Fortuna Mining: High Production Cost, Short Mine Life, And Elevated Jurisdiction Risk [Seeking Alpha]
Eldorado Gold Corporation Ordinary Shares (EGO)
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm
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US:NYSE Investor Relations:
eldoradogold.com/investors/default.aspx
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Source: Seeking Alpha
Play 16min Summary During the first half of 2024, Séguéla and Yaramoko generated operating income of $85.7 million, which is roughly equivalent to 85% of the total operating income of $102.6 million. Although Yaramoko and Séguéla are low-cost production centers for Fortuna, they are pretty much at the center of the industry's all-in-sustaining costs curve. The proven and probable reserves at Yaramoko are estimated at only 219,000 ounces, which is the equivalent of a reserve life index of approximately 2.0 years based on the 2024. In my view, Fortuna could be incentivized to purchase assets in an attempt to replace production volumes, and this dynamic points toward capital allocation risks. Sunshine Seeds Thesis Even though I am attracted by the optionality embedded in Fortuna's NYSE: FSM ) portfolio, the short reserve life and the jurisdictions in which the five operating mines are located create important risks. Based on my personal investment objectives, I would r
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News
- Valkea Announces Results of AGM and Welcomes George Salamis to the Board [Yahoo! Finance]Yahoo! Finance
- Trending Tickers [Yahoo! Finance]Yahoo! Finance
- Eldorado Gold Releases Updated Mineral Reserve and Mineral Resource Statement; 2024 Gold Mineral Reserves Increased to 11.9 Million Oz with M&I Gold Mineral Resources of 22.0 Million Oz; Inaugural Mineral Reserve Declared at Ormaque; Outline of 2025 ReporAcquire Media Monitor
- Eldorado Gold Releases Updated Mineral Reserve and Mineral Resource Statement; 2024 Gold Mineral Reserves Increased to 11.9 Million Oz with M&I Gold Mineral Resources of 22.0 Million Oz; Inaugural Mineral Reserve Declared at Ormaque; Outline of 2025 ReporGlobeNewswire
- Are Basic Materials Stocks Lagging Eldorado Gold (EGO) This Year? [Yahoo! Finance]Yahoo! Finance
EGO
Earnings
- 10/31/24 - Beat
EGO
Sec Filings
- 12/12/24 - Form 6-K
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- EGO's page on the SEC website