EGO - Eldorado Gold Provides Update on First Quarter 2024 Tax Impacts in Turkiye; and Provides Conference Call Details | Benzinga
VANCOUVER, British Columbia, April 09, 2024 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation ("Eldorado" or the "Company") today provides the following updates on the tax impacts in Turkiye related to the weakening of the Turkish Lira in Q1 2024.
Tax Impacts in Turkiye for Q1 2024 Related to the Weakening Turkish Lira
The Company's profits from mining operations in Turkiye are taxed at the enacted rate and the resulting current income tax expense can be further increased or reduced by other items. For the first quarter, the Company expects the Turkish current income tax expense on mining profits, at an enacted rate of 25%, to be further decreased by $9 to $12 million. The estimated decrease is primarily attributable to investment tax credits relating to Kisladag and Efemcukuru, and the effects of inflation accounting, partly offset by taxable unrealized foreign exchange gains due to the weakening of the Lira, against the US dollar, in the quarter.
Q1 2024 Financial and Operational Results Call Details
Eldorado will release its 2024 First Quarter Financial and Operational Results after the market closes on Thursday, April 25, 2024, and will host a conference call on Friday, April 26, 2024, at 11:30 AM ET (8:30 AM PT). The call will be webcast and can be accessed at Eldorado Gold's website: www.eldoradogold.com, or via: https://services.choruscall.ca/links/eldoradogold2024q1.html
Participants may elect to pre-register for the conference call via this link: https://services.choruscall.ca/DiamondPassRegistration/register?confirmationNumber=10023172&linkSecurityString=1f37ca0204. Upon registration, participants will receive a calendar invitation by email with dial in details and a unique PIN. This will allow participants to bypass the operator queue and connect directly to the conference. Registration will remain open until the end of the conference call.
| Conference Call Details |
| Replay (available until May 31, 2024) |
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| April ... |