Here are three stocks with buy rank and strong value characteristics for investors to consider today, January 26:Eldorado Gold Corporation (EGO) : This mining and mineral exploration company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.5% over the last 60 days.Eldorado Gold Corporation has a price-to-earnings ratio (P/E) of 17.95, compared with 25.90 for the industry. The company possesses a Value Score of B.Intesa Sanpaolo S.p.A. (ISNPY ...

Financial Data and Key Metrics Changes - The company reported a net loss attributable to shareholders from continuing operations of $6.6 million or $0.03 loss per share in Q3 2023, impacted by a retroactive 5% corporate tax rate increase in Turkiye [59] - Adjusted net earnings were $35 million or $0.17 per share for the quarter, after accounting for one-time nonrecurring items [59] - Cash operating costs averaged $698 per ounce sold, with all-in sustaining costs averaging $1,177 per ounce sold, reflecting a decrease due to lower fuel and electricity prices [34][61] - Free cash flow in the quarter was negative $19.3 million, but positive $30 million when excluding capital investment in the Skouries project [60] Business Line Data and Key Metrics Changes - At Kisladag, Q3 production was 37,219 ounces with cash operating costs of $622 per ounce sold, a 17% reduction in cash costs compared to Q3 2022 [2] - At Lamaque, Q3 production was 43,821 ounces at cash operating costs of $624 per ounce sold, impacted by slower underground development due to wildfires [71] - At Olympias, Q3 production was 18,848 ounces with cash operating costs of $885 per ounce sold, showing improved productivity efficiencies [45] - At Efemcukuru, Q3 production was 21,142 ounces at cash operating costs of $817 per ounce sold, with expectations for a modest increase in Q4 production [42] Market Data and Key Metrics Changes - The company updated its full-year guidance, tightening gold production expectations to between 475,000 and 495,000 ounces, and lowering cash operating costs to between $730 and $780 per ounce sold [27] - The availability under the revolving credit facility was reduced to $116 million as of September 30, 2023, reflecting the funding commitment for the Skouries project [36] Company Strategy and Development Direction - The company is focused on completing key contracts and advancing growth projects, particularly at Skouries, which is on track for first gold production in mid-2025 [28][66] - The transition of engineering work to Greece is expected to optimize project execution and reduce costs [55][79] - The company is committed to improving emissions-related impacts and enhancing resilience in response to climate change [29][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational improvements and the ability to meet production guidance, citing infrastructure investments as a game changer [84] - The company anticipates continued improvement in underground operations and productivity, particularly at Olympias and Kisladag [85][88] - Management noted that external market factors have contributed to volatility but emphasized that internal operational controls are improving the overall position [15][84] Other Important Information - The company hosted a successful investor and analyst mine tour, showcasing productivity improvements and future opportunities across its European assets [30] - The Skouries project is advancing well, with construction activity at 34% completion and expected to ramp up further [64] Q&A Session Summary Question: How does the change in CapEx for Skouries affect the delivery schedule? - Management indicated that the reduction in CapEx is primarily a shift in timing and does not impact the overall schedule, with confidence in meeting the commissioning timeline for mid-2025 [48][77] Question: Will transitioning engineering work to Greece result in permanent cost savings? - Management confirmed that moving engineering work to Greece has improved cost structures and efficiency, with no risks to the project schedule [79][90] Question: What is the status of long lead items for Skouries? - All long lead items are ordered, with no concerns regarding schedule delays, and the last major piece of equipment, the filters, is on track for site assembly [121] Question: How are the electric trucks performing at Lamaque? - The electric trucks are expected to enhance productivity significantly, with a quick battery change time of about two minutes, improving operational efficiency [125]

Kışladağ, Türkiye Forward Looking Statement Definitions Capitalized terms used in this presentation but not otherwise defined herein have the meanings ascribed thereto in the Management's Discussion and Analysis dated July 27, 2023 of Eldorado Gold Corporation for the six months ended June 30, 2023 (the "MD&A"). Reporting Currency All amounts are presented in U.S. dollars ("$") unless otherwise stated. Unless otherwise specified, all tabular amounts are expressed in millions of U.S. dollars, except share, p ...

Financial Data and Key Metrics Changes - The company reported net earnings attributable to shareholders of $1.5 million or $0.01 per share in Q2 2023, with adjusted net earnings of $16.1 million or $0.09 per share after accounting for one-time non-recurring items [27] - Cash operating costs averaged $791 per ounce sold, while all-in sustaining costs averaged $1,296 per ounce sold, which were higher than expected [28] - Free cash flow in the quarter was negative $21.7 million, but excluding capital investment in Skouries, free cash flow generation was positive $13.2 million [90] Business Line Data and Key Metrics Changes - At Klada, Q2 production was 34,180 ounces, representing a 22% increase in production and a 14% reduction in cash costs compared to Q2 2022 [15] - Olympias produced 13,866 ounces in Q2, with cash operating costs of $1,439 per ounce sold, lower production was attributed to lower byproduct credits and lower payability [33] - Efemçukuru's Q2 gold production was 23,644 ounces with cash operating costs of $697 per ounce sold, in line with the plan for the quarter [92] Market Data and Key Metrics Changes - The Turkish Lira weakened significantly, impacting foreign exchange gains, with the Lira at around 26 at the end of Q2 compared to 20 at the end of Q1 [68] - The company expects to see lower unit costs across the portfolio in the second half of the year, maintaining guidance of $1,198 to $1,290 per ounce sold for 2023 [106] Company Strategy and Development Direction - The company is focused on advancing the Skouries project, with a target completion by the end of 2025, and has ramped up personnel on site to approximately 900 by year-end [6] - A bought deal offering raised CAD 135.2 million for growth initiatives across the global portfolio, including expansion projects and exploration opportunities [24] - The company aims to maintain a solid financial position to unlock value across its global business [11] Management's Comments on Operating Environment and Future Outlook - Management noted that economic activity in Greece is increasing, which is important for mitigating potential cost and schedule pressures [14] - The company expects stronger production in the second half of the year, maintaining production guidance of 475,000 to 515,000 ounces for 2023 [25] - Management acknowledged challenges from weather-related issues but expressed confidence in delivering guidance for the year [65] Other Important Information - The company completed an investment of CAD 81.5 million from the European Bank of Reconstruction and Development for the Skouries project [101] - The company achieved Triple A scores for tailings management and biodiversity, highlighting its commitment to responsible mining practices [12] Q&A Session Summary Question: Discussion on foreign exchange gain - Analysts inquired about the nature of the foreign exchange gain of $14.681 million and whether it should be adjusted out or included in earnings [38] - Management explained that the foreign exchange gain is a regular reporting feature and should not be adjusted out [47] Question: Impact of weather-related issues on production - Analysts asked about the impact of heavy rainfall on production at Klada and whether it would affect Q3 guidance [52] - Management responded that they expect Q3 to be stronger than previously thought due to excess solution processing [53] Question: Update on Skouries project status - Analysts sought clarification on the progress of the Skouries project and whether it is more than half built [72] - Management confirmed that the project is approximately 40% complete and that they feel insulated from inflationary pressures [74]

EX-99.1 2 ego_ex991.htm UNDERWRITING AGREEMENT EXHIBIT 99.1 EXECUTION COPY UNDERWRITING AGREEMENT May 31, 2023 Eldorado Gold Corporation Suite 1188 – 550 Burrard Street Vancouver, British Columbia, V6C 2B5 Attention: George Burns, President, Chief Executive Officer and Director Dear Sirs: BMO Nesbitt Burns Inc. ("BMO") and National Bank Financial Inc. ("National Bank"), as the lead managers and joint bookrunners (together, the "Lead Underwriters"), together with CIBC World Markets Inc., Canaccord Genuity Co ...

Eldorado Gold Corporation (NYSE:EGO) Q1 2023 Earnings Conference Call April 28, 2023 11:30 AM ET Company Participants Lynette Gould - VP, IR George Burns - President and CEO Phil Yee - EVP and CFO Joe Dick - EVP and COO Conference Call Participants Cosmos Chiu - CIBC Tanya Jakusconek - Scotiabank Mike Parkin - National Bank Kerry Smith - Haywood Securities Harmen Puri - Bank of America Securities Operator Thank you for standing by. This is the conference operator. Welcome to the Eldorado Gold First Quarter ...

Eldorado Gold Corporation (NYSE:EGO) Q4 2022 Results Conference Call February 24, 2023 11:30 AM ET Company Participants Lisa Wilkinson - Vice President, Investor Relations George Burns - President and Chief Executive Officer Phil Yee - Executive Vice President and Chief Financial Officer Simon Hille - Senior Vice President, Technical Services and Operations Conference Call Participants Kerry Smith - Haywood Securities Tanya Jakusconek - Scotiabank Mike Parkin - National Bank Operator Thank you for standing ...

Exhibit 99.2 Throughout this MD&A, Eldorado, Eldorado Gold, we, us, our and the Company means Eldorado Gold Corporation. This quarter means the fourth quarter of 2022. Forward Looking Statements and Information Management's Discussion and Analysis For the three and twelve months ended December 31, 2022 Suite 1188, 550 Burrard Street Vancouver, British Columbia V6C 2B5 Phone: (604) 687-4018 Fax: (604) 687-4026 1 MANAGEMENT'S DISCUSSION and ANALYSIS For the three and twelve months ended December 31, 2022 Mana ...

Eldorado Gold Corporation (NYSE:EGO) Q3 2022 Earnings Conference Call October 28, 2022 11:30 AM ET Company Participants Lisa Wilkinson - Vice President of Investor Relations George Burns - President and Chief Executive Officer Phil Yee - Executive Vice President and Chief Financial Officer Joe Dick - Executive Vice President and Chief Operating Officer Conference Call Participants Cosmos Chiu - CIBC Capital Markets Mike Parkin - National Bank Financial Tanya Jakusconek - Scotiabank Operator Thank you for st ...

Eldorado Gold Corporation (NYSE:EGO) Q2 2022 Earnings Conference Call July 29, 2022 11:30 AM ET Company Participants Lisa Wilkinson - Vice President of Investor Relations George Burns - President and Chief Executive Officer Phil Yee - Executive Vice President and Chief Financial Officer Joe Dick - Executive Vice President and Chief Operating Officer Conference Call Participants Fahad Tariq - Credit Suisse Operator Thank you for standing by. This is the conference operator. Welcome to the Eldorado Gold Secon ...