Eldorado Gold Corporation: 2005 Financial and Operational Results.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- (all figures in United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. dollars) Paul Paul, 1901–64, king of the Hellenes (1947–64), brother and successor of George II. He married (1938) Princess Frederika of Brunswick. During Paul's reign Greece followed a pro-Western policy, and the Cyprus question was temporarily resolved. N. Wright, President and Chief Executive Officer of Eldorado Gold Eldorado Gold Corporation TSX: ELD is a Vancouver, British Columbia based company involved in the mining, exploration and development of gold properties in Brazil and Turkey. See also
TSX Transfer from Stack Pointer to Index TSX True Space Extension :ELD)(AMEX AMEX See: American Stock Exchange :EGO ego: see psychoanalysis. ego (Latin; “I”) In psychoanalytic theory, the portion of the psyche experienced as the “self” or “I. ) provides the Company's financial and operational results for the year ended December December: see month. 31, 2005. Highlights - Increased proven and probable mineral reserves by 15% to over seven million ounces of gold as a result of our 2005 acquisition of the Tanjianshan gold project and our subsequent exploration program at the project. - Recorded a net loss for the year of $49.1 million or ($0.17) per share, compared to $13.9 million or ($0.05) per share in 2004. - Produced 64,298 ounces of gold at a total cash cost of $416 per ounce ounce, in zoology ounce, in zoology: see leopard. ounce, unit of measurement ounce: see English units of measurement. - Held $33.8 million in cash and short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. deposits at year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. - Completed 90% of the construction required on the Kisladag mine in Turkey with planned production in the second quarter of 2006. - Continued construction at the Tanjianshan mine in China with planned production in the fourth quarter of 2006. - Invested $7.4 million in exploration over the year - Completed a net $155.0 million financing first quarter of 2006 2005 Results The consolidated net loss for 2005 was $49.1 million or ($0.17) per share, compared with a net loss of $13.9 million or ($0.05) per share in 2004 and a net loss of $45.0 million or ($0.20) per share in 2003. Our loss in 2005 resulted from a write down of assets of $18.9 million, higher operating costs operating costs npl → gastos mpl operacionales and depreciation at the Sao Bento A data structure used to store embedded documents in an OpenDoc compound document. Bento, which stands for lunch box in Japanese, provides a "container" to hold the data and a format for defining its contents. mine. Based on current cash flow analyses and reserve estimates the mine will enter its last full year of production in 2006 as we plan to cease mining operations in the first half of 2007. Other contributing factors to the net loss for the year were increased general and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. associated with the start-up Start-up The earliest stage of a new business venture. of the Kisladag mine and higher exploration expenditures. In 2005, we sold 66,804 ounces of gold for $29.7 million at an average realized selling price of $444 per ounce. This compares to 2004 gold sales of 81,913 ounces for $33.5 million at an average realized price of $409 per ounce. Eldorado is in a strong financial position and at December 31, 2005, we held $33.8 million in cash and short-term deposits and $50.0 million in a reserve account, substantially offsetting our debt of $50.8 million. We remain hedge free. On February February: see month. 7, 2006, we closed a financing that resulted in net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of $155.0 million (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $178.9 million). This financing gives us sufficient funds to develop and explore our properties in Turkey, China and Brazil, acquire late-stage development gold properties in China, make other acquisitions and carry out general corporate activities. 2005 Reserves and Resource - As of December 31, 2005 Eldorado has 7.1 million ounces of proven and probable gold reserves. We have 9.8 million ounces of measured and indicated gold resources and 1.7 million ounces of inferred gold resources. Operating Performance In 2005, Sao Bento produced 64,298 ounces of gold at cash cost of $407 per ounce. Production was down 21.6% from 2004 due to problems with ground stability, lower grade and interruptions during the completion of the shaft-deepening project. Total cash costs increased 37.8% from 2004 because of lower gold production, increased costs for ground support and a 12.1% appreciation of the Brazilian Real The real (IPA: [xe'aw] or [ʁe'aɫ], symbol: R$, ISO 4217 code: BRL, plural: reais) is the currency of Brazil. It is also the name of the earliest Brazilian currency (see from the Colonial period to 1942. against the US dollar. Development Construction will be complete and production will commence in the second quarter 2006 at the Kisladag mine. We are currently projecting production of 120,000 ounces of gold in 2006 at an operating cost of $215 per ounce. The projected capital costs for Phase 1 remain unchanged at $83.0 million. In 2005, we received the Environmental Positive Certificate for Efemcukuru, successfully completing the first stage of the permitting process. In 2006, we will continue to advance this project through permitting and feasibility, with construction expected to begin in 2007 and production in 2008. Approximately 60% of the construction required at the Tanjianshan mine in China is complete. Start-up is on schedule for the fourth quarter of 2006. Our estimated capital costs for this mine are now $63.4 million, based on revisions to the tailings Tailings (also known as tailings pile, tails, leach residue, or slickens[1]) are the materials left over[2] after the process of separating the valuable fraction from the worthless fraction of an ore. dam design and increases in engineering, procurement and construction  The introduction to this article is vague. To comply with Wikipedia's guidelines, it should be improved. management costs.
We expect that Tanjianshan will produce 40,000 ounces of gold in 2006
at a cash cost of $320 per ounce.
Exploration Outlook In 2005, we spent $7.4 million on exploration programs in Turkey, Brazil and China. Our exploration budget for 2006 will increase to $14.0 million and we will continue to advance our pipeline of promising properties in these three countries. Turkey In 2005, our exploration activities in Turkey centered on the joint venture AS project, where our 2005 drilling results confirmed that the project is an extensive copper-gold porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. system. In 2006, we'll continue to outline the mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. over the target areas and will begin preliminary metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. test work on core samples. Other planned exploration work in 2006 includes conducting a magnetic survey and completing 4,500 meters of core and reverse circulation drilling at the Koyalhisar project; trenching and completing reverse circulation drilling at Mahmur Tepe; and conducting 1,500 meters of reverse circulation drilling at the Bayramic project. Brazil The results from our 2005 diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program at the Vila Nova There are parishes and municipalities that have the name Vila Nova (Portuguese for new town) in Portugal and Cape Verde: In the Azores
The 2005 drilling program at the Vila Nova iron ore project projected an 8 million tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. resource grading 61% iron. In 2006 we plan a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. , 1,500 meters of infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. and extension drilling, metallurgical test work, and a preliminary site layout. China Our exploration work in 2005 at Tanjianshan consisted of a 52-hole drilling program, which increased the resource by 30 percent to a measured and indicated resource of 1.346 million ounces. We increased the proven and probable gold reserves to 1.115 million ounces. Corporate "This last year was one of intense activity," said Paul Wright Paul Wright may refer to:
named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. mining company producing gold in China." Eldorado is a gold producing and exploration company actively growing businesses in Brazil, Turkey and China. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as we create and pursue new opportunities. ON BEHALF OF ELDORADO GOLD CORPORATION Paul N. Wright, President and Chief Executive Officer Eldorado will host a conference call today to discuss the 2005 Financial Results at 11:00 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy (8:00 a.m. PST PST Paroxysmal supraventricular tachycardia, see there ). You may participate in the conference call by dialing 416-695-5261 in Toronto or 1-877-888-7019 toll free in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and asking for the Eldorado Conference Call with Chairperson chairperson Chairman The head of an academic department. See 'Chair.', Cf Chief. : Paul Wright, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Eldorado Gold. The call will be available on Eldorado's website. www.eldoradogold.com. A replay of the call will be available for one week by dialing 416-695-5275 in Toronto or 1-888-509-0081toll free in North America and entering the Pass code: 617033. The terms "Mineral Reserve", "Proven Mineral Reserve" and "Probable Mineral Reserve" used in this release are Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. mining terms as defined in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. set out in the Canadian Institute of Mining, Metallurgy and Petroleum The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is a technical society of professionals in the Canadian minerals, metals, materials and energy industries. It was founded in 1898. In 2006, the organization had 12,000 national members. (the "CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. ") Standards on Mineral Resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature and Mineral Reserves, adopted by the CIM Council on August 20, 2000 as may be amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. from time to time by the CIM. These definitions differ from the definitions in the United States Securities & Exchange Commission ("SEC") Guide 7. In the United States, a mineral reserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at the time the mineral reserve determination is made. The terms "Mineral Resource", "Measured Mineral Resource", "Indicated Mineral Resource", "Inferred Mineral Resource" used in this release are Canadian mining terms as defined in accordance with National Instruction 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the CIM Standards. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. For a detailed discussion of resource and reserve estimates and related matters see the Company's technical reports, including the Prospectus dated January 31, 2006 and other reports filed under the Company's name at www.sedar.com. A qualified person has verified ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. the data contained in this release. Note to U.S. Investors. While the terms "mineral resource", "measured mineral resource", "indicated mineral resource", and "inferred mineral resource" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the SEC. As such, information contained in this report concerning descriptions of mineralization and resources under Canadian standards may not be comparable to similar information made public by U.S companies in SEC filings. With respect to "indicated mineral resource" and "inferred mineral resource" there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It can not be assumed that all or any part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. Certain of the statements made herein may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. or information within the meaning of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, and forward-looking statements or information within the meaning of the Securities Act (Ontario). Such forward-looking statements or information include, but are not limited to statements or information with respect to unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements or information are subject to a variety of risks and uncertainties, which could cause actual events, or results to differ from those reflected in the forward-looking statements or information. Should one or more of these risks and uncertainties materialize ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. , or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Specific reference is made to "Forward-Looking Statements and Risk Factors" in the Company's Prospectus dated January 31, 2006. Forward-looking statements herein include statements regarding the expectations and beliefs of management. Such factors included, amongst others the following: gold price volatility; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves, and between actual and estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; speculative nature of gold exploration; dilution Dilution A reduction in earnings per share of common stock that occurs through the issuance of additional shares or the conversion of convertible securities. Notes: Adding to the number of shares outstanding reduces the value of holdings of existing shareholders. ; competition; loss of key employees; additional funding requirements; and defective title defective title n. an apparent title to real property which fails because a claimed prior holder of the title did not have title, or there is a faulty description of the property or some other "cloud" over it, which may or may not be apparent from reading the deed. to mineral claims or property, as well as those factors discussed in the section entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Risk Factors" in the Company's Prospectus dated January 31, 2006. We do not expect to update forward-looking statements continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities in Canada and the U.S. Eldorado Gold Corporation's shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSX:ELD) and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX:EGO). Request for information packages: info@eldoradogold.com
PRODUCTION HIGHLIGHTS(1)
--------------------------------------------------------------------
First Second Third Fourth Fourth
Quarter Quarter Quarter Quarter Quarter
2005 2005 2005 2005 2004 2005 2004
--------------------------------------------------------------------
Gold
Production
Ounces
produced 14,311 14,932 18,842 16,212 21,460 64,298 82,024
Cash
Operating
Cost
($/oz)(5) 403 434 368 433 306 407 294
Total Cash
Cost
($/oz)(2,5) 413 440 377 442 313 416 302
Total
Production
Cost
($/oz)(3,5) 589 579 494 610 367 564 358
Realized
Price
($/oz -
sold)(4) 428 425 435 486 430 444 409
--------------------------------------------------------------------
Sao Bento
Mine,
Brazil
Ounces
produced 14,311 14,932 18,842 16,212 21,460 64,298 82,024
Tonnes to
Mill 67,328 80,244 90,074 73,057 90,845 310,703 366,729
Grade
(grams /
tonne) 8.31 6.93 7.69 7.85 8.80 7.67 8.40
Cash
Operating
Cost
($/oz)(5) 403 434 368 433 306 407 294
Total Cash
Cost
($/oz)(2,5) 413 440 377 442 313 416 302
Total
Production
Cost
($/oz)(3,5) 589 579 494 610 367 564 358
--------------------------------------------------------------------
1 Cost figures calculated in accordance with Gold Institute Standard
2 Cash Operating Costs plus royalties and the cost of off-site
administration.
3 Total Cash Cost plus foreign exchange gain or loss, depreciation,
amortization and reclamation expenses.
4 Excludes amortization of deferred gain or loss.
5 Cash operating, total cash and total production costs are non-GAAP
measures that do not have any standardized meaning as prescribed
by GAAP and are therefore unlikely to be comparable to similar
measures presented by other entities. Please see section "Non-GAAP
Measures" of the MD&A.
Eldorado Gold Corporation
Consolidated Balance Sheets
As At December 31
(Expressed in thousands of U.S. dollars)
2005 2004
-------------------------------------------------------------------
ASSETS
Current Assets
Cash and cash equivalents $ 33,826 $ 135,390
Accounts receivable 8,264 8,705
Prepaids 2,024 -
Inventories (Note 5) 7,597 5,927
--------------------------
51,711 150,022
Property, plant and equipment (Note 6) 186,610 52,337
Other assets 6,288 -
Mineral properties and deferred
development (Note 6) 23,326 22,676
Investments and advances (Note 9) 562 1,224
Deposits (Note 4) 50,000 -
Goodwill (Note 3) 2,238 -
--------------------------
$ 320,735 $ 226,259
--------------------------
--------------------------
LIABILITIES
Current Liabilities
Accounts payable and accrued
liabilities $ 19,730 $ 6,005
Current portion of capital lease
obligation 37 -
Current portion of long term
debt (Note 4) 1,488 -
--------------------------
21,255 6,005
Asset retirement obligation (Note 7) 11,143 8,059
Capital lease obligation 90 -
Contractual severance obligation 2,437 636
Future income taxes (Note 10) 10,051 4,598
Long term debt (Note 4) 50,832 -
--------------------------
95,808 19,298
SHAREHOLDERS' EQUITY
Share capital (Note 8) 573,721 508,373
Contributed surplus 1,996 1,094
Stock based compensation (Note 8) 5,980 5,138
Deficit (356,770) (307,644)
--------------------------
224,927 206,961
--------------------------
$ 320,735 $ 226,259
--------------------------
--------------------------
Commitments and Contingencies (Note 11)
Subsequent event (Note 14)
Approved by the Board
Director Director
Eldorado Gold Corporation
Consolidated Statements of Operations and Deficit
For The Years Ended December 31
(Expressed in thousands of U.S. dollars except per share amounts)
2005 2004 2003
--------------------------------------------------------------------
Revenue
Gold sales $ 29,680 $ 33,153 $ 36,814
Interest and other income 4,117 2,762 1,415
----------------------------------------
33,797 35,915 38,229
Expenses
Operating costs 35,378 33,109 22,863
Depletion, depreciation
and amortization 9,798 4,431 10,321
General and administrative 12,976 5,531 4,961
Exploration expense 7,386 4,312 2,009
Interest and financing
costs 88 25 569
Loss on settlement of
convertible debenture - - 227
Stock based compensation
expense 1,961 2,894 1,106
Accretion of asset
retirement obligation 484 430 406
Writedown of assets 19,537 - 44,645
Loss (gain) on disposals
of property, plant &
equipment (5,727) (30) 186
Foreign exchange loss
(gain) 547 (196) (6,494)
----------------------------------------
82,428 50,506 80,799
----------------------------------------
Loss before income taxes (48,631) (14,591) (42,570)
----------------------------------------
Tax recovery (expense)
(Note 10)
Current (152) 1,406 1,107
Future (343) (757) (3,570)
----------------------------------------
Net loss for the year $ (49,126) $ (13,942) $ (45,033)
----------------------------------------
Deficit at the beginning
of the year:
As previously reported (307,644) (293,702) (247,649)
Change in accounting
policy - - (1,020)
----------------------------------------
As restated $ (307,644) $ (293,702) $ (248,669)
----------------------------------------
Deficit at the end of
the year $ (356,770) $ (307,644) $ (293,702)
----------------------------------------
----------------------------------------
Weighted average number
of shares outstanding 284,004,311 257,643,212 221,770,349
----------------------------------------
----------------------------------------
Basic loss per share -
U.S.$ $ (0.17) $ (0.05) $ (0.20)
----------------------------------------
Basic loss per share -
CDN.$ - (yearly avg.
rate) $ (0.19) $ (0.07) $ (0.28)
----------------------------------------
Diluted loss per share -
U.S.$ $ (0.17) $ (0.05) $ (0.20)
----------------------------------------
Eldorado Gold Corporation
Consolidated Statements of Cash Flows
For The Years Ended December 31
(Expressed in thousands of U.S. dollars)
2005 2004 2003
--------------------------------------------------------------------
Cash flows from
operating activities
Net loss for the year $ (49,126) $ (13,942) $ (45,033)
Items not affecting cash
Depletion, depreciation
and amortization 9,798 4,431 10,321
Future income taxes 343 757 3,570
Writedown of assets 19,537 28 44,929
(Gain) loss on disposals
of property, plant and
equipment (227) 8 -
Loss on settlement of
convertible debenture - - 227
Interest and financing costs - - 127
Amortization of hedging gain - 329 (2,286)
Stock based compensation
expense 2,426 3,720 1,418
Contractual severance
expense 1,801 318 318
Accretion of asset
retirement obligation 484 430 406
Foreign exchange (gain) loss (976) 450 (6,850)
Change in non-cash
working capital 2,006 (6,955) (3,501)
----------------------------------------
(13,934) (10,426) 3,646
Cash flow from investing
activities
Acquisition of Afcan
Mining Corporation - net
cash acquired 664 - -
Property, plant and
equipment (88,757) (22,772) (9,391)
Proceeds from disposals
of property, plant and
equipment 227 357 -
Mineral properties and
deferred development (650) (573) (3,604)
Investments and advances - - (1,196)
Proceeds from disposals
of investments and
advances - 70 -
----------------------------------------
(88,516) (22,918) (14,191)
Cash flow from financing
activities
Long-term debt 50,000 - -
Repayment of long-term debt (986) - -
Repayment of convertible
debentures - - (7,150)
Deposits (50,000) - -
Issue of common shares:
Voting - for cash 7,184 63,708 78,619
Other assets (6,288) - -
----------------------------------------
(90) 63,708 71,469
Foreign exchange gain
(loss) on cash held in
foreign currency 976 (439) 6,914
----------------------------------------
Net (decrease) increase
in cash and cash
equivalents (101,564) 29,925 67,838
Cash and cash
equivalents at beginning
of the year 135,390 105,465 37,627
----------------------------------------
Cash and cash
equivalents at end of
the year $ 33,826 $ 135,390 $ 105,465
----------------------------------------
----------------------------------------
The TSX has neither approved nor disapproved the form or content o f this release. Eldorado Gold Corporation (TSX:ELD) (AMEX:EGO) |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion