Eldorado Provides 2022 Production and Cost Guidance and Outlines Improved Five-Year Outlook
Eldorado Gold Corporation Ordinary Shares (EGO)
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm
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US:NYSE Investor Relations:
eldoradogold.com/investors/default.aspx
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Source: GlobeNewswire
VANCOUVER, British Columbia, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation, (“Eldorado” or the “Company”) today provided detailed 2022 production and cost guidance and an improved five-year production outlook. Highlights 2022 gold production is expected to be between 460,000 to 490,000 ounces.Mid-point of 2022 gold production is 30,000 ounces or 7% higher compared to the previous 2022 guidance provided in January 2021, due primarily to increased mining rates at Lamaque, increased recovery rates at Kisladag, and increased throughput and higher grades at Olympias.Mid-point of annual gold production has increased on average by approximately 4% or 21,250 ounces per year for 2022 to 2025, compared to guidance provided in January 2021 for the same period. The Company’s 2022 gold production is forecast to be between 460,000 to 490,000 ounces at an average cash operating cost(1) of $640 to $690 per ounce and an average all-in sustaining costs(1) (“AISC”) of $1,075 to $1,175
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- Eldorado Gold Reports First Quarter 2024 Financial and Operational Results; Steady Start to 2024GlobeNewswire
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