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Eldorado Gold Corp (NYSE: EGO) |
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Eldorado Gold Corp Outlook |
On December 13 2023 the Eldorado Gold Corp provided following guidance
Eldorado Gold Corporation, a mining company based in Vancouver, Canada, has recently disclosed its updated Mineral Reserve and Mineral Resource (MRMR) estimates. These estimates reflect the amount of gold that the company expects to extract from its mining operations.
As of September 30, 2023, Eldorado Gold Corporation has reported a Gold Mineral Reserve of 11.7 million ounces. This represents the amount of gold that the company has determined can be economically recovered from its mining projects. It is crucial for the company to maintain a robust reserve to ensure continued production and profitability.
Additionally, Eldorado Gold Corporation has identified Measured and Indicated Gold Mineral Resources of 19.0 million ounces. These resources refer to the gold deposits that have been identified through exploration activities but are yet to be fully evaluated for economic viability. They serve as a potential future source of reserves and are subject to further evaluation and feasibility studies.
The updated MRMR estimates demonstrate Eldorado Gold Corporation's commitment to assessing and managing its gold assets. These estimates provide important information to investors, stakeholders, and industry professionals about the company's gold production capabilities. The company's ability to maintain and expand its reserves and resources is crucial for its long-term success and sustainability in the mining industry.
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