Eldorado profit up 29%, production ahead of plan

ASX- and TSX-listed Eldorado Gold on Thursday reported a 29% year-on-year increase in first-quarter profit to $67.9-million or $0.11 a share. Revenues from gold sales were up 24% to $49.6-million owing to higher gold prices and bullion sales of...

Eldorado advances Greek projects post takeover

The Greek Ministry of the Environment, Energy and Climate Change (MoE) has given approval to the technical studies of both the Skouries and Olympias mine projects being developed by ASX- and TSX-listed Eldorado Gold. Eldorado said on Friday that...

Eldorado, European Goldfields owners greenlight merger

Shareholders in European Goldfields and Eldorado Gold on Tuesday gave the nod to the $2.5-billion merger, first unveiled in December. Earlier this month, proxy voting firms Institutional Shareholder Services and Glass Lewis & Co. recommended...

Eldorado starts production at Turkey gold mine

Eldorado Gold has begun feeding low-grade ore to the mill at its Efemcukuru project in Turkey, after receiving a trial operating permit earlier this month. All the necessary permits are in place to allow full mining and processing operations, the...

Andean denies breaching ASX rules after Eldorado bid

Argentina-focused Andean Resources, which is the target of a C$3,6-billion takeover from Goldcorp, on Tuesday denied that it intentionally breached any ASX disclosure rules, after it failed to inform the stock exchange about an offer made by...

Goldcorp entered Andean bid intending to win – CEO

The CEOs of Canada's Goldcorp and Eldorado Gold were playing their cards close on Friday, after both companies disclosed they had made takeover offers for junior Andean Resources. Both Goldcorp and Eldorado want to get their hands on Andean's...

Goldcorp trumps Eldorado in contest for Andean Resources

Canada's Goldcorp has agreed to buy ASX- and TSX-listed Andean Resources, the firm said on Friday morning, trumping a bid from smaller rival Eldorado Gold, made public just hours earlier. Eldorado announced overnight it was taking its...

Due diligence completed on Eldorado-Sino Gold deal

The due diligence conditions required for Eldorado Gold's friendly acquisition of Sino Gold have been satisfied on schedule, the companies reported on Monday. The transaction is expected to close in early December, Eldorado CEO Paul Wright said...

Gold Fields sells Sino Gold stake to Eldorado, global expansion strategy still ‘intact’

South African gold-miner Gold Fields’ decision to sell its 19,9% stake in China-focused Sino Gold would not change the company’s aspiration to grow its international production, says CEO Nick Holland. The JSE-listed Gold Fields announced on...

Eldorado offer wins more than 90% of Frontier Pacific, to buy out minorities

Shareholders representing more than 90% of the shares of Frontier Pacific Mining had accepted Vancouver-based Eldorado Gold's revised takeover offer, the firm said on Thursday. Including a previous holding in Frontier, Eldorado will own 93% of...

Eldorado, Frontier agree on improved offer

Canadian gold hopeful Frontier Pacific Mining has agreed to support an improved offer for the company from Vancouver-based Eldorado Gold. Eldorado's initial unsolicited offer, of 0,1220 Eldorado common shares and C$0,0001 in cash for every...

Frontier Pacific fails to come up with alternative ahead of Eldorado offer deadline

Vancouver-based exploration and development company Frontier Pacific on Tuesday told shareholders to decide for themselves whether or not to accept Eldorado Gold's unsolicited offer for the company, which was to expire at 17:00 Toronto time....