VANCOUVER, British Columbia, Feb. 22, 2024 Eldorado Gold Corporation, today reports the Company’s financial and operational results for the fourth quarter and year ended December 31, 2023..
VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) Eldorado Gold Corporation, (“Eldorado” or “the Company”) today reports the Company’s financial and operational results for the fourth quarter and year ended December 31, 2023. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) filed on SEDAR+ at www.sedarplus.com under the Company’s profile. Q4 2023 and Full-Year Summary Operations Gold production: 143,
Eldorado Gold Corporation (via Public) / Eldorado Gold Announces Results of Skouries Project Feasibility Study; After-Tax NPV of US$1.3 Billion and IRR of 19% publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
US markets mixed, April 26-30 The Dow Jones Industrial Average slipped 0.50% to finish the week at 33,874.85 and the S&P 500 rose 0.02% to 4,181.17. Spot gold declined by US$7.80 per oz., or 0.44%, to US$1,769.10 per ounce. Vale rose US$46¢ to US$20.12 per share. The company is evaluating a potential spinoff of its base metal division as part of its growing interest in the electric vehicle (EV) sector. The world’s top nickel producer, which is said to be in talks with Tesla and others in the EV supply chain about securing nickel from its Canadian operations, is in the process of expanding its Voisey’s Bay site in Newfoundland and Labrador. Vale’s plans include adding an underground mine to the Voisey’s Bay complex, which would produce about 40,000 tonnes of nickel-in-concentrate per year. On April 27, the company’s CEO Eduardo Bartolomeo told Reuters that Vale was in a position to be a significant supplier of premium metals to EV makers. The mining giant’s base metals business includes its operations in Canada, Brazil, U.K., South Korea, Japan, China, Taiwan, Indonesia, and Zambia.
604.616.2296 or 1.888.353.8166 Non-IFRS Measures Certain non-IFRS measures are included in this press release, including average realized gold price per ounce sold, cash operating costs and cash operating costs per ounce sold, total cash costs and total cash costs per ounce sold, all-in sustaining costs ( AISC ) and AISC per ounce sold, adjusted net earnings/(loss), adjusted net earnings/(loss) per share, working capital, cash flow from operations before changes in non-cash working capital, earnings before interest, taxes and depreciation and amortization ( EBITDA ) and adjusted earnings before interest, taxes and depreciation and amortization ( Adjusted EBITDA ), free cash flow and sustaining capital. Please see the March 31, 2021 MD&A for explanations and discussion of these non-IFRS measures. The Company believes that these measures, in addition to conventional measures prepared in accordance with International Financial Reporting Standards (“IFRS”), provide investors an improved ability to evaluate the underlying performance of the Company. The non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers.
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 âplansâ, âexpectsâ, âis expectedâ, âbudgetâ, âcontinueâ, âprojectedâ, âscheduledâ, âestimatesâ, âforecastsâ, âintendsâ, âanticipatesâ, or âbelievesâ or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results âmayâ, âcouldâ, âwouldâ, âmightâ or âwillâ be taken, occur or be achieved.