Eldorado Gold(EGO)
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Eldorado Gold Reports Solid First Quarter 2025 Financial and Operational Results; Skouries Progressing to Plan
Globenewswire· 2025-05-01 21:00
Operations - The company produced a total of 115,893 ounces of gold in Q1 2025, with an all-in sustaining cost (AISC) of $1,559 per ounce sold [4][23] - Gold sales reached 116,263 ounces at an average realized price of $2,933 per ounce, reflecting a 41% increase from the previous year [26][29] - Production at Olympias was affected by unplanned maintenance, but production has since recovered to expected levels in Q2 2025 [5][48] Financial Performance - Revenue for Q1 2025 was $355.2 million, a 38% increase from $258.0 million in Q1 2024 [23][26] - Net earnings attributable to shareholders from continuing operations were $72.0 million, or $0.35 per share, compared to $35.2 million, or $0.17 per share, in Q1 2024 [29][30] - Adjusted net earnings were $56.4 million, or $0.28 per share, with adjustments including a $73.5 million recovery on a deferred tax asset [30][29] Cost Analysis - Total cash costs averaged $1,153 per ounce sold in Q1 2025, up from $922 per ounce in Q1 2024, primarily due to higher royalty expenses and labor costs [28][27] - AISC increased to $1,559 per ounce sold from $1,262 in Q1 2024, reflecting higher total cash costs and sustaining capital expenditures [28][65] - Production costs rose to $148.3 million in Q1 2025 from $123.0 million in Q1 2024, driven by increased royalties and labor costs [27][31] Project Updates - At the Skouries project, construction progress reached 66% completion for Phase 2, with a total capital cost estimate of $1.06 billion [6][9] - First production of copper-gold concentrate is expected in Q1 2026, with projected gold production of 135,000 to 155,000 ounces and copper production of 45 to 60 million pounds in 2026 [7][8] - The company is maintaining its 2025 annual production guidance of 460,000 to 500,000 ounces of gold, with production weighted towards the second half of the year [4][6]
3 High-Momentum Gold Stocks Surging on the Metals Rally
MarketBeat· 2025-04-30 13:30
Industry Overview - Key precious metals, particularly gold, have experienced significant price increases, with gold surging over 41% in the year leading to late April 2025, driven by investor uncertainty and geopolitical volatility [1] - Silver and platinum have also outperformed the broader market during the same period [1] Investment Opportunities - Investors can capitalize on the success of precious metals through targeted investments in mining companies, especially those focused on gold production, which has shown strong momentum [2] - Three gold mining stocks with robust momentum include Harmony Gold Mining Co. Ltd., Perpetua Resources Corp., and Eldorado Gold Corp. [3] Harmony Gold Mining - Harmony Gold Mining has achieved 81% year-to-date growth, benefiting from rising gold prices and strong operational performance [4] - The company reported a 19% year-over-year increase in gold revenues to nearly $2 billion in the first half of fiscal 2025, with operating free cash flow reaching close to $600 million, a 46% improvement from the previous year [5] - Harmony is diversifying its operations with new copper projects in Queensland, Australia, which will help mitigate production risks [6] Perpetua Resources - Perpetua Resources has a stock forecast indicating a potential upside of 67.26%, with shares currently priced at $14.05 [8] - The Stibnite mine, designated as a transparency project by the White House, is expected to reduce regulatory hurdles and enhance domestic mineral supply, particularly in antimony, which is critical for military and industrial applications [9] Eldorado Gold - Eldorado Gold has a stock forecast with a 12-month price target of $20.38, indicating a 9.19% upside potential [10] - The company is expected to see a 33% production surge by 2027, driven by the Skouries project and strong cash flow, with a 42% year-over-year revenue increase in the latest quarter [11][12]
Eldorado Gold Corporation (EGO) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-04-29 14:55
Core Viewpoint - Eldorado Gold Corporation (EGO) has reached a significant support level and is considered a potential investment opportunity due to a recent technical indicator known as a "golden cross" [1]. Technical Analysis - EGO's 50-day simple moving average has recently broken above its 200-day moving average, indicating a bullish breakout [1]. - A golden cross is characterized by a downtrend followed by a crossover of the shorter moving average over the longer moving average, leading to a trend reversal and subsequent price increase [2]. Performance Metrics - Over the past four weeks, EGO's stock has gained 14.2% [3]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for further breakout [3]. - Earnings expectations have improved, with two upward revisions and no downward changes in estimates over the past 60 days, contributing to a positive outlook [3][5].
If You Have Suffered Losses in Eldorado Gold Corporation (NYSE: EGO), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
GlobeNewswire News Room· 2025-04-27 23:24
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Eldorado Gold Corporation due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Class Action - Shareholders who purchased Eldorado Gold securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Eldorado Gold [2]. Group 2: Company Update and Stock Impact - On February 5, 2025, Eldorado Gold announced delays in the Skouries Project due to labor market tightness in Greece, which affected construction personnel availability [3]. - The company now expects first production at Skouries in Q1 2026 and commercial production by mid-2026 [3]. - Following this announcement, Eldorado Gold's stock price fell by $1.78 per share, or 11.2%, closing at $14.01 on February 6, 2025 [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering investor losses [4].
Eldorado Gold Investor News: If You Have Suffered Losses in Eldorado Gold Corporation (NYSE: EGO), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
GlobeNewswire News Room· 2025-04-17 22:15
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Eldorado Gold Corporation due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation Details - The investigation is prompted by a press release from Eldorado Gold on February 5, 2025, which indicated that labor market tightness in Greece has limited the availability of key construction personnel for the Skouries Project, resulting in delayed progress [3]. - Following the announcement, Eldorado Gold's stock price fell by $1.78 per share, or 11.2%, closing at $14.01 on February 6, 2025 [3]. Group 2: Class Action Information - Investors who purchased Eldorado Gold securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees or costs due to a contingency fee arrangement [2]. - Interested investors can join the prospective class action by visiting the provided link or contacting the law firm directly [2]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4].
Rosen Law Firm Encourages Eldorado Gold Corporation Investors to Inquire About Securities Class Action Investigation - EGO
Prnewswire· 2025-04-15 20:11
NEW YORK, April 15, 2025 /PRNewswire/ -- Why: New York, N.Y., April 15, 2025. Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Eldorado Gold Corporation (NYSE: EGO) resulting from allegations that Eldorado Gold may have issued materially misleading business information to the investing public.So What: If you purchased Eldorado Gold securities you may be entitled to compensation without payment of any out of pocket fees ...
Eldorado Gold Provides Q1 2025 Conference Call Details
Newsfilter· 2025-04-08 21:00
Group 1 - Eldorado Gold Corporation will release its First Quarter 2025 Financial and Operational Results on May 1, 2025, after market close [1] - A conference call to discuss the results will be held on May 2, 2025, at 11:30 AM ET [1][2] - The conference call will be accessible via Eldorado Gold's website and will also have a replay available until June 13, 2025 [2][3] Group 2 - Eldorado Gold is a producer of gold and base metals with operations in Türkiye, Canada, and Greece [4] - The company emphasizes a skilled workforce, safe operations, high-quality assets, and long-term community partnerships [4] - Eldorado's shares are traded on the Toronto Stock Exchange (TSX:ELD) and the New York Stock Exchange (NYSE:EGO) [4]
Eldorado Gold Announcement: If You Have Suffered Losses in Eldorado Gold Corporation (NYSE: EGO), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
GlobeNewswire News Room· 2025-04-07 20:00
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Eldorado Gold Corporation due to allegations of materially misleading business information issued by the company [1]. Summary by Relevant Sections Investigation Announcement - Rosen Law Firm has announced an investigation into Eldorado Gold Corporation for potential securities claims related to misleading business information [1]. Class Action Information - Shareholders who purchased Eldorado Gold securities may be entitled to compensation through a class action lawsuit, with no out-of-pocket fees due to a contingency fee arrangement [2]. Company Update and Stock Impact - On February 5, 2025, Eldorado Gold provided an update on its Skouries Project, citing labor market tightness in Greece as a reason for delayed construction progress. The company now expects first production in Q1 2026 and commercial production by mid-2026. Following this announcement, Eldorado Gold's stock price fell by $1.78, or 11.2%, closing at $14.01 on February 6, 2025 [3]. Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions. The firm has achieved significant settlements for investors and has been recognized for its performance in this area [4].
Eldorado Gold Investor News: Rosen Law Firm Encourages Eldorado Gold Corporation Investors to Inquire About Securities Class Action Investigation - EGO
Prnewswire· 2025-04-05 14:00
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Eldorado Gold Corporation due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Legal Action - Shareholders who purchased Eldorado Gold securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Eldorado Gold [2]. Group 2: Company Update and Stock Impact - On February 5, 2025, Eldorado Gold announced delays in the Skouries Project due to labor market tightness in Greece, which has affected the availability of key construction personnel [3]. - The company now expects first production at Skouries in Q1 2026 and commercial production by mid-2026 [3]. - Following this announcement, Eldorado Gold's stock price fell by $1.78 per share, or 11.2%, closing at $14.01 on February 6, 2025 [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [4]. - The firm was ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering investor losses [4].
Eldorado Gold: Fundamentals And Technicals Point To An Attractive Opportunity
Seeking Alpha· 2025-03-23 14:20
Group 1 - The increase in gold prices over the past year has positively impacted the value of mining companies, which had previously struggled to find upward catalysts despite rising global inflation post-pandemic [1] - Mining companies are benefiting from the surge in gold prices, indicating a potential investment opportunity in the sector [1] Group 2 - The article does not provide specific financial data or performance metrics related to individual companies or the mining sector [2][3] - There is no mention of specific companies or their stock performance in relation to the gold price increase [2][3]