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Eldorado Gold Corporation Message Board

  • gobal_warning gobal_warning Sep 30, 2013 9:11 PM Flag

    CREDIT SUISSE LIKES LOW COST GOLD PRODUCERS!!

    Despite Citi raising its target, that $1,250 is still a lot lower than many miners were expecting to have to cope with. One that might be poised to prosper despite lower gold prices: Eldorado Gold (EGO). In a report released last week, Credit Suisse analysts Anita Soni and Robert Reynolds explained why:

    EGO is well set up to weather a lower gold price environment with lower than peer average all-in sustaining costs at $950/oz in 2013; a strong balance sheet with $744M in cash, a $375M undrawn credit facility and $600M in LT debt due in 2020; and strong operations with 2013 guidance tightened to 745koz at $520/oz cash op. costs, the middle upper end of original production guidance. In H1/13, EGO produced 47% of production guidance at $492/oz cash op. costs.

    Sentiment: Buy

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EGO
4.21+0.17(+4.21%)Apr 29 4:02 PMEDT