Historical Operating Results and Sustainability Framework
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
O
$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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