While the price of gold has faced several headwinds of late, several analysts are optimistic gold could make a run in the second half of 2012 due to the ongoing accommodative monetary policies across the globe. A recent survey from Bloomberg shows that gold could be set for its best year since 2010. The Paragon Report examines investing [...]
Gold stocks have struggled in 2012 as a slowing global economy has resulted in lackluster physical and investor demand for the precious metal. The Market Vectors Gold Miners ETF (GDX) has fallen close to 17 percent this year, while the Market Vectors Junior Gold Miners ETF has fallen over 21 percent. Five Star Equities examines the outlook for [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/27/12 -- On July 26, 2012 the Board of Directors of Eldorado Gold Corporation (TSX: ELD)(NYSE: EGO)(ASX: EAU) declared that the Company will pay an eligible dividend of CDN$0.06 per Common Share on August 24, 2012 (Vancouver time) to the holders of the Company's outstanding Common Shares (held [...]
Eldorado reports profit attributable to shareholders of the Company of $46.6 million for the period, and generates $82.1 million in cash from operating activities before changes in non-cash working capital. Q2 2012 Key Performance Indicators and Subsequent Events: Gold production of 140,694 ounces at an average cash operating cost of$480 per ounce [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/24/12 -- Eldorado Gold Corporation (TSX: ELD)(NYSE: EGO)(ASX: EAU) ("Eldorado", "the Company", or "we") today announced the Suspension Committee of the Council of State of Greece - the country's Supreme Administrative Court - revoked the "Provisional Order" issued on June 29, 2012, which [...]
Junior Miners have been hit hard in 2012 as gold prices have struggled to gain any upwards momentum in 2012. The Market Vectors Junior Gold Miners ETF (GDXJ) has fallen over 25 percent year-to-date. The industry has been a hotbed of acquisition speculation in recent weeks after Yamana Gold announced it had acquired Extorre Gold Mines Ltd. for $414 [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/04/12 -- Eldorado Gold Corporation (TSX: ELD)(NYSE: EGO)(ASX: EAU) ("Eldorado", "the Company", or "we") today announced the Council of State of Greece - the country's Supreme Administrative Court - issued a "Provisional Order" on June 29, 2012 suspending any intervention in a forest area in [...]
Gold prices have struggled to maintain any upwards momentum in 2012 and as a result gold stocks have fallen. The Market Vectors Gold Miners ETF (GDX) and the Market Vectors Junior Gold Miners ETF (GDXJ) have fallen nearly 14 percent and 23 percent year-to-date. Since hitting a record of 1,921 dollars a troy ounce last September, gold prices have [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/27/12 -- Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation (TSX: ELD)(NYSE: EGO)(ASX: EAU) ("Eldorado", the "Company" or "We"), is pleased to provide an update on our 2012 exploration activities, including partial results of drilling programs completed as of late [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/22/12 -- Eldorado Gold Corporation ("Eldorado") ("the Company" or "We") (TSX: ELD)(NYSE: EGO)(ASX: EAU) is pleased to announce, effective July 1, 2012, the appointment of Norm Pitcher to the position of President and Paul Skayman to the position of Chief Operating Officer. Paul Wright will [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/21/12 -- Eldorado Gold Corporation (TSX: ELD)(NYSE: EGO)(ASX: EAU) will release its 2012 Second Quarter Financial and Operating Results before the market opens Friday July 27, 2012. Paul N. Wright, President and Chief Executive Officer of the Company, will host a conference call on Friday July 27 [...]
As conditions in Europe continue to worsen investors have been looking to gold as a safe haven, providing a boost for gold stocks. The Market Vectors Gold Miners ETF (GDX) has surged over 9 percent in the last month. According to the Industrial and Commercial Bank of China Ltd. (ICBC) gold-investment demand in China is expected to grow more than 10 [...]