While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tri ...

Alluvial Gold Research offers in-depth research on my favorite miners ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolios and buy/sell alerts as well as the following:Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, an ...

Eldorado Gold Corporation (EGO) announced its preliminary gold production of 155,669 ounces for fourth-quarter 2024, up 24.3% from the third quarter of 2024. The upside was driven by solid performances at EGO’s Lamaque Complex and Kisladag. The Efemcukuru mine’s production  met expectations. Eldorado Gold’s Mine PerformanceLamaque Complex’s fourth-quarter gold production increased 47.6% from the third quarter of 2024 to a record 63,742 ounces. The upside was driven by higher ore grade and mill throughput. E ...

Mining Stocks and Investment Ideas - The Royalty & Streaming Corner focuses on precious and industrial metals royalty and streaming companies, while also providing investment ideas from the broader mining sector [1] - The "Top 5 Mining Stocks to Watch" list for 2025 is introduced, following the success of the 2024 list, which generated strong returns for the five companies included [1] - IAMGOLD is mentioned as one of the companies in the 2024 list, with performance data as of December 25 [1] Analyst Background and Expertise - Peter Arendas is an associate professor at the University of Economics in Bratislava with over 15 years of investing experience [2] - Peter specializes in small and mid-cap companies in the resource sector, with a focus on the precious and industrial metals royalty and streaming industry [2] Investment Group Offerings - The Royalty & Streaming Corner, led by Peter, provides in-depth analysis of long-only investment ideas, actionable research, model portfolios, and discussions of the latest news [1] - The group offers direct access for questions in chat, allowing for interactive engagement with members [1]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Zacks has develo ...

VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces that the Toronto Stock Exchange (the “TSX”) has accepted for filing Eldorado’s Notice in respect of a normal course issuer bid (the “NCIB”). Purchases will be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems. Pursuant to the NCIB, Eldorado may purchase up to 350,000 of its common shares (the “Shares”) representing approximately ...

Alluvial Gold Research offers in-depth research on my favorite miners ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolios and buy/sell alerts as well as the following:Analyst’s Disclosure: I/we have a beneficial long position in the shares of IAUX, IAU:CA, BTG, BTO:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my ow ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Sty ...

Financial Data and Key Metrics - Gold production in Q3 2024 was 125,195 ounces, aligning with full-year guidance [8] - Total cash costs were $953 per ounce sold, and all-in sustaining costs (AISC) were $1,335 per ounce sold, driven by higher royalties and labor costs [9] - Year-to-date production increased by 7% compared to 2023 and 12% compared to 2022 [10] - Gold production guidance tightened to 505,000-530,000 ounces, down from 505,000-555,000 ounces, due to inventory buildup at Kisladag and work stoppages at Olympias [11] - Total cash cost guidance tightened to $910-$940 per ounce sold, and AISC to $1,260-$1,290 per ounce sold, reflecting higher royalties and lower production [12] - Depreciation guidance lowered to $250-$260 million from $280-$290 million due to lower depreciation at Kisladag and Olympias [13] - Sustaining capital guidance tightened to $135-$145 million, primarily due to deferred projects at Olympias [13] - Skouries capital investment guidance lowered to $350-$380 million from $375-$425 million due to rescheduled non-critical work and slower contractor mobilization [14] - Growth capital at operating mines increased to $145-$160 million, driven by waste stripping and accelerated spending at Kisladag [15] Business Line Performance - **Olympias**: Q3 gold production was 21,211 ounces with total cash costs of $1,210 per ounce sold, impacted by higher labor costs and royalties [44] - **Kisladag**: Q3 production was 41,084 ounces with total cash costs of $899 per ounce sold, slightly below plan due to maintenance issues and slower leach cycles [46] - **Efemcukuru**: Q3 production was 19,794 ounces with total cash costs of $1,325 per ounce sold, in line with plan [50] - **Lamaque**: Q3 production was 43,106 ounces with total cash costs of $728 per ounce sold, slightly lower than the prior year due to lower gold prices [50] Market and Regional Performance - **Greece (Skouries)**: Overall project progress reached 79%, with detailed engineering 78% complete, and first production expected in Q3 2025 [33][34] - **Turkey (Kisladag and Efemcukuru)**: Production and costs were impacted by higher royalties due to increased gold prices [46][50] - **Canada (Lamaque)**: Strong production and development rates, with a focus on productivity improvements [50] Strategic Direction and Industry Competition - The company is focused on maintaining disciplined cost control and capital allocation, with elevated gold prices driving margin expansion and free cash flow growth [53] - Skouries remains on track for first production in Q3 2025, with significant derisking achieved through major contract signings and operational readiness [16] - The company is managing labor market challenges by rescheduling non-critical work and integrating additional personnel to maintain productivity levels [17] Management Commentary on Operating Environment and Future Outlook - Management highlighted the positive impact of record-high gold prices on margins and cash flow, with expectations of continued margin expansion [53] - The company remains committed to responsible mining and maintaining a safe workplace, with ongoing health and safety initiatives [18][19] - Management expressed confidence in achieving tightened production and cost guidance for 2024, with strong momentum heading into Q4 [52] Other Important Information - The company ended Q3 with total liquidity of $885 million, including $677 million in cash and $208 million in available credit capacity [31] - Free cash flow in Q3 was negative $4.8 million, or positive $98.3 million excluding Skouries capital investment, reflecting strong operating performance [25] - The company recognized a $50 million gain on deferred consideration from the sale of the Tocantinzinho mine, contributing to adjusted net earnings of $71 million [24] Q&A Session Summary Question: Impact of Skouries Underground Development Delays on Ramp-Up - The underground development delay at Skouries is not expected to impact the timing of first production in Q3 2025, as the underground mine is not a critical part of the initial production profile [56][57] - The delay is due to transitioning from a Greek contractor to a Finnish contractor, with productivity improvements expected as more workers are deployed [57] Question: Skouries Capital Expenditure Timing - The company remains confident in the $920 million total capital expenditure for Skouries, with significant spending expected in Q4 2024 and Q1 2025 [59] - Some non-critical infrastructure work may spill into 2025, but it will not impact the ability to operate [60] Question: Drivers of Q4 Production Increase - Strong production at Lamaque and Efemcukuru, along with improved performance at Olympias, are expected to drive a 10% quarter-over-quarter increase in Q4 production [63] Question: Inflation and Labor Costs - Labor costs account for 27% of total costs, with inflation averaging 3% annually under the new collective bargaining agreement at Olympias [77][80] - Contractors face similar inflationary pressures, though timing may differ [79] Question: Royalty Sensitivity to Gold Prices - Royalty costs increased by $105 per ounce in Q3 due to a $600 increase in realized gold prices compared to the budgeted $1,900 per ounce [82] Question: Reserve Cutoff Grades and Gold Price Assumptions - The company plans to update its reserve statements by the end of 2024, with no material change expected in the $1,400 gold price assumption [84][85] Question: Dividend Reinstatement and M&A Strategy - The company plans to focus on reinstating a sustainable dividend in 2026 after Skouries reaches commercial production [89] - While M&A is not a primary focus, the company remains opportunistic and open to exceptional opportunities [90]

VANCOUVER, British Columbia, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) today reports the Company’s financial and operational results for the third quarter of 2024. 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. Third Quarter 2024 Highlights Operations Gold production: 125,195 ounces were produced in the quarte ...