| To: Ms. Baby Boomer who wrote (48054) | 5/1/2014 5:44:31 PM | | From: Ms. Baby Boomer | | | | Eldorado Gold Corporation: 2014 First
Quarter Financial and Operating Results...
Gold production of 196,523 ounces, All-In Sustaining Costs of $786 per ounce
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2014) - Eldorado Gold Corporation (Eldorado or the Company) ( ELD.TO)( EGO) is pleased to report the Company's financial and operational results for the first quarter ended March 31, 2014. Net profit attributable to shareholders of the Company for the quarter was $31.3 million or $0.04 per share.
"The first quarter of 2014 proved to be another strong quarter for the Company, with gold production of 196,523 ounces, representing a 20 percent increase over the first quarter 2013," said Paul Wright, Chief Executive Officer of Eldorado Gold. "Within the organization our employees are dedicated to continuously improving safety, operational performance and overall cost reductions, enabling Eldorado to remain one of the lowest cost gold producers, as demonstrated by our all-in sustaining cash costs for the quarter of $786 per ounce. Strong performance this quarter supports our guidance for 2014 of 730,000-800,000 ounces of gold at an average all-in sustaining cash cost of approximately $950 per ounce."....
Cont'd @ finance.yahoo.com |
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| From: Ms. Baby Boomer | 5/2/2014 8:54:09 PM | | | | | | Gold prices rise as clashes erupt in Ukraine
Gold prices rise as clashes erupt in Ukraine between the government and separatists...
Gold prices surged Friday as tensions mounted in Ukraine.
Gold for June delivery climbed $19.50 to settle at $1,302.90 an ounce. Silver for July jumped 50 cents to $19.55 an ounce.
Early Friday, the Ukrainian government launched what appeared to be its first major offensive to regain control of an area held by pro-Russian separatists.
Gold prices surged following reports of clashes. Prices had dropped earlier in the day after the U.S. government said employers added 288,000 workers to their payrolls in April, the most in two years and more than economists had forecast.
Traders often buy gold in anticipation of a crisis. In March, gold prices reached their highest level this year as tensions in Ukraine began to rise....
finance.yahoo.com |
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| From: Ms. Baby Boomer | 6/23/2014 3:01:53 PM | | | | | | Gold Trades Below Two-Month High as Fed,
Demand Weighed...
Bullish Bets
Holdings in gold-backed exchange-traded products fell to 1,712.9 metric tons on June 20, the lowest since October 2009, data compiled by Bloomberg show. Hedge funds and other money managers increased their net-long position, or bullish bets, by 30 percent in the week to June 17, the biggest gain since February, U.S. Commodity Futures Trading Commission data show....
businessweek.com |
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| To: Ms. Baby Boomer who wrote (48056) | 7/18/2014 11:28:01 AM | | From: Ms. Baby Boomer | | | | Credit Suisse’s Top Gold
Stocks to Buy...
Eldorado Gold Corp. ( EGO) is another of the top picks at Credit Suisse. The company engages in the exploration, development, mining and production of gold properties in Turkey, China, Greece, Brazil and Romania. The company also explores for iron, silver, lead, zinc and copper ores.
The Credit Suisse analysts point out that the company is a consistent, low-cost operator with solid valuation upside to its net asset value. They also cite upside potential could be tied to pending permits in Greece and China. Eldorado Gold investors are paid a small 0.3% dividend. Credit Suisse raises its price target to $10 from $9, while the consensus target is $8.65. Shares closed Thursday at $7.55....
finance.yahoo.com |
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