Eldorado Gold (EGO) Updates on Q1 Tax Impacts in Turkiye

Zacks04-12

Eldorado Gold Corporation EGO expects the impacts of Turkish current income tax charges on mining revenues (set at 25%) to be reduced by $9-$12 million for the first quarter of 2024.The expected ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2427758598?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/G5XrE0LCS4YCOUlUAoD4SQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/aaa340faeefa7ee40b3aaf505e5e01be","is_english":true,"pubTime":"2024-04-12 23:41","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2427758598","market":"us","top_or_hot":-1,"title":"Eldorado Gold (EGO) Updates on Q1 Tax Impacts in Turkiye","media":"Zacks","content":"<div>\n<p>Eldorado Gold Corporation EGO expects the impacts of Turkish current income tax charges on mining revenues (set at 25%) to be reduced by $9-$12 million for the first quarter of 2024.The expected ...</p>\n\n<a href=\"https://finance.yahoo.com/news/eldorado-gold-ego-updates-q1-154100087.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eldorado Gold (EGO) Updates on Q1 Tax Impacts in Turkiye</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEldorado Gold (EGO) Updates on Q1 Tax Impacts in Turkiye\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-12 23:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/eldorado-gold-ego-updates-q1-154100087.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Eldorado Gold Corporation EGO expects the impacts of Turkish current income tax charges on mining revenues (set at 25%) to be reduced by $9-$12 million for the first quarter of 2024.The expected ...</p>\n\n<a href=\"https://finance.yahoo.com/news/eldorado-gold-ego-updates-q1-154100087.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0031619046.USD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/eldorado-gold-ego-updates-q1-154100087.html","article_id":"2427758598","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/G5XrE0LCS4YCOUlUAoD4SQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/aaa340faeefa7ee40b3aaf505e5e01be"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427758598","pubTimestamp":1712936460,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Eldorado Gold Corporation EGO expects the impacts of Turkish current income tax charges on mining revenues  to be reduced by $9-$12 million for the first quarter of 2024.The expected decrease is mostly due to investment tax credits for Kisladag and Efemcukuru, as well as inflationary accounting. The decrease was partially offset by taxable unrealized foreign currency gains, resulting from the Lira's weakening against the U.S. dollar in the first quarter.Eldorado Gold's profits from mining operations in Turkey are taxed at the enacted rate. Consequently, the resulting current income tax expenses can increase or decrease due to other items.In the fourth quarter of 2023, Eldorado Gold reported earnings of 24 cents, missing the Zacks Consensus Estimate of 21 cents. However, earnings surged 118% from the 11 cents posted in the fourth quarter of 2022. Revenues came in at $307 million, higher than the $246 million reported last year.The company will release its first-quarter 2024 results on A","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","LU2125910336.SGD":"Natixis Thematics Water R/A SGD","LU1923621640.USD":"Natixis Thematics Water R/A USD","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","BK4588":"碎股","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","IE00B19Z6F94.USD":"Legg Mason Royce - US Smaller Companies A Acc USD","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","IOSP":"英诺斯派材料","EGO":"埃氏金业","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","BK4017":"黄金","BK4006":"钢铁","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","ECL":"艺康集团","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU1923622291.USD":"Natixis Thematics Safety R/A USD","CRS":"卡朋特科技","LU2125910179.SGD":"Natixis Thematics Water H-R/A SGD","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","BK4570":"地缘局势概念股","BK4109":"特种化学制品","LU2041044095.USD":"Blackrock Circular Economy A2 USD","BK4585":"ETF&股票定投概念","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC"},"translate_title":"Eldorado Gold（EGO）关于土耳其Q1税收影响的最新信息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IOSP":1,"CRS":1,"EGO":1,"ECL":0.9},"content_text":"Eldorado Gold Corporation EGO expects the impacts of Turkish current income tax charges on mining revenues (set at 25%) to be reduced by $9-$12 million for the first quarter of 2024.The expected decrease is mostly due to investment tax credits for Kisladag and Efemcukuru, as well as  inflationary accounting. The decrease was partially offset by taxable unrealized foreign currency gains, resulting from the Lira's weakening against the U.S. dollar in the first quarter.Eldorado Gold's profits from mining operations in Turkey are taxed at the enacted rate. Consequently, the resulting current income tax expenses can increase or decrease due to other items.In the fourth quarter of 2023, Eldorado Gold reported earnings of 24 cents, missing the Zacks Consensus Estimate of 21 cents. However, earnings surged 118% from the 11 cents posted in the fourth quarter of 2022. Revenues came in at $307 million, higher than the $246 million reported last year.The company will release its first-quarter 2024 results  on Apr 25, 2024. The Zacks Consensus Estimate for first-quarter earnings is pegged at 17 cents. It posted earnings of 11 cents in the year-ago quarter.\nPrice Performance\nIn the past year, shares of Eldorado Gold have gained 39.2% compared with the industry’s growth of 1.1%.\nImage Source: Zacks Investment Research\n \nZacks Rank & Stocks to Consider\nEldorado Gold currently has a Zacks Rank #3 (Hold).Some better-ranked stocks from the basic materials space are Ecolab Inc. ECL, Carpenter Technology Corporation CRS and Innospec Inc. IOSP. ECL and CRS sport a Zacks Rank #1 (Strong Buy) at present, and IOSP has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Ecolab’s 2024 earnings is pegged at $6.39 per share, indicating an increase of 22.7% from the prior year’s reported number. It has an average trailing four-quarter earnings surprise of 1.7%. ECL shares have gained 41.8% in a year.The Zacks Consensus Estimate for Carpenter Technology’s 2024 earnings is pegged at $4 per share. The consensus estimate for 2024 earnings has moved 1% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 14.3%. CRS shares have gained 33.5% in a year.The Zacks Consensus Estimate for Innospec’s 2024 earnings is pegged at $6.72 per share, indicating a year-over-year rise of 10.3%. The Zacks Consensus Estimate for IOSP’s current-year earnings has been revised 2% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 10.5%. The company’s shares have rallied 19.3% in the past year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nEcolab Inc. (ECL) : Free Stock Analysis Report\nCarpenter Technology Corporation (CRS) : Free Stock Analysis Report\nInnospec Inc. (IOSP) : Free Stock Analysis Report\nEldorado Gold Corporation (EGO) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2427758598"}