Eldorado Gold Corp (TSX:ELD)

Eldorado Gold Corporation is a gold mining company with operations across three continents.

Incorporated in 1992, Eldorado Gold Corporation is headquartered in Vancouver, Canada.

Eldorado is a public company listed with the symbol ELD on the Toronto Stock Exchange (TSX).

The portfolio consists of four gold mines and one non-gold mine.

Eldorado Gold Corporation has two operating mines in Turkey: Kışladağ and Efemçukuru.

In Greece, the gold producer operates two polymetallic mines, namely Olympias and Stratoni. The precious metal and base metal deposits consist of gold, silver, lead and zinc.

The Canadian asset includes a gold mine, Lamaque, in Quebec. It is an underground mine that has orogenic gold deposits.

Eldorado Gold Corporation reportedly focuses on expanding its global footprint by investing in highly prospective and under-explored mining areas, intending to promote organic growth across its business operations.

Presently, the company is involved in three exploration projects:
• Greece: Skouries and Perama Hill, open-pit gold and silver mines
• Romania: Certej, a gold-silver project
• Brazil: Tocantinzinho, a gold project located in Tapajos district

Eldorado produced around 5,29,000 ounces of yellow metal and approximately 17.7 million ounces of proven and probable reserve as of September 30, 2020.

The gold mining company has around eight country offices across the globe. It claims that as much as 99 per cent of operational employees are nationals where it operates.

Eldorado Gold Corporation claims that it had invested significantly to ensure safety at the Sigma Tailings Facility in the Lamaque mines.

The company reportedly reduced its lost-time incident frequency rate by nearly 43 per cent from 2019 levels.

The Canadian mining firm is also focusing on near-mine exploration projects in Canada, Turkey, Greece and Europe.

Amid the COVID-19 pandemic, the corporation claims that it implemented several preventative measures to ensure a safe working environment for employees and contractors across the world.