Eldorado Gold (EGO) Updates on Q1 Tax Impacts in Turkiye

Eldorado Gold Corporation (EGO) expects the impacts of Turkish current income tax charges on mining revenues (set at 25%) to be reduced by $9-$12 million for the first quarter of 2024.The expected decrease is mostly due to investment tax credits for Kisladag and Efemcukuru, as well as  inflationary accounting. The decrease was partially offset by taxable unrealized foreign currency gains, resulting from the Lira's weakening against the U.S. dollar in the first quarter.Eldorado Gold's profits from mining ope ...