Ms. Lynette Gould reports
ELDORADO GOLD PROVIDES UPDATE ON SECOND QUARTER 2024 TAX IMPACTS IN TURKIYE; AND PROVIDES CONFERENCE CALL DETAILS
Eldorado Gold Corp. has provided the following updates on the tax impacts in Turkey in Q2 2024.
Tax impacts in Turkey for Q2 2024
The company's profits from mining operations in Turkey are taxed at the enacted rate and the resulting current income tax expense can be further increased or reduced by other items. For the second quarter, the company expects the Turkish current income tax expense on mining profits, at an enacted rate of 25 per cent, to be further decreased by $3-million to $5-million. The estimated decrease is primarily attributable to investment tax credits relating to Kisladag and Efemcukuru, and the effects of inflation accounting, partly offset by taxable unrealized foreign exchange gains due to the weakening of the Lira, against the U.S. dollar, in the quarter.
Q2 2024 financial and operational results call details
Eldorado will release its 2024 second quarter financial and operational results after the market closes on Thursday, July 25, 2024, and will host a conference call on Friday, July 26, 2024, at 11:30 a.m. ET (8:30 a.m. PT). The call will be webcast and can be accessed at Eldorado Gold's website.
Participants may elect to preregister for the conference call on-line. Upon registration, participants will receive a calendar invitation by e-mail with dial-in details and a unique PIN (personal identification number). This will allow participants to bypass the operator queue and connect directly to the conference. Registration will remain open until the end of the conference call.
Conference call details
Date: July 26, 2024
Time: 11:30 a.m. ET (8:30 a.m. PT)
Dial in: 1-647-484-8814
Toll-free: 1-844-763-8274
Replay (available until Aug. 30, 2024)
Vancouver: 1-412-317-0088
Toll-free: 1-855-669-9658
Access code: 0760
About Eldorado Gold Corp.
Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada and Greece. The company has a highly skilled and dedicated work force, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange and the New York Stock Exchange.
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