Eldorado Gold, a junior gold miner, increases it's dividend tie to gold market prices. The revised dividend policy increases the payout as gold's price increases.
VANCOUVER, BC -- Eldorado Gold Corporation ("Eldorado", "the Company" or
"We") is pleased to announce an enhancement to the formula underlying
its existing dividend policy. The formula used to create the semi-annual
dividend fund will continue to be linked to the gold price and the
number of ounces sold, and it will also provide additional step-ups as
the average realized gold price increases. The dividend amount will be
determined as fixed dollar amount per ounce of gold sold, as follows:
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