Eldorado Focused on Greek Development Projects Amid Transition Period; No Upside at Current Prices
Including discontinued operations of Chinese assets, Eldorado’s gold production declined more than 30% to 124,110 ounces during the second quarter. The decline was less pronounced when excluding Chinese assets, as Eldorado produced 73,330 ounces, a 23% decline over the prior year. On the positive side, total cash cost for continuing operations declined to $505 per ounce compared with $577 per ounce in the second quarter of last year. Key development projects in Greece at Olympias and Skouries la...Eldorado Gold is engaged in the exploration, development, mining and production of gold and other mining resources in Brazil, China, Turkey and Greece.
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