Site visit: O3 Mining preps to be new node in Val-d’Or ‘circular economy’
Val-d’Or, Que. – Look towards the horizon from the viewing tower at Parc Belvédère in Val-d’Or, Que., and it’s just visible where a new kid on the block wants to…
Eldorado Gold
Credit rater Fitch upbeat on gold majors’ resilience amid hazy markets
Fitch Ratings of London has issued a stable credit outlook for global gold producers, citing their strong financial metrics and debt reduction despite higher inflation, interest rates and geopolitical risk….
Eldorado secures 80% of Skouries gold-copper project funding
Canada’s Eldorado Gold (TSX: ELD, NYSE: EGO) said on Wednesday it had secured previously announced €680 million (about $999 million) in financing facility for the development of its long-delayed Skouries…
Video: Eldorado Gold cashed up to complete Skouries build
The Northern Miner’s western editor, Henry Lazenby, interviews Eldorado Gold president and CEO George Burns during the PDAC 2023 convention in Toronto. Burns outlines the company’s recent financing to complete…
Digital tech boosts mine output, links up machines by networks
The digital transformation is well underway, with many mining companies increasingly turning to automation and internet of things (IoT) technology to make their operations safer and more efficient. Senior executives…
Eldorado Gold board okays Skouries gold-copper project restart
Canada’s Eldorado Gold (TSX: ELD; NYSE: EGO) said the board has approved an investment decision and full restart of construction activities at its Skouries gold-copper project in northern Greece. The…
Eldorado Gold reports declining reserve base
Eldorado Gold (TSX: ELD; Nasdaq: ELD) has reported a 7% year-on-year drop in the reserve base underpinning its four operating mines in Turkey, Greece and Canada to 7.4 million oz….
TNM Drill Down: Top Ten best gold drill results year to date
While rising interest rates have weighed on the gold price since it hit its most recent peak of over US$2,050 per oz. in March, exploration for the yellow metal is…
U.S. Markets fall during June 27-July 1 trading week
The Dow Jones Industrial Average fell 403.42 points or 1.2% to 31,097.26 and the S&P 500 fell 86.4 points or 2.25% over the week to 3,825.33. Shares of Mosaic Company rose by US62¢ or…
Eldorado Gold eyes further growth outside Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) says it has completed key growth projects at two of its assets — the Lamaque mine in Val d’Or, Quebec, and the Kışladağ gold…
Eldorado Gold grabs stake in Probe Metals for US$18.9 million
Eldorado Gold (TSX:ELD; NYSE:EGO) has bought an 11.5% stake in Quebec-focused explorer Probe Metals (TSXV: PRB; US-OTC: PROFB) in a deal worth about $23.7 million (US$18.9 million). The acquisition of…
Global Mining Symposium: Evolution Mining’s Jake Klein on margins over volume
In the first six months of fiscal 2021, Evolution Mining (ASX: EVN) banked over 50% of every ounce of gold it produced in terms of its EBITDA margins, posted a…