Eldorado Gold: Another Quarter Of Significant Margin Expansion
- Eldorado Gold Corporation's Q3 2024 production increased by 3%, but full-year guidance was trimmed due to downtime at Olympias and slower leach times at Kisladag.
- Meanwhile, costs increased materially year-over-year, with Eldorado being one name whose costs are more sensitive to higher royalty rates related to the gold price vs. its peers.
- On a positive note, Skouries remains on schedule & while EGO doesn't screen as attractively for its FCF yield, it will morph into a free cash flow machine in 2026.
- In this update, we'll dig into its Q3-24 recent, Skouries progress and whether the stock is worthy of investment at current levels.
Nordroden
All figures are in United States Dollars unless otherwise noted. G/T = grams per tonne (of gold or silver). GEOs = gold-equivalent ounces. SEOs = silver-equivalent ounces. AISC refers to all-in sustaining costs. LOMP = life of mine plan. TPD = tonnes per day.
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