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An international gold company that currently operates gold mines in Turkey and Brazil. The Company has a background in acquiring, discovering and developing quality gold assets.
In real life, EGO is one of my very oldest precious metals holdings. It has done well for me over the years, but we've yet to see the real gains. "Eldorado Gold Corporation is a gold mining company actively growing businesses in Turkey, China and Brazil. Our goal is to produce 500,000 ounces of gold per year by 2010. Eldorado is well positioned to grow in value as we create and pursue new opportunities in gold and other resources." 2007 highlights:• Produced 281,135 ounces of gold at a cash cost of US$236 perounce• Kisladag Mine 135,306 ounces at a cash cost US$189 perounce• Tanjianshan Mine 138,192 ounces at a cash cost US$288per ounce• Efemçukuru feasibility study delivered and land acquisitionadvanced• Development decision Vila Nova Iron Ore.2008 objectives:• Reopening Kisladag Mine – March 6, 2008• Commencement of Efemçukuru construction• Constructing and Commissioning Vila Nova Iron Ore project• Growth through acquisition• Continue to replace resource and reserves at our operationsAt Kisladag mine, Turkey: Forecasted 2008 production 190,000 ounces @US$222 perounceAt Tanjianshan, China: Forecasted 2008 production 109,000 ounces of gold at US$289/oz.
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