigation; management's belief that the combined company will be capable of organically funding sustained growth; expected weightings of the combined portfolio; expectations that Skouries and McIlvenna Bay projects are on track and on budget and will enter into production in 2026; expected production and free cash flow of the combined entity in 2027; economic benefits for the Province of Saskatchewan and Canada; intent to advance GHG emission mitigations; expected additions and changes to the Eldorado Board and a future Board succession process; expected outcomes of voting support agreements; the expected percentage of the combined company that would be owned by former Foran shareholders; expected shareholder meeting and associated mailing dates; the location of headquarters of the combined company; management's estimate of a closing date; and generally, Eldorado's strategy, plans, goals and priorities.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 Eldorado and the combined company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.Forward-looking statements and forward-looking information are by their nature based on a number of assumptions, that management considers reasonable. However, such assumptions involve both known and unknown risks, uncertainties, and other factors which, if proven to be inaccurate, may cause actual results, activities, performance or achievements may be materially different from those described in the forward-looking statements or information. These include, for Eldorado and the combined company, assumptions concerning: timing, cost and results of our construction and development activities, improvements and exploration; the future price of gold, copper and other commodities; exchange rates; anticipated values, costs, expenses and working capital requirements; production and metallurgical recoveries; mineral reserves and resources; our ability to effectively use invested capital and unlock potential expansion opportunities across the portfolio; our ability to address the negative impacts of climate change and adverse weather; consistency of agglomeration and our ability to optimize it in the future; the cost of, and extent to which we use, essential consumables (including fuel, explosives, cement, and cyanide); the impact and effectiveness of productivity initiatives; the time and cost necessary for anticipated overhauls of equipment; expected by-product grades; the use, and impact or effectiveness, of growth capital; the impact of acquisitions, dispositions, suspensions or delays on our business; the sustaining capital required for various projects; and the geopolitical, economic, permitting and legal climate that Eldorado operates in.  The information contained in footnotes 1 and 2 of this release are key assumptions to the forward-looking metrics to which they relate.In addition, except where otherwise stated, Eldorado and Foran have assumed completion of the Transaction on the contemplated timeline and, except where otherwise stated, a continuation of existing business operations on substantially the same basis as exists at the time of this news release.  Even though we believe that the assumptions and 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.Forward-looking statements and forward-looking information are subject to known and unknown risks, uncertainties and other important factors that may cause actual results, activities, performance or achievements to be materially different from those described in the forward-looking statements or information. These risks, uncertainties and other factors include, among others: receipt of approval from Eldorado shareholders and Foran securityholders, and the required court, regulatory and other consent and approvals to complete the Transaction; the potential of a third party making a superior proposal to the Transaction and the possibility that the Arrangement Agreement could be terminated as a result of a superior proposal; development risks at Skouries and other development projects; risks relating to our operations in foreign jurisdictions; risks related to production and processing; our ability to secure supplies of power and water at a reasonable cost; prices of commodities and consumables; our reliance on significant amounts of critical equipment; our reliance on infrastructure, commodities and consumables; inflation risk; community relations and social license; environmental matters; geotechnical and hydrogeological conditions or failures; waste disposal; mineral tenure; permits; non-governmental organizations; reputational issues; climate change; change of control; actions of activist shareholders; estimation of Mineral Reserves and Mineral Resources; regulatory reviews and different standards used to prepare and report Mineral Reserves and Mineral Resources; risks relating to any pandemic, epidemic, endemic, or similar public health threats; regulated substances; acquisitions, including integration risks; dispositions; co-ownership of our properties; investment portfolio; volatility, volume fluctuations, and dilution risk in respect of our shares; competition; reliance on a limited number of smelters and off-takers; information and operational technology systems; liquidity and financing risks; indebtedness (including current and future operating restrictions, implications of a change of control, ability to meet debt service obligations, the implications of defaulting on obligations and changes in credit ratings); total cash costs per ounce and AISC (particularly in relation to the market price of gold and the combined company's profitability); currency risk; interest rate risk; credit risk; tax matters; financial reporting (including relating to the carrying value of our assets and changes in reporting standards); the global economic environment; labour (including in relation to employee/union relations, the Greek transformation, employee misconduct, key personnel, skilled workforce, expatriates, and contractors); commodity price risk; default on obligations; current and future operating restrictions; reclamation and long-term obligations; credit ratings; change in reporting standards; the unavailability of insurance; Sarbanes-Oxley Act, applicable securities laws, and stock exchange rules; risks relating to environmental, sustainability, and governance practices and performance; corruption, bribery, and sanctions; employee misconduct; litigation and contracts; conflicts of interest; compliance with privacy legislation; dividends; tariffs and other trade barriers; and those risk factors discussed in Eldorado's most recent Annual Information Form & Form 40-F and Foran's most recent Annual Information Form. The reader is directed to carefully review the detailed risk discussion in Eldorado's most recent Annual Information Form & Form 40-F filed on SEDAR+ and EDGAR and in Foran's most recent Annual Information Form filed on SEDAR+, which discussions provide a fuller understanding of the risks and uncertainties that affect Eldorado's and Foran's respective businesses 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, neither Eldorado nor Foran expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of Eldorado's and Foran's businesses contained in their respective reports filed with the securities regulatory authorities in Canada and the U.S., as applicable.Qualified PersonExcept as otherwise noted, Simon Hille, FAusIMM, Executive Vice President, Technical Services and Operations, is the Qualified Person under NI 43-101 responsible for preparing and supervising the preparation of the scientific or technical information contained in this news release and verifying the technical data disclosed in this document relating to our operating mines and development projects.Non-IFRS MeasuresFor the definition of non-IFRS financial measures and reconciliation to directly comparable IFRS financial measures, please refer back to Eldorado's most recent MD&A published as part of its Q3 2025 results. 










SOURCE Foran Mining Corporation

Original: Eldorado and Foran Combine to Create a Leading Gold and Copper Producer

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 -







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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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Source: Eldorado Gold Corporation
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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
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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.


Primary Logo

Figure 1

QMX’s extensive and target-rich land package
GlobeNewswire
December 19, 2019 - 5:00 AM PST
Tags:
INDUSTRIAL METALS & MINERALS
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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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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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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...

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