Eagle Royalties
Date: Wednesday, Mar 16, 2022 @ 11:00 am ET
Event: Webinar

Eldorado Gold is a mid-tier gold producer with 4 producing gold mines in Canada, Turkey, and Greece. In 2021 Eldorado produced 475k ozs. of gold at an AISC of $1069. Guidance for 2022 is between 460k to 490k ozs. The real value in Eldorado lies with its Greek development project called Skouries, which is a gold-copper porphyry deposit and when in full-production, will produce 312k ozs AuEq at an AISC of ($17) oz. Skouries is fully-permitted and is in the process of financing the capex which is $845 million. Eldorado has many financing options available including the Covid Relief Fund which the EU and Greek government would contribute up to 80% of the project financing.