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Eldorado Gold ( (TSE:ELD) ) just unveiled an update.
Eldorado Gold Corporation announced an updated Technical Report for the Lamaque Complex, indicating significant potential value and an extension of the mine’s life. The Reserve Case outlines an 8-year mine life with a production of 1.2 million ounces of gold, while the Preliminary Economic Assessment (PEA) Case suggests the possibility of extending the mine life by an additional 9 years, potentially yielding an extra 1.5 million ounces of gold. These updates reflect solid economic prospects for the company, with substantial after-tax net present values at varying gold prices, and a stable all-in sustaining cost, thereby strengthening Eldorado’s positioning in the Quebec mining industry.
More about Eldorado Gold
Eldorado Gold Corporation is a mining company primarily involved in the exploration, development, and production of gold. It focuses on operations in North America, particularly in Quebec, Canada, with projects such as the Lamaque Complex.
YTD Price Performance: -1.02%
Average Trading Volume: 1,302,717
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.17B
For a thorough assessment of ELD stock, go to TipRanks’ Stock Analysis page.
