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Eldorado Gold Announces First Quarter 2020 Financial and Operating Results Toronto Stock Exchange: ELD

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VANCOUVER, British Columbia, April 30, 2020 (GLOBE NEWSWIRE) – Eldorado Gold Corporation (Eldorado or the Company) today reports the Company’s financial and operating results for the first quarter of 2020.

Highlights of the first quarter of 2020 and subsequent periods

  • Proactive measures taken to manage the impact of the new coronavirus pandemic (“COVID-19”); operations maintained in Turkey and Greece: The Company’s mines in Turkey and Greece remained operational throughout the first quarter. Measures to prevent the spread of COVID-19 and to ensure safe working environments have been implemented at the global Eldorado sites.
  • Lamaque returned to service after a temporary suspension, obtaining a permit to increase underground production: On March 25, 2020, in accordance with the restrictions imposed by the Government of Quebec to fight the COVID-19 pandemic in the province, the Company temporarily ceased its mining and processing activities in Lamaque. Operations resumed on April 15, 2020. However, exploration drilling activities continue to be reduced in accordance with the prescribed restrictions. The Company also received a certificate of authorization from the Quebec Department of the Environment to allow production expansion at the Triangle underground mine in Lamaque from 1,800 tonnes per day (“tpd”) to 2,650 tpd.
  • Supporting our communities in response to the COVID-19 pandemic: The Company has allocated initial financial and in-kind support of $ 500,000 to local communities in Turkey, Canada, Greece, Romania and Brazil so that they can better respond to the impacts of the pandemic. Donations include: personal protective equipment and sanitation supplies, medical equipment for local hospitals, and food and other supplies for vulnerable populations.
  • Partial drawdown of the credit facility as a proactive measure: On March 30, 2020, the Company used $ 150 million of its revolving credit facility as a proactive measure in light of the uncertainty surrounding the COVID-19 pandemic. The Company does not require immediate funds, however the proceeds will be used for general corporate purposes as required.
  • Stable production and 2020 annual forecasts maintained: Gold production totaled 115,950 ounces in the first quarter of 2020, an increase of 40% from the first quarter production of 82,977 ounces. Eldorado maintains its 2020 annual forecast of 520,000 to 550,000 ounces of gold at an all-inclusive maintenance cost of $ 850 to $ 950 per ounce sold.
  • All-inclusive maintenance costs decrease from quarter to quarter: Q1 2020 all-in sustaining costs of $ 952 per ounce sold were lower than Q1 2019 ($ 1,132 per ounce sold).
  • Strong financial liquidity: The Company currently has $ 363.6 million in cash, cash equivalents and term deposits and approximately $ 36 million available under the remaining $ 100 million of the revolving credit facility, with $ 64 million capacity allocated to the facility to secure certain reclamation obligations associated with its operations.
  • Net loss and adjusted net profit attributable to shareholders: Net loss attributable to shareholders of the company in Q1 2020 was $ 4.9 million or $ 0.03 per share (Q1 2019: net loss attributable to shareholders of the company of $ 27.0 million, or 0, $ 17 per share). Adjusted net income attributable to shareholders of the Corporation in Q1 2020 was $ 12.5 million, or $ 0.08 per share (Q1 2019: adjusted net loss attributable to shareholders of the Corporation of $ 21.1 million, or $ 0.13 per share).
  • Increased EBITDA: Q1 2020 EBITDA was $ 84.7 million (Q1 2019 $ 4.9 million) and Q1 2020 adjusted EBITDA was $ 90.0 million (Q1 2019 $ 12.5 million). The adjustments for the two periods included, among other things, stock-based compensation and losses on disposals of assets.

The operational performance of the first quarter of 2020 was exceptional in extraordinary conditions, as we effectively responded to the global pandemic of COVID-19. I would like to acknowledge the efforts of all of our employees who have worked tirelessly and put in place the controls necessary to minimize the risk to our employees, our families, neighboring communities and our business, said George Burns, President and Chief Executive Officer direction.

The Company has been agile in its decision-making, in particular by implementing proactive measures to protect its balance sheet. With approximately $ 400 million in total cash at the end of the quarter, Eldorado is well capitalized and well positioned to maintain its strategic objectives as we begin to repay our term loan in June of this year. “

Currently, we are maintaining our forecast for 2020 and will continue to assess capital allocation, operational profitability and monitor the potential impacts of COVID-19, including staffing levels. The sites are operating at approximately 75% of normal levels as staff considered to be at high risk have been asked to stay at home. We do not anticipate that this will affect production in the short term, but we are looking at the potential longer term impact as some discretionary activities such as stripping of waste, underground development and drilling are temporarily curtailed. We continue to monitor this situation closely and are actively working with sites to return to normal staffing levels.

Consolidated financial and operational highlights

3 months ended March 31
20202019
Returned (1)$204.7$80.0
Gold income (1)$183.7$54.5
Gold produced (oz) (2)115,95082,977
Gold sold (oz) (1)116,21943,074
Average realized price of gold ($ / oz sold) (6)$1,580$1,265
Cash operating costs ($ / oz sold) (3.6)627625
Total cash costs ($ / oz sold) (3.6)678652
All-inclusive maintenance costs ($ / oz sold) (3.6)9521,132
Net loss for the period (4)(4.9)(27.0)
Basic net loss per share ($ / share) (4)(0.03)(0.17)
Adjusted net profit (loss) (4,5,6,7)12.5(21.1)
Adjusted net earnings (loss) per share ($ / share) (4,5,6,7)0.08(0.13)
Cash flow from operating activities before changes in working capital (6.8)69.48.2
Free movement of capital (6)7.2(64.0)
Cash, cash equivalents and term deposits$363.6$227.5
  1. Excludes sales of inventory extracted from Lamaque during the pre-commercial production period (Q1 2019).
  2. Includes pre-commercial production in Lamaque (Q1 2019).
  3. Revenues from by-products are offset by cash operating costs.
  4. Attributable to the shareholders of the Company.
  5. See the reconciliation of net income to adjusted net income in the “Non-IFRS measures” section of the management report.
  6. These measures are non-IFRS measures. See the Management Report section “Non-IFRS Measures” for explanations and discussion of these non-IFRS measures.
  7. Q1 2019 has been adjusted to conform to the 2020 presentation. See the “Non-IFRS measures” section of the MD&A for more details.
  8. The amount for Q1 2019 has been adjusted to reflect the reclassifications of cash flows related to operating activities for the period considered.

Gold production of 115,950 ounces increased from 82,977 ounces in the first quarter of 2019. Gold sales in Q1 2020 totaled 116,219 ounces, compared to 43,074 ounces sold in Q1 2019. Higher volume of sales from the prior year reflected increases in all mines, primarily 26,728 ounces sold from Lamaque after commencing commercial operations in April 2019, an additional 24,345 ounces sold from Kisladag after resumption of mining operations in April 2019 and 17,403 additional ounces sold of Efemcukuru due to sales delays in the first quarter of 2019.

Total revenues amounted to $ 204.7 million in Q1 2020, an increase of 156% compared to total revenues of $ 80.0 million in Q1 2019. This increase is due to the increased volumes of sales combined with rising gold prices and included $ 42.8 million in revenue brought in by Lamaque after commercial operations in April 2019.

Cash operating costs in Q1 2020 averaged $ 627 per ounce sold, a slight increase from $ 625 per ounce sold in the first quarter of 2019. This increase is mainly due to cash operating costs paid per ounce sold to Efemcukuru and Lamaque which were negatively impacted by poor quality mining and processing. ore during the quarter, which produced fewer ounces. Cash operating costs per ounce sold at Olympias were also affected by lower prices for silver and base metals, which reduced operating costs disbursed as by-product credits. These increases were almost entirely offset by a decrease in cash operating costs per ounce sold to Kisladag in the first quarter of 2020 due to the partial reallocation of processing costs in ounces in leaching inventory following the resumption of mining in April 2019.

We reported a net loss attributable to shareholders of $ 4.9 million (loss of $ 0.03 per share) in the first quarter of 2020, compared to a net loss of $ 27.0 million (loss of 0.17 $ per share) in the first quarter of 2019. The net loss in the first quarter of 2020 is mainly attributable to an increase in cost financing and an increase in tax charges in line with the increase in sales volumes and the weakening of currencies in which the income tax is determined.

Adjusted net income was $ 12.5 million ($ 0.08 per share) in the first quarter of 2020, compared to an adjusted net loss of $ 21.1 million (loss of $ 0.13 per stock) in the first quarter of 2019. Adjusted net income in the first quarter of 2020 eliminates, among other things, a loss of $ 12.2 million on foreign exchange due to the translation of deferred tax balances and the loss of 4 , $ 4 million on the non-cash revaluation of the derivative linked to the repurchase options in our debt.

Response to the COVID-19 pandemic

On March 11, 2020, COVID-19 was declared a global pandemic by the World Health Organization. In response, governments in many jurisdictions, including those where we operate, have implemented emergency measures, including travel restrictions, suspension of non-essential operations and behavioral changes to reduce the spread of the virus. .

We have taken steps and implemented global preventive measures to ensure a safe working environment for our employees and contractors and to prevent the spread of COVID-19. These include:

  • Observations of tasks to ensure that the controls in place at the workplace are effective in maintaining physical distance. The procedures will be modified if necessary to create a safety distance. Tasks that cannot be changed effectively are suspended until an appropriate change can be implemented.
  • Preventive measures such as controlling the temperature before entering the sites, encouraging handwashing and physical distance and limiting all non-essential movement.
  • Advise employees to stay at home if they are at risk or if family members are at risk.
  • Following recommendations from the World Health Organization, local health authorities and the advice of jurisdictional governments. We have taken precautionary measures to inform our employees about the symptoms and transmission of the virus with clear instructions on what to do in case of discomfort.
  • Isolation procedures, if an employee or contractor is positive for COVID-19.
  • Limit access to our offices and sites to essential people only to reduce unnecessary exposure. We have also implemented controls during the delivery of supplies and equipment to our offices and sites.
  • Work with local communities to distribute hygiene supplies and educate them on preventive measures to reduce the spread of the virus.

We have been careful in preparing for the uncertainty surrounding COVID-19 and its effects on our business. We implemented a crisis management plan at the beginning of March and continue to optimize and improve our approach to this situation through observations and learning, by sharing information between our sites and our industry. We continue to closely monitor our operating environments and continue to take proactive measures to protect the health and safety of our workforce, their families and our neighboring communities.

Update operations

Gold operations

3 months ended March 31
20202019
Total
Ounces produced (1)115,95082,977
Ounces sold (2, 4)116,21943,074
Cash operating costs ($ / oz sold) (4.5)$627$625
All-inclusive maintenance costs ($ / oz sold) (4.5)$952$1,132
Support capital spending (5)$19.4$10.8
Kisladag
Ounces produced (3)50,17627,247
Ounces sold51,60027,255
Cash operating costs ($ / oz sold) (5)$451$558
All-inclusive maintenance costs ($ / oz sold) (5)$578$703
Support capital spending (5)$3.0$3.1
Lamaque
Ounces produced (1)27,35319,678
Ounces sold (2)26,728n / A
Cash operating costs ($ / oz sold) (5)$641n / A
All-inclusive maintenance costs ($ / oz sold) (5)$1,042n / A
Support capital spending (5)$8.3n / A
Efemcukuru
Ounces produced23,23926,124
Ounces sold (4)23,2215,818
Cash operating costs ($ / oz sold) (4.5)$642$636
All-inclusive maintenance costs ($ / oz sold) (4.5)$864$1,394
Support capital spending (5)$3.1$3.6
Olympias
Ounces produced15,1829,928
Ounces sold14,67010,001
Cash operating costs ($ / oz sold) (5)$1,196$800
All-inclusive maintenance costs ($ / oz sold) (5)$1,646$1,284
Support capital spending (5)$5.0$4.1
  1. Includes pre-commercial production in Lamaque (Q1 2019).
  2. Excludes sales of inventories produced in Lamaque during the pre-commercial production period (Q1 2019).
  3. Kisladag resumed mining, crushing and placing of the ore on the heap leach platform on April 1, 2019. This activity was suspended since April 2018.
  4. Efemcukuru’s unit costs in Q1 2019 were affected by the decrease in the number of ounces sold due to delivery delays in Q1 2019 which were completed in Q2 2019.
  5. These measures are non-IFRS measures. See the Management Report section “Non-IFRS Measures” for explanations and discussion of these non-IFRS measures.

Conference call

A conference call to discuss details of the company’s first quarter 2020 results will be held by senior management on Friday, May 1, 2020 at 8:30 a.m. (Pacific Time) (11:30 a.m. EST). The call will be webcast and can be viewed on the Eldorado Golds website: www.eldoradogold.comand via this link: http://services.choruscall.ca/links/eldoradogold20200501.html.

Conference call detailsReplay (available until June 5, 2020)
Dated:May 1, 2020Vancouver:+1 604 638 9010
Time:8:30 a.m. Pacific Time (11:30 a.m. ET)Free:+1 800 319 6413
Compose:+1 604 638 5340Access code:4286
Free:+1 800 319 4610

About Eldorado Gold

Eldorado is a producer of gold and base metals with mining, development and exploration operations in Turkey, Canada, Greece, Romania and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high quality assets and long term partnerships with local communities. Eldorado’s common shares are traded on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Contacts

Investor relations

Peter Lekich, Director of Investor Relations
604.687.4018 or 1.888.353.8166 [email protected]

Media

Louise Burgess, Director of Communications and Government Relations
604.687.4018 or 1.888.353.8166 [email protected]

Non-IFRS measures

Certain non-IFRS measures are included in this press release, including the average realized price of gold per ounce sold, operating costs and cash operating costs per ounce sold, total cash costs and the total cash costs per ounce sold, all-in sustaining costs (“AISC”) and AISC per ounce sold, adjusted net income / (loss), adjusted net income per share, working capital, cash flow from operations before changes in non-cash working capital, earnings before interest, taxes and depreciation and amortization (“EBITDA”) and adjusted earnings before interest, taxes and depreciation (“adjusted EBITDA”), free cash flow and sustaining capital. Please see the March 31, 2020 MD&A for explanations and discussion of these non-IFRS measures. The Company believes that these measures, in addition to the conventional measures prepared in accordance with International Financial Reporting Standards (IFRS), provide investors with a better ability to assess the Company’s underlying performance. Non-IFRS measures are intended to provide additional information and should not be viewed in isolation or as a substitute for performance measures prepared in accordance with IFRS. These measures have no standardized meaning prescribed by IFRS and therefore may not be comparable to other issuers.

Caution regarding forward-looking statements and information

Some of the statements made and information provided in this press release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and information can be identified by the use of words such as “plans”, “expect”, “is expected”, “budget”, continue, plan, “planned”, “estimates”, “plans” , “hears”, “anticipates”, or “believes” or the negatives thereof or variations of such words and expressions or statements that certain actions, events or results “may”, “could”, “would like”, ” could “or” be taken, occur or be realized.

The forward-looking statements or information contained in this press release include, but are not limited to, statements or information regarding: the duration, extent and other implications of COVID-19 and all restrictions and suspensions regarding our operations, our guidelines and outlook, including planned production, cost forecasts and gold recoveries, favorable economic conditions for our heap leach plan and the possibility of extending the life of the mine in our projects, including in Kisladag through new metallurgical tests on deeper materials, completion and results of pickling of waste in Kisladag, improvement of production at Olympias, completion and results of construction and PEA in Lamaque, completion construction at Skouries, planned capital and exploration expenses; our expectations regarding our future financial and operational performance, expected metallurgical recoveries, the outlook for gold prices and the world market for concentrates; and our strategy, plans and objectives, including our plans and priorities for exploration, development, construction, licensing and operation, as well as the associated timelines and schedules and the results of legal and arbitration.

Forward-looking statements and forward-looking information, by their nature, are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of the Company will be significantly different from any future results. , the performances or achievements expressed or implied by these forward-looking statements or information.

We have made certain assumptions regarding forward-looking statements and information, including assumptions about how the global economic and social impact of COVID-19 is managed and the duration and extent of the COVID 19 pandemic., the geopolitical, economic, authorization and legal climate in which we operate; the future price of gold and other raw materials; the global concentrate market; exchange rate; expected costs and expenses; production, mineral reserves and resources and metallurgical recoveries, the impact of acquisitions, disposals, suspensions or delays on our activities and the ability to achieve our objectives. In particular, unless otherwise indicated, we have assumed that existing business operations will continue in much the same way as at the time of publication of this release.

Although our management believes that the assumptions made and the expectations represented by these statements or information are reasonable, there can be no assurance that any forward-looking statements or information will prove to be correct. Many assumptions can be difficult to predict and are beyond our control.

In addition, if one or more of the risks, uncertainties or other factors materialize, or if the underlying assumptions prove to be incorrect, the actual results could differ significantly from those described in the forward-looking statements or information. These risks, uncertainties and other factors include, but are not limited to, the following: global epidemics of infectious diseases, including COVID-19, retest results, recoveries of gold and other metals; the geopolitical and economic climate (global and local), the risks linked to mining tenure and permits; volatility in the prices of gold and other commodities; continued easing of the global concentrate market; risks related to potential and ongoing litigation and arbitration proceedings concerning the company, its activities, properties and operations; expected impact on reserves and book value; updating reserve and resource models and mine life plans; mining exploitation and development risk; financing risks, operational risks abroad; sovereign investment risks; regulatory risks and responsibilities, including environmental regulatory restrictions and liability; the differences between actual and estimated production, mineral reserves and resources and metallurgical tests and recoveries; additional funding requirements; currency fluctuations; actions of community and non-governmental organizations; speculative nature of gold exploration; dilution; volatility in share prices and the price of the Company’s common shares; competition; loss of key employees; and the defective title of mining claims or mining properties, as well as the risk factors discussed in the sections entitled Forward-Looking Statements and “Risk Factors in Our Business” in the company’s most recent annual information form 40-F. The reader is invited to carefully examine the detailed discussion of risks in our most recent annual information form filed on SEDAR and EDGAR under the name of our company, which discussion is incorporated by reference in this press release, for a better understanding of the risks and uncertainties. that affect the business and operations of the company.

Forward-looking statements and information are designed to help you understand current management views of our short and long term prospects, and may not be suitable for other purposes.

There can be no assurance that any forward-looking statements or information will prove to be correct as actual results and future events may differ materially from those predicted in these statements. Therefore, you should not place undue reliance on the forward-looking statements or information contained in this document. Unless required by law, we do not expect to continually update forward-looking statements and information as conditions change.

The financial information and summary statements contained in this document or attached may not be suitable for readers who do not know the company and do not replace reading the financial statements of the company and the related management report available on our site. Web and on SEDAR and EDGAR under the name of our company. The reader is invited to carefully examine this document to fully understand the financial information summarized in this document.

Unless otherwise indicated, the scientific and technical information contained in this press release has been reviewed and approved by Paul Skayman, FAusIMM, Special Advisor to the Chief Operating Officer of Eldorado Gold Corporation and a “Qualified Person” under Regulation 43 -101.

Eldorado Gold Corporation
Condensed consolidated interim statements of financial position
(Unaudited in thousands of US dollars)
Like aNoteMarch 31, 2020December 31, 2019
ASSETS
Current assets
Cash and cash equivalents$308,780$177,742
Term deposits54,8003.275
Marketable securities2,8893,828
Accounts receivable and others471,50675,310
Inventories5165,579163,234
Current portion of employee benefit plan assets5,777
Assets held for sale11,95612,471
621,287435,860
Restricted cash1,9063,080
other assets29 14522,943
Employee benefit plan assets6,244
Tangible fixed assets4,067,0824,088,202
Good will92,59192,591
$4,812,011$4,648,920
LIABILITIES AND EQUITY
Current liabilities
Accounts payable and accrued liabilities$131,067$139 104
Current portion of rental liabilities9,4099.913
Current portion of debt6216,66766,667
Current portion of asset retirement obligations1,7831,782
Current portion of benefit plan obligations1,080
Liabilities associated with assets held for sale4,2194.257
364,225221,723
Debt6418,458413,065
Rental liabilities13,14815,143
Employee benefit plan obligations17,08418,224
Asset retirement obligations94 17594,235
Deferred tax liabilities415,413412,717
1,322,5031,175,107
Equity
Share capitalten3,075,1003,054,563
Own shares(8,314)(8,662)
Contributed surplus2,628,8202,627,441
Accumulation of other overall losses(30,062)(28,966)
Deficit(2,234,747)(2,229,867)
Total equity attributable to shareholders of the Company3,430,7973,414,509
Attributable to non-controlling interests58,71159,304
3,489.5083,473,813
$4,812,011$4,648,920

Approved on behalf of the board of directors

(Signed) John WebsterDirector (Signed) George Burns Director

Date of approval: April 30, 2020

Eldorado Gold Corporation
Condensed consolidated interim income statements
For the three months ended March 31, 2020 and 2019
(Unaudited in thousands of US dollars, except per share and per share amounts)
NoteQuarter ended March 31, 2020Quarter ended March 31, 2019
Returned
Metal sales7$204 655$80,024
Cost of sales
Production costs101.36251,921
Depreciation and amortization52,36320,161
153,72572,082
Profit from mining operations50,9307,942
Exploration and evaluation costs3,2275,365
Mine standby costs84.0307.993
General and administrative expenses8.2876,953
Employee benefit plan costs691599
Expenses related to share-based payments111,7952,902
Impairment of assets20317
Exchange rate gain(762)(245)
Operating profit (loss)33,459(15,642)
Other (loss) income9(1,320)1.633
Financial expenses9(16,207)(7,331)
Operating profit (loss) before income tax15,932(21,340)
Income tax expense21,4056,032
Net loss for the period$(5,473)$(27 372)
Attribuable à:
Actionnaires de la société(4 880)(26 965)
Intérêts non-majoritaires(593)(407)
Perte nette pour la période$(5 473)$(27 372)
Nombre moyen pondéré d’actions en circulation (en milliers)
De base165,211158,318
Dilué165,211158,318
Perte nette par action attribuable aux actionnaires de la Société:
Perte de base par action$(0,03)$(0,17)
Perte diluée par action$(0,03)$(0,17)
Eldorado Gold Corporation
États intermédiaires consolidés résumés de la perte globale
Pour les trois mois terminés les 31 mars 2020 et 2019 (non audité en milliers de dollars américains)
Trimestre terminé le 31 mars 2020Trimestre terminé le 31 mars 2019
Perte nette pour la période$(5 473)$(27 372)
Autres revenus (pertes) globaux:
Éléments qui ne seront pas reclassés en résultat:
Variation de la juste valeur des investissements en titres de participation, nets d’impôt(868)147
Pertes actuarielles sur les régimes d’avantages sociaux des employés, nettes d’impôt(228)(346)
Total des autres éléments du résultat global pour la période(1 096)(199)
Perte globale totale pour la période$(6 569)$(27 571)
Attribuable à:
Actionnaires de la société(5 976)(27 164)
Intérêts non-majoritaires(593)(407)
$(6 569)$(27 571)
Eldorado Gold Corporation
États intermédiaires consolidés résumés des flux de trésorerie
Pour les trois mois terminés les 31 mars 2020 et 2019
(Non audité en milliers de dollars américains)
RemarqueTrimestre terminé le 31 mars 2020Trimestre terminé le 31 mars 2019
Flux de trésorerie générés par (utilisés dans):
Activités d’exploitation
Perte nette pour la période$(5 473)$(27 372)
Articles sans incidence sur les espèces:
Dépréciation et amortissement52 92719 942
Charges financières16,2247,331
Le revenu d’intérêts(389)(1 215)
Gain de change non réalisé(2 538)(173)
La charge d’impôt sur le revenu21 4056 032
Réduction de valeur des actifs20317
Perte sur cession d’actifs2,45462
Dépenses liées aux paiements fondés sur des actions111,7952 902
Frais du régime d’avantages sociaux des employés691599
87 2998 125
Paiements de remise en état des propriétés(526)(900)
Paiements au titre du régime d’avantages sociaux des employés(236)
Impôts sur le revenu payés(14 719)
Intérêts payés(2 770)(250)
Intérêt reçu3891 215
Variations du fonds de roulement hors trésorerie12(16 170)(8 818)
Trésorerie nette générée par (utilisée dans) les activités d’exploitation53,267(628)
Activités d’investissement
Achat d’immobilisations corporelles(40 482)(65 920)
Produit de la vente d’immobilisations corporelles22380
Produit des ventes de la production précommerciale, net4,553
Taxes sur la valeur ajoutée liées aux dépenses de propriétés minières, nettes(5 651)(2 371)
Augmentation des dépôts à terme(51 525)(26)
Diminution (augmentation) de l’encaisse affectée1 174(446)
Trésorerie nette utilisée dans les activités d’investissement(96 462)(63 830)
Activités de financement
Encaisse reçue pour l’émission d’actions ordinaires26 836
Produit des emprunts6150 000
Portion principale des dettes de location(2 534)(1 074)
Trésorerie nette générée par (utilisée dans) les activités de financement174 302(1 074)
Augmentation (diminution) nette de la trésorerie et des équivalents de trésorerie131 107(65 532)
Trésorerie et équivalents de trésorerie – début de période177 742286,312
Diminution de la trésorerie du groupe destiné à être cédé destiné à la vente(69)
Trésorerie et équivalents de trésorerie – fin de période$308,780$220 780
Eldorado Gold Corporation
États intermédiaires consolidés résumés des variations des capitaux propres
Pour les trois mois terminés les 31 mars 2020 et 2019
(Non audité en milliers de dollars américains)
RemarqueTrimestre terminé le 31 mars 2020Three months ended March 31, 2019
Share capital
Balance beginning of period$3,054,563$3,007,924
Shares issued upon exercise of share options, for cash424
Transfer of contributed surplus on exercise of options170
Shares issued to the public, net of share issuance costs19,943
Balance end of perioddix$3,075,100$3,007,924
Treasury stock
Balance beginning of period$(8,662)$(10,104)
Shares redeemed upon exercise of restricted share units348835
Balance end of period$(8,314)$(9,269)
Contributed surplus
Balance beginning of period$2,627,441$2,620,799
Share-based payments1,8971,902
Shares redeemed upon exercise of restricted share units(348)(835)
Transfers to share capital on exercise of options(170)
Balance end of period$2,628,820$2,621,866
Accumulated other comprehensive loss
Balance beginning of period$(28,966)$(24,494)
Other comprehensive loss for the period(1,096)(199)
Balance end of period$(30,062)$(24,693)
Deficit
Balance beginning of period$(2,229,867)$(2,310,453)
Loss attributable to shareholders of the Company(4,880)(26,965)
Balance end of period$(2,234,747)$(2,337,418)
Total equity attributable to shareholders of the Company$3,430,797$3,258,410
Non-controlling interests
Balance beginning of period$59,304$63,414
Loss attributable to non-controlling interests(593)(407)
Balance end of period$58,711$63,007
Total equity$3,489,508$3,321,417

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LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



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