With high-quality, low-cost assets located around the word, a management team that combines technical expertise with a commitment to responsible growth, robust margins and a strong balance sheet, Eldorado Gold is well-positioned to continue to grow.
Because our three core competitive strengths are continuing to add value.
We have a solid production base, with two producing gold mines, a reserve base of ~25 million ounces of gold, an experienced management team and the proven ability to build and operate low-cost gold mines globally.
We have the financial resources to achieve our goals, with $880 million in cash, cash equivalents and term deposits and $250 million in an undrawn credit facility at the end of 2016.
Our portfolio includes two operating gold mines and flexible development options from five projects. Our focus is long term and we make the capital investments in our assets to achieve long-term sustainable growth with high margins, increasing free cash flow and earnings per share.
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Our strategy is to discover, acquire and develop high-quality assets in prospective regions.
We have a long-standing, skilled leadership team at the helm of Eldorado Gold.