Tag: eldorado-gold

Eldorado (NYSE:EGO) Begins Iron Ore Shipments from Vila Nova

Already one of the top gold miners as measured by low costs, Eldorado Gold (NYSE:EGO) has launched its first shipment of iron ore from its Vila Nova Mine in Brazil, which could help lower gold production costs even more for the company.The first shipment included 45,000 tons of lump ore grading approximately 63% Fe, which was sold to the Chinese spot market, according to a press release from the

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Eldorado (NYSE:EGO), Gammon (NYSE:GRS), Ivanhoe (NYSE:IVN) Surge on Gold Prices Soaring

Eldorado Gold Corp Ltd (NYSE:EGO); Gammon Gold Inc. (NYSE:GRS) Ivanhoe Mines Ltd (NYSE:IVN) are all moving higher with more record gold prices today, as the economic conditions remain conducive to ongoing gold strength.Gold skyrocketed to another record high Wednesday, exploding to as high as $1,375.70 for December delivery. Spot gold was up over $20, rising to $1,370.70 at a little after 1:30 PM

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Eldorado Gold (NYSE:EGO) and Fallout from Andean (TSE:AND) Bid

Eldorado Gold (NYSE:EGO) has suffered some unexpected backlash when they were suddenly outbid by Goldcorp (NYSE:GG) for Andean Resources (TSE:AND).Most of the fallout from the lost bid is in the rumor mill, more than anything else, and it didn’t help that they were named the fastest-growing company by Fortune, when that isn’t the case.That invited intense scrutiny, which combined with the rumors,

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Eldorado (NYSE:EGO) Closes Acquisition of Xiaoshiren Central License

Filed in eldorado-gold, Gold, Gold Prices, White Mountain by on September 16, 2010 0 Comments

Eldorado Gold Corporation (NYSE:EGO) announced they have closed the acquisition of the Xiaoshiren Central exploration license, located about 20 kilometers southeast of their White Mountain gold mine in Jilin Province, China. The Xiaoshiren Central EL was acquired from Fushun Hanking Mining Ltd, and is now 100 percent owned by the White Mountain Joint Venture, of which Eldorado holds a 95 percent

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Eldorado (NYSE:EGO), Yamana (NYSE:AUY) Novagold (AMEX:NG) Soar on Record Gold Prices

It’ll take time to see if the relatively benign economic news concerning the weakness of the European Union is the ultimate catalyst is leveraging gold prices to expected levels, along with the somewhat lagging gold mining stocks like Eldorado Gold Corp Ltd (NYSE:EGO) Yamana Gold, Inc. (NYSE:AUY) and Novagold Resources Inc (AMEX:NG), which soared as gold prices once again surpassed record

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Eldorado Gold (NYSE:EGO) Downgraded by Credit Suisse (NYSE:CS)

Credit Suisse (NYSE:CS) downgraded Eldorado Gold (NYSE:EGO) from “Outperform” to “Neutral,” with a price target of $23 on them.Even the soaring gold prices today weren’t able to lift Eldorado up, as they’ve been flirting around the level mark, moving slightly down and up throughout the trading session.As of 1:46 PM EDT, Eldorado Gold (NYSE:EGO) was at $19.06 a share, losing $0.04, or 0.21

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Eldorado Gold (NYSE:EGO) Offers $3.2 Billion for Andean (OTC:ANDPF)

Eldorado Gold Corp. has made a $3.2 Billion bid for Andean Resources Ltd. (OTC:ANDPF), a gold mining company based in Australia. Terms of the transaction would be a straight stock deal for shares from Eldorado. “The transaction is consistent with Eldorado’s stated strategy of building a geographically diversified, low cost, high growth gold producer,” said Eldorado’s chief executive officer

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Eldorado’s (NYSE:EGO) Earnings More Than Double, Revenue Surges

Eldorado Gold Corp. (NYSE:EGO) (TSE:ELD) joined the parade of gold miners who performed strongly in the latest quarter, as earnings more than doubled and revenue was up 158 percent. For the second quarter, earning soared to $60.5 million, or 11 cents a share, way up from the $25.9 million, or 7 cents a share in the same quarter of 2009. Revenue also exploded to $207.8 million, an increase of

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Stifel Nicholas Initiates Coverage on IAMGOLD (NYSE:IAG), Eldorado (NYSE:EGO), Kinross (NYSE:KGC), Others

Stifel Nicholas initiated coverage on a large number of gold mining companies today, including IAMGOLD (NYSE:IAG), Eldorado (NYSE:EGO), Kinross (NYSE:KGC), Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG), Osisko Mining (TSE:OSK), European Goldfields (TSE:EGU) and Newmont Mining (NYSE:NEM). Eldorado Gold, Barrick Gold, Kinross Gold and Goldcorp were all started off with “Holds” by Stifel. While

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Iamgold (NYSE:IAG), Barrick (NYSE:ABX), Newmont (NYSE:NEM) Price Targets Increased by UBS AG (NYSE:UBS)

In a nod to mining companies in general, and gold miners in particular, UBS AG (NYSE:UBS) increased their price targets on a number of miners today, including Iamgold (NYSE:IAG), Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM).They lifted their target on Barrick from $53.50 to $57.50, and on Iamgold from $21.50 to $23.00.Other miners having their price targets increased were Eldorado Gold (

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Eldorado Gold (NYSE:EGO) Down on the Week

The story for gold miners this week, including Eldorado Gold (NYSE:EGO), was a big downswing on Monday, as traders took profits, the next three days trading at level ranges, and finally finishing the week up with a burst. Others weren’t quite so fortunate, as the plunge on Monday for some, such as Eldorado was huge, and the Friday rebound wasn’t as strong as some of their competitors. Along with

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US Gold (AMEX:UXG), Eldorado Gold (NYSE:EGO), Compania de Minas Buenaventura (NYSE:BVN), New Gold (AMEX:NGD) Continue to Surge

Since the S&P 500 hit its high on April 23, gold mining stocks have been hot, and several have soared by double-digits during that time, including US Gold (AMEX:UXG), Eldorado Gold (NYSE:EGO), Compania de Minas Buenaventura (NYSE:BVN), and New Gold (AMEX: NGD), all of which are continuing to soar today, as gold resumes its upward price movement. Using the high on April 23 and the low on June 7

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