Stroking Eldorado's EGO

Cramer has always endorsed gold as a key part of any portfolio. Lately, he’s recommended Agnico-Eagle Mines and SPDR Gold Shares . But he’s also a big fan of Eldorado Gold , and not just because of its ticker symbol: EGO. The company holds one of the industry’s lowest cost profiles, which translates into wider margins and bigger profits. That kind of performance is probably one reason why the stock has followed gold prices all the way up.

Eldorado CEO and President Paul Wright attributed his firm’s success to discipline, pure and simple. Keeping costs low is essential to EGO’s philosophy, and the company does that by developing “long-lived, low-cost assets.” Eldorado controls its properties from discovery to production, and that strategy has kept the business from getting unwieldy.

“We are a growing company,” Wright said, “but we’re not a company that’s going to grow at any cost.”

Cramer and Wright also discussed Eldorado’s growth strategies and whether acquisitions would play a part. There was also concern about new development projects and the impact they could have on keeping costs low. Plus, Cramer wanted to know if gold’s surging prices were real or just speculation. Watch the video for the CEO’s answers.

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