EGO - Eldorado Gold Corporation: What The Latest Investor Presentation Tells Us

2024-06-16 01:34:01 ET

Summary

• Eldorado held its latest Investor Presentation, which provided the latest status on a range of issues pertaining to the company.
• Skouries is taking up lots of capex, pushing free cash flow into the red, but the payoff down the road could be substantial.
• The stock has soared higher lately along with the price of gold, but there is reason to believe Eldorado has a shot at higher prices in the coming years.
• Eldorado has what it takes to take full advantage of higher gold prices, which is something that can’t be said of all gold miners.

Eldorado Gold Corporation ( EGO ) held its latest Investor Presentation in June 2024. Among other things, Eldorado presented its latest updates as to the state of the company, which included, for instance, the most up-to-date outlook for 2024 and beyond. In fact, an argument can be made to remain bullish on Eldorado in light of the latest updates. Why will be covered next.

Eldorado remains on track for faster growth

There were a couple of things worth noting in the latest Investor Presentation . For starters, Eldorado remains in growth mode with gold production set to increase in the next several years. Annual gold production is expected to increase to 675,000-735,000 oz in FY2027. In comparison, FY2024 guidance targets production of 505,000-555,000 oz, up from 485,139 oz in FY2023. This implies an increase of about 33% in FY2024-2027 and 45% with FY2023 as the base year....

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