Eldorado Gold updates on Q2 tax impact in Turkiye

Eldorado Gold states: “The Company’s profits from mining operations in Turkiye are taxed at the enacted rate and the resulting current income tax expense can be further increased or reduced by other items. For the second quarter, the Company expects the Turkish current income tax expense on mining profits, at an enacted rate of 25%, to be further decreased by $3 to $5 million. The estimated decrease is primarily attributable to investment tax credits relating to Kisladag and Efemcukuru, and the effects of inflation accounting, partly offset by taxable unrealized foreign exchange gains due to the weakening of the Lira, against the US dollar, in the quarter.”