Eldorado Gold (NYSE: EGO) (TSX: ELD) reviewed 11-14-2020
(All figures in USD)
Market Cap: $2.36 Billion Share Price: $13.56
Shares outstanding: 173,822,000
Cash and cash equivalents: $441 Million as of 30 Sept 2020
Debt: $326 Million as of 30 Sept 2020
Current operations: Yes. Mining operations in Turkey, Greece, Canada, Romania, and Brazil
Insider holdings: Low Institutional: 236 institutions own about 62%
Website: eldoradogold.com
https://s2.q4cdn.com/536453762/files/doc_financials/2020/q3/Q3-2020-V7.pdf
CEO: George Burns HQs: Vancouver, BC, Canada
Eldorado Gold engages in the exploration, mine development, production, and sale of gold and base metals
Q3 Highlights:
- Production of 136,922 oz of gold with AISC stated at $918
- Earnings of $41 Million or $0.24 per share on revenue of $287.6 Million
- Cash flow from operations $125.1 Million
- Free cash flow $117.2 Million
- Sold the Vila Nova mine (primarily iron ore) in Brazil for $10.0 Million in the quarter
- Eldorado is guiding the production of 520,000-550,000 oz Au for full-year 2020 with an AISC of $850-$950/oz
Bottom line:
- No position, but worthy of study
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