Q3 and Q4 2023 Corporate Highlights
Financial Position
Focus on maintaining solid financial position which provides flexibility
to unlock value across our business
$
Liquidity Position (1) (as of Sept. 30, 2023)
•
Cash position (1) of $476.6 million as at September 30, 2023
$477M
$593M
eldorado gold
(1)
■Cash
Credit Facility
$116M
•
•
In October 2021, Eldorado entered into a $250 million amended and
restated senior secured credit facility ("ARCA"), which remains undrawn
•
On April 5, 2023, Eldorado closed the project financing for the
Skouries project, which reduces the availability under the ARCA
as Eldorado's investment undertaking is fully back-stopped by the
letter of credit issued. Current availability of the ARCA is $116
million.
The amount currently issued as a letter of credit for Eldorado's
future capital contributions as part of the Skouries Project
financing is €126.2 million ($133.7 million).
In August 2021, Eldorado completed an offering of $500 million senior
unsecured notes with a coupon rate of 6.25% due September 1, 2029
•
Interest paid semi-annually on March 1 and September 1
Cash position reflects the Company's cash balance and cash equivalents. Amounts are derived from the Q3 2023 financial statements.
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