Kisladag’s Lower Costs and Continuing Progress in Greece Anchor Good Start to 2017 for Eldorado
With just two mines in production, the market places just as much focus on the development of Eldorado’s key projects Olympias and Skouries in Greece as it does on existing operations. On that note, Eldorado shares have rallied 7% after reporting first-quarter earnings, as we write. We believe this is not only due to a return to lower costs at flagship mine Kisladag, but also due to continuing progress at the Greek projects.As a reminder, Kisladag cash costs rose by about $100 per ounce in 2016...
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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