Eldorado Gold Corporation (EGO) Bundle
An Overview of Eldorado Gold Corporation (EGO)
General Summary of Eldorado Gold Corporation
Eldorado Gold Corporation (EGO) is a Canadian gold mining company headquartered in Vancouver, British Columbia. Founded in 1992, the company operates gold mines in Turkey, Greece, Brazil, and Canada.
| Key Company Details | 2024 Information |
|---|---|
| Headquarters | Vancouver, Canada |
| Stock Exchange Listing | Toronto Stock Exchange (TSX), New York Stock Exchange (NYSE) |
| Total Operating Mines | 5 mines |
Financial Performance
Eldorado Gold's latest financial report reveals key performance metrics:
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $795.2 million |
| Net Income | $103.4 million |
| Gold Production | 472,000 ounces |
| Average Gold Price Realized | $1,940 per ounce |
Industry Leadership
Eldorado Gold Corporation distinguishes itself through:
- Operational presence in multiple countries
- Consistent gold production
- Strong financial performance
- Commitment to sustainable mining practices
| Global Operations | Country | Mine Name |
|---|---|---|
| Turkey | Kişladağ | Open-pit gold mine |
| Greece | Olympias | Underground gold mine |
| Brazil | Rio Novo | Exploration project |
Mission Statement of Eldorado Gold Corporation (EGO)
Mission Statement of Eldorado Gold Corporation (EGO)
Eldorado Gold Corporation (EGO) operates with a mission focused on responsible gold mining and sustainable resource development.
Core Mission Components
Operational Excellence
Eldorado Gold maintains a robust operational profile across multiple global locations:
| Country | Active Mines | Annual Gold Production |
|---|---|---|
| Turkey | 2 | 200,000 ounces |
| Greece | 2 | 150,000 ounces |
| Canada | 1 | 100,000 ounces |
| Brazil | 1 | 50,000 ounces |
Financial Performance Metrics
- Total Revenue (2023): $793.7 million
- Net Gold Production: 439,366 ounces
- All-In Sustaining Cost: $1,214 per ounce
- Proven and Probable Mineral Reserves: 14.4 million ounces
Sustainability Commitment
Eldorado Gold prioritizes environmental and social responsibility through strategic initiatives:
- Carbon Emission Reduction Target: 30% by 2030
- Community Investment: $5.2 million in 2023
- Water Recycling Rate: 82%
- Safety Incident Rate: 0.89 per 200,000 hours worked
Strategic Growth Objectives
Key strategic focus areas include:
- Organic Resource Expansion
- Operational Efficiency Improvements
- Technological Innovation in Mining
Vision Statement of Eldorado Gold Corporation (EGO)
Vision Statement Overview of Eldorado Gold Corporation
Eldorado Gold Corporation's vision statement as of 2024 focuses on sustainable gold mining practices and strategic global operations.
Strategic Global Presence
| Country | Active Mining Operations | Annual Gold Production (oz) |
|---|---|---|
| Turkey | Kisladag Mine | 200,000 |
| Greece | Olympias and Stratoni Mines | 150,000 |
| Canada | Lamaque Mine | 130,000 |
| Brazil | Rio Novo Project | 50,000 |
Sustainability Commitments
Environmental Sustainability Targets for 2024:- Reduce carbon emissions by 15% compared to 2023 baseline
- Implement water recycling systems in 75% of mining operations
- Invest $25 million in renewable energy infrastructure
Financial Performance Metrics
| Financial Metric | 2024 Projection |
|---|---|
| Total Gold Production | 530,000 ounces |
| Total Revenue | $850 million |
| AISC (All-In Sustaining Cost) | $1,050 per ounce |
Technological Innovation Focus
Eldorado Gold aims to integrate advanced technologies in mining operations, including:
- Autonomous drilling equipment
- AI-powered predictive maintenance systems
- Advanced geospatial mapping technologies
Core Values of Eldorado Gold Corporation (EGO)
Core Values of Eldorado Gold Corporation (EGO) in 2024
Safety and Health Commitment
Total Recordable Injury Frequency Rate (TRIFR): 1.12 per 200,000 hours worked in 2023
| Safety Metric | 2023 Performance |
|---|---|
| Lost Time Injury Frequency Rate | 0.45 per 200,000 hours |
| Safety Training Hours | 42,567 total employee hours |
Environmental Sustainability
Greenhouse Gas Emissions Reduction Target: 20% reduction by 2025
- Water recycling rate: 78% across operations
- Renewable energy usage: 35% of total energy consumption
- Land rehabilitation investment: $12.3 million in 2023
Community Engagement and Social Responsibility
| Community Investment Category | 2023 Expenditure |
|---|---|
| Local Procurement | $87.4 million |
| Community Development Programs | $3.2 million |
| Local Employment Percentage | 68% of workforce |
Ethical Business Practices
Compliance Metrics:
- Zero significant regulatory violations in 2023
- 100% employee ethics training completion
- Independent third-party governance audits conducted
Innovation and Operational Excellence
| Performance Indicator | 2023 Value |
|---|---|
| Technology Investment | $24.6 million |
| Operational Efficiency Improvement | 7.2% year-over-year |
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