Eldorado Gold Reports 2018 Third Quarter Financial and Operating Results Including Positive Decision to Advance Kisladag Mill
Eldorado Gold Corporation Ordinary Shares (EGO)
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm
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US:NYSE Investor Relations:
eldoradogold.com/investors/default.aspx
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Source: PR Newswire
TSX: ELD NYSE: EGO VANCOUVER, Oct. 25, 2018 /PRNewswire/ - Eldorado Gold Corporation, ("Eldorado" or "the Company") today reports the Company's financial and operational results for the third quarter ended September 30, 2018.Highlights from the Quarter and Subsequent Period1 Board approval to advance the Mill Project at Kisladag: The feasibility study was completed and on October 25th the Board of Directors approved advancement of the mill project. Highlights of the project include:Estimated capital investment of $520 million (including $384 million for the mill, $75 million for pre-stripping, and $61 million in contingency and growth allowance). Estimated after-tax project net present value (NPV) of $392 million at a 5% discount rate, after-tax internal rate of return (IRR) of 20.4% and payback period of 3.1 years, all at an assumed gold price of $1,300. Proven and Probable reserves materially the same as outlined in the National Instrument 43-101 ("NI 43-101") Pre-Feasibility St
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