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Author Topic: EGO - Eldorado Gold, Inc. - AMEX  (Read 11638 times)
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Vegas
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« Reply #15 on: April 09, 2010, 10:09:57 AM »

I agree with that Eric... I have traded this stock since it was in the $3.00 range... It has always been a low risk, solid play...
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IAMCLP1
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« Reply #16 on: May 08, 2010, 06:44:53 PM »

I agree with that Eric... I have traded this stock since it was in the $3.00 range... It has always been a low risk, solid play...

Watching MadMoney last night, and he loved this play with the market "spirialing out of control" (as he throws his book "buybuybuy" ) ...

He said this is the #1 gold stock to invest in, and it's never a bad play to have a little gold sitting around the portfolio...

Looks like this is true ...

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« Reply #17 on: May 12, 2010, 11:15:26 AM »

EGO has been on a runner for over a month now and even though it is overbought, it just keeps going.... I love this stock and have traded it since the days it sold for a couple of bucks a share...
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« Reply #18 on: May 12, 2010, 03:14:04 PM »

Then I will stay out of it for your sake.  I have a knack for buying overbought stocks that "just keep going" then do an about face and plummet. 
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« Reply #19 on: May 24, 2010, 09:20:17 AM »

Probably a buy here but the volatility can drive you crazy on gold stocks especially.
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« Reply #20 on: May 24, 2010, 09:31:29 AM »

Probably a buy here but the volatility can drive you crazy on gold stocks especially.

Just what I look for in a good trader... Volatility... Gold up $10.00 an ounce this morning...
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IAMCLP1
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« Reply #21 on: May 27, 2010, 08:15:02 PM »

Up almost 8% this week ...
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« Reply #22 on: July 21, 2010, 02:04:40 AM »

Eldorado Gold Corporation and Brazauro Resources Corporation Complete Plan of Arrangement

July 20, 2010

VANCOUVER, BRITISH COLUMBIA -- (Eldorado Gold Corporation ("Eldorado" , the "Company", or "we") (TSX: ELD)(NYSE: EGO)(ASX: EAU) are pleased to announce that the Company has completed today the court approved Plan of Arrangement (the "Arrangement") to acquire all the issued and outstanding securities that it does not already own of Brazauro Resources Corporation ("Brazauro"). The Arrangement was approved by security holders of Brazauro on July 15, 2010. Eldorado has issued 5,993,898 common shares pursuant to the Arrangement.

The transaction combines Eldorado's strength and experience in successful gold production with Brazauro's promising Tocantinzhinho Project in Tapajos, Brazil and two exploration projects, Agua Branca and Piranhas.

Under the terms of the Arrangement, former Brazauro shareholders will receive 0.0675 of an Eldorado common share for each Brazauro share held, as well as 1/3 of a share of TriStar Gold Inc. ("TriStar"), a new exploration company that Eldorado has agreed to fund with C$10 million. TriStar will hold certain exploration properties owned by Brazauro prior to the Arrangement.

Upon completion of the Arrangement, Paul N. Wright commented, "The successful development of the Tocantinzhinho Project will provide a solid foundation from which Eldorado will continue to build its gold mining business in Brazil. We intend to provide information on the Company's plans for the Tocantinzhinho Project shortly."

Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil, China, Greece and Turkey. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as we create and pursue new opportunities.

http://www.istockanalyst.com/article/viewiStockNews/articleid/4326434
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« Reply #23 on: August 19, 2010, 08:07:18 PM »

Kisladag Resource and Reserve Update Reserves Continue to Grow

August 19, 2010

VANCOUVER, BC – Paul N. Wright, President & Chief Executive Officer of Eldorado Gold Corporation (“Eldorado” the “Company” or “we”), is pleased to provide an update on the mineral resources and reserves for the Kisladag Mine, in Turkey. The update is based on the drilling performed to date during 2010. An additional 9,000-meter diamond drilling program has been approved which will target the still-open western extent of mineralization as well as inferred resources lying below the current US$950 pit bottom. The results from this additional program will be included in the 2010 year end mineral resource and reserve estimate.

Table 1 below shows the resources and reserves updated as of June 30, 2010 for the Kisladag mine. Measured and indicated gold resources have increased by 0.85 million ounces to 11.12 million ounces and inferred resources have increased by 0.82 million ounces to 3.77 million ounces for a total resource increase of 1.67 million ounces of gold.

Based on the new resource model and using a gold price of US$950 per ounce, proven and probable gold reserves have increased by 0.98 million ounces to 7.79 million ounces. Figures 1 and 2, are E-W and N-S cross sections through the centre of the deposit illustrating the increase by comparing the 2009 pit design with the current pit design. These additional ounces have been added to the Company’s inventory at an incremental cost of approximately US$4.00 per ounce. Economic pit runs performed at current gold prices (approximately US$1,200 per ounce) result in 8.5 million ounces in the pit shell from measured and indicated resources.

http://www.kitco.com/pr/1267/article_08192010184933.pdf
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« Reply #24 on: August 19, 2010, 08:11:08 PM »

This stock has performed amazingly for many years now... Hard to believe I used to trade this and AUY (Yamana) for 3.50 - 4.00 a share... Talk about a solid investment for a lot of people...
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« Reply #25 on: September 02, 2010, 11:39:42 PM »

Eldorado Gold Bids C$3.4 Billion in Stock for Andean

September 02, 2010

Eldorado Gold Corp., Canada’s fifth- largest producer by market value, offered C$3.4 billion ($3.2 billion) in stock for Australia’s Andean Resources Ltd., which said it’s in talks for a rival transaction.

Eldorado offered 0.310 a share for every one of Perth-based Andean’s stock, valuing each at C$6.36, the Vancouver-based company said in a statement. That’s 32 percent more that Andean’s closing price yesterday in Toronto.

Global gold mining takeovers are at record this year as producers are discovering less metal while the bullion price has advanced each year since 2000. Buying Andean will give Eldorado Chief Executive Officer Paul Wright a 2.1 million ounce project in Argentina, adding to assets in Brazil and China.

“It goes to show that good deposits are hard to find and there’s a premium to be paid,” David Baker, managing partner at Sydney-based Baker Steel Capital Managers, said by phone. “There’s more consolidation to come.”

Andean’s Sydney-traded shares rose 31 percent today before the stock was halted. The company’s Toronto-traded stock closed yesterday at C$4.81, while Eldorado closed at C$20.53.

“The company has requested a trading halt as it is currently in discussions with another party which it expects to lead to a major corporate announcement,” Andean said today in a statement to the Australian stock exchange. It also noted the Eldorado statement and said it was “not yet in a position to make an announcement regarding its discussions.”

http://www.businessweek.com/news/2010-09-02/eldorado-gold-bids-c-3-4-billion-in-stock-for-andean.html
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« Reply #26 on: October 28, 2010, 10:59:19 PM »

Q3, 2010 Financial and Operating Results
Earnings of $0.09 per share; Cash flow from operations of $0.18 per share

October 28, 2010

VANCOUVER, BC – Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation, (“Eldorado” the “Company” or “we”) is pleased to report on the Company's financial and operational results for the third quarter ended September 30, 2010. The Company reported net income of $48.8 million, or $0.09 per share, and cash flow from operations of $96.0 million or $0.18 per share for the third quarter ended September 30, 2010.

“ We maintain our guidance of 625,000 ounces of gold for 2010 at a cash operating cost of $375 per ounce, firmly positioning us in the lowest quartile of costs ” stated Paul N. Wright, President and Chief Executive Officer of Eldorado. “ We are pleased with our increase in reserves at Kisladag in Turkey and our exploration and development progress at Tocantinzinho (“TZ”) in Brazil. We expect to report our exploration progress in China and Turkey in the middle of the fourth quarter”.

http://www.kitco.com/pr/1267/article_10282010180148.pdf
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« Reply #27 on: January 05, 2012, 01:17:53 PM »

Kisladag Concentrate Treatment Plant Startup

January 5, 2012

Eldorado Gold Corporation is pleased to announce the successful commissioning and startup of the concentrate treatment plant at the Kisladag mine. This plant has been constructed to enable treatment of the flotation concentrate from the Company’s Efemcukuru mine.

At year-end 2011, 9,100 tonnes of concentrate had been delivered to Kisladag, containing approximately 25,000 ounces of gold. In the last week, treatment of this first concentrate feed has resulted in the production of dore. In the course of 2012, the stockpile concentrate will be processed along with the planned 2012 production from Efemcukuru.

http://www.kitco.com/pr/1267/article_01052012130636.pdf
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« Reply #28 on: April 12, 2012, 05:29:11 PM »

Eldorado Gold Expects To Produce 1.7 Million Ounces Of Gold Annually By 2016

April 12, 2012

Eldorado Gold Corp. expects to reach an annual gold production of 1.7 million ounces, a growth of 160%, by 2016 after acquiring European Goldfields Ltd. in late February. The company acquired four projects, located in Greece and Romania, from the transaction and will use these new acquisitions to grow its gold production, along with its current assets located in Brazil, China, Greece and Turkey.

“Over the next five years, through the investment of approximately $2 billion, (Eldorado) will increase its production by almost 1 million ounces annually to 1.7 million ounces by 2016,” said Paul Wright, president and chief executive officer of Eldorado. “This investment is occurring in the construction of new mines, in the expansion of existing mines and the case of the Olympias project in Greece, the refurbishment of a pre-existing mine.” In 2011, Eldorado produced 658,652 ounces of gold from its assets. The new assets include three projects located in Greece, Olympias, Skouries and Stratoni as well as Certej, which is located in Romania.

“Throughout the period, the company’s balance sheet will be constructed and managed to ensure our ability to continue to build out despite volatility in metal prices,” Wright said. “In addition to growing our production, we will be increasing our exploration efforts significantly, particularly in both Greece and Romania, where we see exceptional and compelling opportunities for short and medium resource and reserve growth.”

http://www.kitco.com/reports/KitcoNews20120412AL_Eldorado.html
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« Reply #29 on: May 04, 2012, 01:07:48 PM »

Eldorado Beats Gold Production Targets

May 4, 2012

Eldorado Gold Corp. says that the approximate 20,000 ounces of gold production growth over initial targets was a pleasant surprise, given climate conditions are at their poorest between January and March. “Every first quarter of the year is affected by the fact that the period of January through March has some of the highest precipitation of the year, which inevitably dilutes solution grades and affects ultimate recovery going through the plant,” says Paul Wright, president and chief executive officer of Eldorado. “The Eldorado corporate plan for first-quarter production envisaged producing approximately 135,000 ounces at cash costs at $510 and our actual (production) was in excess of 155,000 ounces at $452 per ounce.”

Most of Eldorado’s mines and projects are located in the Northern Hemisphere and Wright says it’s natural for some weather disruptions in the first quarter of every year. Wright also says that the company will be focusing on “exploration in Greece on a couple of projects." Wright says part of the goals for the rest of 2012 are to near completion of the refurbishment of the Olympias mill, the start of construction activities at Skouries and continuing progress at the Certej project in Romania on the permitting front. The company released first-quarter results Thursday and held a conference call Friday morning. Eldorado is a Canadian-based gold producing, exploration and development company with projects in Brazil, China, Greece, Turkey and Romania.

http://www.kitco.com/reports/KitcoNews20120504_MM.html
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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