Solved: Canadian-based mining company el dorado gold ego suspended, Finance Basics

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Canadian-based mining company el dorado gold ego suspended

Canadian-based mining company El Dorado Gold (EGO) suspended its dividend in March 2016 as a result of declining gold prices and delays in obtaining permits for its mines in Greece. Suppose you expect EGO to resume paying annual dividends in two years time, with a dividend of $.25 per share, growing by 2% per year. If EGO's equity cost of capital is 10%, what is the value of a share of ego today?

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Finance Basics: Canadian-based mining company el dorado gold ego suspended

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