Skouries mine

Eldorado Gold Announces Third Quarter 2023 Preliminary Production and Conference Call Details; Provides Project Update on Skouries

Retrieved on: 
Sunday, October 1, 2023
Efemçukuru, Wildfire, Olympias, El Dorado, Gold, Mechanical, Skouries mine, Engineering, Uranium mining, Rare-earth element, Dam, Construction

Eldorado Gold will release its Q3 2023 financial and operating results on October 26, 2023.

Key Points: 
  • Eldorado Gold will release its Q3 2023 financial and operating results on October 26, 2023.
  • At Lamaque, third quarter production increased slightly over the first and second quarter.
  • Third quarter gold production at Kisladag increased by 1% and 9% over the first and second quarter, respectively.
  • Third quarter gold production at Olympias increased by 13% and 35% over the first and second quarter, respectively.

West Red Lake Gold Mines Strengthens Leadership: Shane Williams Appointed President and CEO, Duncan Middlemiss Joins as Independent Director

Retrieved on: 
Tuesday, June 6, 2023
Techno-economic assessment, University, Past, Senior, Eskay Creek, Electrical engineering, Red Lake, Wesdome Gold Mines, University of Limerick, Eldorado Gold, Vale Canada, Skeena, US, Gold, Acquisition, Project management, Mining, Engineering, Dublin Institute of Technology, Pleasure, El Dorado, Queen's University, Agnico Eagle, Skouries mine, Abitibi greenstone belt, Management

The Company is also pleased to report Mr. Duncan Middlemiss has joined West Red Lake Gold as an independent director.

Key Points: 
  • The Company is also pleased to report Mr. Duncan Middlemiss has joined West Red Lake Gold as an independent director.
  • “I am thrilled to join West Red Lake Gold as President and CEO to move forward the Company’s remarkable assets,” commented Mr. Williams.
  • "I am pleased to welcome Shane Williams as the new President and CEO of West Red Lake Gold.
  • Tom Meredith commented, “It has been a pleasure leading the excellent team at West Red Lake Gold.

Eldorado Gold Closes €680 million Project Financing Facility for the Development of Skouries

Retrieved on: 
Wednesday, April 5, 2023
Eldorado Gold, Gold, Copper, Project, Letter, Facility, News, Skouries mine, Euro

VANCOUVER, British Columbia, April 05, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) and its wholly-owned subsidiary, Hellas Gold Single Member S.A. (“Hellas”), are pleased to announce that Hellas has satisfied all necessary precedent conditions and has closed its previously announced €680 million project financing facility (the “Facility”) for the development of the Skouries Project in Northern Greece (“Skouries” or the “Project”).

Key Points: 
  • VANCOUVER, British Columbia, April 05, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) and its wholly-owned subsidiary, Hellas Gold Single Member S.A. (“Hellas”), are pleased to announce that Hellas has satisfied all necessary precedent conditions and has closed its previously announced €680 million project financing facility (the “Facility”) for the development of the Skouries Project in Northern Greece (“Skouries” or the “Project”).
  • The Facility is structured to provide 80% of the funding required to complete the Project, with the remaining 20% to be funded by the Company.
  • Hellas contributed €31.2 million (approximately US$34.0 million) from January 2022 through to the end of March 2023, on early works activities at Skouries, which will be applied as a credit towards the Company’s equity commitment per the terms of the Facility.
  • The Company’s equity commitment for the Project is backstopped by a letter of credit in the amount of €190 million issued under the Company’s revolving credit facility.

Eldorado Gold Provides Update on Results from Ormaque Step-out Drilling and Overview of 2023 Global Exploration Programs

Retrieved on: 
Thursday, March 30, 2023
Eldorado Gold, Brüll, Resource, Bati, GM, Projection, Acquisition, Soil, News, Vein, 3D, Suite (music), Abitibi, Muhtar, National instrument, Burns, Horizontal drillhole disposal, Skouries mine, MRMR, Triangle, Gold, Montgolfier brothers, Laboratory, Efemçukuru, Lens, François-Charles de Bourlamaque, Parallel, Casa Berardi Mine, CACC, Uranium mining, Natural gas, Mining, Rare-earth element, Oil, Kirkland Lake, Brownfield land

VANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado Gold”, the “Company” or “We”) is pleased to provide new results from step-out drilling at the Ormaque deposit in Quebec.

Key Points: 
  • VANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado Gold”, the “Company” or “We”) is pleased to provide new results from step-out drilling at the Ormaque deposit in Quebec.
  • “Eldorado Gold is committed to investing in organic growth opportunities through brownfields exploration surrounding our current operations, and funding greenfield exploration initiatives to strategically expand our global footprint,” said George Burns, President and CEO of Eldorado Gold.
  • Gold grades for drillhole intervals at the Ormaque deposit listed in this release are capped at 70 g/t gold.
  • Eldorado Gold operates its exploration programs according to industry best practices and employs rigorous quality assurance and quality control procedures.

Eldorado Provides 2023 Production and Cost Guidance and Outlines Five-Year Growth Profile; Achieving Approximately 700K Ounces of Gold Production in 2027

Retrieved on: 
Thursday, February 23, 2023
Parallel, Food, News, Gold, Zinc, Silver, Public expenditure, Workforce, Life, François-Charles de Bourlamaque, Triangle, Engineering, Mining, El Dorado, Electricity, Copper, Olympias, Turkish lira, Sale, Lead, Facility, Uranium mining, Skouries mine, Efemçukuru

To support our workforce with the rising costs of food and electricity, approximately half of the adjustment was provided in mid-2022 with the remaining provided in January 2023.

Key Points: 
  • To support our workforce with the rising costs of food and electricity, approximately half of the adjustment was provided in mid-2022 with the remaining provided in January 2023.
  • In 2023, Kisladag is expected to mine and place on leach approximately 12.5 to 13.0 million tonnes of ore at an average gold grade of 0.70 to 0.75 grams per tonne.
  • Planned 2023 sustaining capital of $14 to $19 million is primarily related to equipment overhauls and processing improvements.
  • Spending at Perama Hill during the year is forecast to be less than $1 million, attributed to mine stand-by costs.

Fluor Selected for Skouries Project in Greece

Retrieved on: 
Thursday, January 5, 2023
Architecture, Commercial Building & Real Estate, Construction & Property, Natural Resources, Building Systems, Engineering, Mining, Minerals, Manufacturing, Economic development, Skouries mine, Copper, FLR, EPCM, Multimedia, Corporation, Fluor Corporation, Gold, NYSE, Fluor, Eldorado Gold, Metal, Engineering, Mining, Construction

Fluor Corporation (NYSE: FLR) announced today that it was selected by Hellas Gold Single Member S.A., a wholly-owned subsidiary of Eldorado Gold Corp., to provide engineering, procurement and construction management (EPCM) services for its Skouries gold-copper mining project located within the Halkidiki Peninsula of Greece.

Key Points: 
  • Fluor Corporation (NYSE: FLR) announced today that it was selected by Hellas Gold Single Member S.A., a wholly-owned subsidiary of Eldorado Gold Corp., to provide engineering, procurement and construction management (EPCM) services for its Skouries gold-copper mining project located within the Halkidiki Peninsula of Greece.
  • Fluor booked its share of the $845 million project investment value in the fourth quarter of 2022.
  • View the full release here: https://www.businesswire.com/news/home/20230105005314/en/
    View of the Skouries project in Greece.
  • Fluor’s Vancouver office will serve as the lead office for the project with support from its New Delhi and Calgary offices.

Eldorado Gold Announces €680 Million Project Financing and Board Approval for the Skouries Project

Retrieved on: 
Thursday, December 15, 2022
Piraeus Bank, Life, Steel, Internal rate of return, EURIBOR, Labour, Eldorado Gold, Letter, Term, National bank, Loan, Copper, Construction management, Engineering, News, Maintenance, Economics, RRF, Bank, Gold, National Bank of Greece, Workforce, FS, Growth, Burns, Line of credit, Olympias, Chairperson, Renewable energy, Construction, Security (finance), Uranium, Skouries mine, Project
Key Points: 

    Eldorado Gold Announces Third Quarter 2022 Preliminary Production; Provides Conference Call Details

    Retrieved on: 
    Wednesday, October 12, 2022
    Insurance, National instrument, Regulation, Corruption, Chemistry (relationship), Triangle, Income, Privacy, Contract, Olympias, Workforce, Senior, Private Securities Litigation Reform Act, Skouries mine, Goal, Company, Legislation, Nature, Tax, Phrase, Gold, Climate change, Forward-looking statement, EDGAR, COVID-19, Risk, Compliance, SEDAR, Public health, Public relations, Risk management, Audit

    In addition, 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.

    Key Points: 
    • In addition, 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.
    • Many assumptions may be difficult to predict and are beyond our control.
    • 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.

    Eldorado Gold Signs Mandate Letter for Skouries Project Finance Facility

    Retrieved on: 
    Wednesday, September 7, 2022
    Global Community Engagement and Resilience Fund, Phrase, COVID-19, Mining, National instrument, AISC, EBITDA, Documentation, Life, Term, Risk factor, Qatar Financial Information Unit, Disclosure, Risk, Ministry of Oil and Mineral Reserves (Syria), Metal, Securities commission, Economics, Senior, Forward-looking statement, Reading, Goal, Resource management, MD, Chemistry (relationship), Company, Gold, Failure, EDGAR, NI, NPV, Skouries mine, SEDAR, IRR, Annual report, Private Securities Litigation Reform Act, Mission statement, Review, Canadian Securities Administrators, Nature, Public relations, Risk management, Audit

    In addition, 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.

    Key Points: 
    • In addition, 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.
    • Many assumptions may be difficult to predict and are beyond our control.
    • The reader is directed to carefully review such document for a full understanding of the financial information summarized herein.
    • These standards differ from the requirements of the United States Securities Commission (the SEC) applicable to domestic United States reporting companies.

    Eldorado Gold Announces Improved Second Quarter 2022 Preliminary Production; Maintains Full-Year Consolidated Production Guidance; Provides Conference Call Details

    Retrieved on: 
    Wednesday, July 13, 2022
    Income, Public health, Goal, EDGAR, Compliance, Tax, Privacy, SEDAR, Gold, Chemistry (relationship), Company, Regulation, National instrument, Insurance, Olympias, COVID-19, Phrase, Private Securities Litigation Reform Act, Skouries mine, Contract, Legislation, Risk, Forward-looking statement, Workforce, Nature, Climate change, Corruption, Triangle, Public relations, Risk management, Audit

    In addition, 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.

    Key Points: 
    • In addition, 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.
    • Many assumptions may be difficult to predict and are beyond our control.
    • 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.