Eldorado Gold
 |
|
| Public | |
| Traded as | : ELD : EGO |
| Industry | Gold |
| Founded | 1992 but amalgamated as Eldorado Gold Corporation in 1996 |
| Headquarters | Vancouver, British Columbia, Canada |
|
Number of locations
|
Brazil, Greece, Romania, Serbia, Turkey |
|
Key people
|
Paul N. Wright (President & CEO) Paul Skayman (COO) Fabiana Chubbs (CFO) Dawn Moss (EVP Administration) |
| Revenue | US$863.3 million (2015) |
| US$256.92 million (2015) | |
| US$(1.645) billion (2015) | |
| Total assets | US$5.464 billion (2015) |
| Total equity | US$3.752 billion (2015) |
|
Number of employees
|
4,600 (end 2016) |
| Subsidiaries | Tuprag www.tuprag.com.tr Hellas Gold www.hellas-gold.com |
| Website | www.eldoradogold.com |
Eldorado Gold Corporation is a Canadian mid-cap gold mining company. It has assets in Turkey, Greece, Romania, Brazil and Serbia. Eldorado's activities involve all facets of mining, including exploration, development, production and reclamation.
With headquarters in Vancouver, Eldorado's 14 offices and operations employ over 4,600 people worldwide. The company operates as a decentralized business unit with the majority of employees and management being nationals of the country where offices are located.
Eldorado has over 20 years of experience in building and operating mines globally. The company is dedicated to responsible operations, the highest safety and environmental standards and working with stakeholders to enhance the communities where it operates.
Eldorado is publicly traded on the Toronto Stock Exchange (TSX: ELD) and on the New York Stock Exchange (NYSE: EGO).
Eldorado has two operating gold mines, Kisladag and Efemcukuru, both of which are in western Turkey. Together, these produce about 40% of Turkey's total annual gold production.
Eldorado also operates a small silver-lead-zinc mine in Greece: Stratoni.
Eldorado produced just over 485,000 ounces of Au in 2016 at average cash operating costs of US$578 per ounce and all in sustaining costs of approximately $915 per ounce.
At the end of 2015, the company had proven and probable gold reserves of approximately 25 million ounces.
The company estimates it will produce between 365,000-400,000 ounces of gold at cash operating costs between $485–535 per ounce in 2017.
Eldorado operates in Turkey under its subsidiary: Tuprag and in Greece under its subsidiaries: Hellas Gold and Thracean Gold Mining.
Eldorado produced 486,025 ounces of gold in 2016 at all-in sustaining costs of approximately $900 per ounce. The Company generated $605.9 million in revenue and reported a loss of $344.2 million for full year 2016.
In Q1 2017 Eldorado produced 75,172 ounces of gold at all-in sustaining cash costs of $791 per ounce. The Company reported adjusted net earnings for the quarter of $8 million and also announced it had commissioned phase II development at its Olympias gold mien in Greece.
Eldorado has three development projects in Greece, one in Romania and one in Brazil.
Greece Hellas Gold's three assets are located in the Halkidiki peninsula in northern Greece. Hellas Gold operates Stratoni, an underground, silver-lead-zinc mine and is developing Olympias, a polymetallic deposit and Skouries, a gold-copper porphyry. All three projects have full environmental approvals, that have been challenged and upheld on multiple occasions by the Council of State, Greece’s Supreme Court on environmental and administrative affairs.
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Wikipedia