On October 15, Eldorado fell 6.19% in Regular Trading, trading at $34.35 per share, with turnover of $54.99 million.

The move coincided with broad weakness across gold miners after US September CPI came in above expectations, reinforcing expectations for further Federal Reserve tightening and pushing spot gold below $4,100 per ounce.

Recent market reports said September CPI rose 3.7% year over year versus a 3.6% expectation, while the probability of additional tightening increased materially. In the same selloff, precious-metals shares broadly declined, with Eldorado and peers such as Coeur Mining, Pan American Silver, Barrick Mining Corporation, Newmont Mining, and Agnico Eagle Mines all under pressure. Although Eldorado recently reached an operating milestone at its Skouries project with first copper-gold concentrate produced, the immediate trading driver appears to be macro and sector-wide rather than company-specific.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)