The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Just remind me, Phil, what's the minimum cash balance you're comfortable having on the balance sheet in terms of any excess cash flow to paying
down the bonds?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. okay, that helps. And then, maybe for Paul, just coming back -- actually, Phil, just on the inventory leftover, that 9,000 ounces left at Olympias.
How do we look at that during the year, is that going to be sold?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. And then actually, Paul, maybe just continuing with you. You mentioned that there is a possibility for an expansion at Olympias, which would
be done at modest capital. Can you talk a little bit about what exactly you would be doing there? And what is modest capital and does that mean
we continue to push out that Phase 3 -- Phase 2, appreciate that, that's a ways out there.
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Well, what's modestly capital spend are we talking about? And what's significantly expand -- like, an increase? Like, can you go to 500 tonnes from
430?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. And you wouldn't need any modification to your permits? Or do you need anything there?
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. And it could be done relatively quickly, like in a year or 2?
without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its
affiliated companies.
FEBRUARY 22, 2019 / 4:30PM, ELD.TO - Q4 2018 Eldorado Gold Corp Earnings Call
Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst
: No, and I appreciate that, George. I appreciate it, I mean, if we didn't have -- if we had a normal investment scenario in Greece, and we didn't have
a balance sheet having to deal with the bonds. I'm just trying to get a feel for how fast could something like that come up -- could you get it in?
|
