Cara Community GSM: Eldorado Gold

Eldorado Gold (NYSE: EGO) (TSX: ELD) reviewed 11-14-2020

(All figures in USD)

Market Cap:       $2.36 Billion        Share Price:        $13.56

Shares outstanding: 173,822,000

Cash and cash equivalents: $441 Million as of 30 Sept 2020

Debt: $326 Million as of 30 Sept 2020

Current operations: Yes. Mining operations in Turkey, Greece, Canada, Romania, and Brazil

Insider holdings: Low                      Institutional:  236 institutions own about 62%


CEO: George Burns                          HQs: Vancouver, BC, Canada

Eldorado Gold engages in the exploration, mine development, production, and sale of gold and base metals

Q3 Highlights:

  • Production of 136,922 oz of gold with AISC stated at $918
  • Earnings of $41 Million or $0.24 per share on revenue of $287.6 Million
  • Cash flow from operations $125.1 Million
  • Free cash flow $117.2 Million
  • Sold the Vila Nova mine (primarily iron ore) in Brazil for $10.0 Million in the quarter
  • Eldorado is guiding the production of 520,000-550,000 oz Au for full-year 2020 with an AISC of $850-$950/oz

Bottom line:

  • No position, but worthy of study

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