|Bid||10.82 x 0|
|Ask||10.83 x 0|
|Day's Range||10.53 - 11.21|
|52 Week Range||0.73 - 13.34|
|Beta (3Y Monthly)||2.74|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.17|
Greece is in talks with Canada's Eldorado Gold Corp to secure higher royalties from its mining development projects and new jobs, Energy Minister Kostis Hatzidakis said on Monday. Vancouver-based miner Eldorado has two operating mines and two development projects in northern Greece and its planned investment is viewed as one of the biggest in the country in years. Early this month, the government issued installation permits for Eldorado's Skouries project.
With the TSX Index at all-time highs, here are 5 stocks that have already doubled so far in 2019, including Eldorado Gold Corp (TSX:ELD)(NYSE:EGO) whose stock is up already 180% year-to-date.
Eldorado Gold Corporation (“Eldorado” or the “Company”) announces updates on Kisladag metallurgical testwork, its expansion plans at Lamaque and its Greek projects. Kisladag metallurgical testwork is advancing well with the majority of test results now expected to be completed prior to year-end 2019. A suite of extended Intermittent Bottle Roll Tests (IBRT) have been completed to help predict heap leach recovery on the existing reserve. IBRT tests are indicating that with the longer heap leach cycle of 250 days, gold recoveries are trending over 50%. More than 100 two-metre columns are also underway, which is the standard test for heap leaching, to confirm the findings of the IBRTs. The preliminary results, utilizing the IBRT metallurgical testwork, are indicating a possible mine life extension beyond the current three year guidance. In the event that testwork supports a mine life extension, waste stripping would be necessary.
The permit will allow for the installation of mechanical and electrical equipment in the Skouries mine, which has struggled with permit delays for years. Greece's new conservative government on Monday said it will soon issue permits for Eldorado Gold's development in northern Greece. Eldorado has two operating mines and two development projects in northern Greece, and its planned investment in Greece has been viewed as one of the biggest in the country in years.
Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to confirm receipt of electromechanical installation permits for its Skouries project and an installation permit for its Olympias mine from the Greek Ministry of Energy and Environment (the “Ministry”). The permits allow for the installation of mechanical and electrical equipment at the flotation plant to be completed and installation of additional surface facilities. Receipt of these permits will enable the Company to apply for the flotation plant building permit, which will be submitted this month.
Eldorado Gold Corporation (“Eldorado” or the “Company”) announces that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada. The Company has also filed a corresponding shelf registration statement on Form F-10 with the United States Securities and Exchange Commission (the “SEC”) under the U.S. Securities Act of 1933, as amended, and the Multijurisdictional Disclosure System established between Canada and the United States.
While talking about stock market crashes is taboo in investing circles, you should prepare yourself for a potentially major market correction. Luckily, there is a way you can ride the wave through gold by investing in the likes of Wesdome Gold Mines Ltd. (TSX:WDO) and Eldorado Gold Corp (TSX:ELD)(NYSE:EGO).