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Stock impact report

Eldorado Gold raises full-year production outlook, driven by Kisladag [Seeking Alpha]

Eldorado Gold Corporation Ordinary Shares (EGO) 
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm Check Earnings Report
US:NYSE Investor Relations: eldoradogold.com/investors/default.aspx
Company Research Source: Seeking Alpha
Eldorado Gold raises full-year production outlook, driven by KisladagEldorado Gold (EGO+2.9%) is higher after posting mixedQ2 results but raising its full-year production guidance as it reports better than expected output from its flagship Kisladag mine in Turkey.EGO says Q2 gold production jumped 56% Y/Y to 99.1K oz., helped by higher production from the Kisladag and Efemcukuru mines in Turkey as well as Olympias in Greece.As a result, EGO raises its FY 2018 production guidance to 330K-340K oz. from its previous forecast of 290K-330K oz., while maintaining guidance for cash costs of $580-$630/oz.; Q2 cash costs of $587/oz. came in 21% higher than the $484/oz. from the year-ago quarter.EGO says itexpects to recover 40K-45K oz. of previously deemed unprofitable gold from the heap leach operation at Kisladag during 2018-22, based on new advances in metallurgical testwork.See all stocks on the move »Now read:NovaGold Sells 50% Of Galore Creek To Newmont: Good News, Especially For Newmont Show less Read more
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