Eldorado Sees Mixed Results in 3Q, as Production Exceeds Expectations but Costs Rise
Eldorado’s third quarter provided mixed results. On one hand, gold production rose 21% to 84,783 ounces. On the other hand, all-in sustaining costs, or AISC, rose 20% to $1,112 per ounce. Consistent with the third-quarter results, Eldorado raised its full-year production guidance to 345,000 to 355,000 ounces, up from 330,000 to 340,000 ounces revised during the second-quarter earnings release. However, management also increased cash operating cost guidance to $600 to $650 per ounce, up from $580...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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