DALLAS, Aug. 7, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Eldorado Gold Corp. (AMEX:EGO). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Eldorado Gold Corp. (AMEX:EGO) should be of particular interest to gold mining companies: AngloGold Ashanti Ltd. (NYSE:AU), Goldcorp Inc. (NYSE:GG), Newmont Mining Corp. (NYSE:NEM) and Kinross Gold Corp. (NYSE:KGC).
It is available at: http://www.beaconequity.com/i/EGO
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Eldorado Gold Corp. (EGO) engages in the exploration, production and development of gold mining properties in Brazil, China, Greece and Turkey. The Company is one of the lowest cost gold producers of the world. In addition, the Company has marginal interest in iron ore properties. Its skilled staff includes personnel involved in mining operations and financing property development.
In the report, the analyst notes:
"EGO's cost of production is one of the lowest in the world, which becomes a significant factor during times of high energy costs rising faster than the gold price. Since mining requires more energy per unit of production than any other industry, marginal operators may be required to close a mine due to spikes in energy costs, or produce wildly fluctuating net earnings.
"Another major factor of a gold stock performance other than the fundamentals affecting the gold price is management. The gold industry holds a notorious reputation of mismanagement, mostly stemming from smaller junior and marginal producers operating without the expertise of money raising. Companies headed by geologists without Wall Street and overall corporate financial experience are common to the industry. EGO is a well-run mature "major" of the industry."
To read the entire report visit: http://www.beaconequity.com/i/EGO
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