Production challenges at open mines stress Eldorado's need for diversification through Greece.
On Oct. 23, Eldorado Gold cut its production guidance and raised its cost guidance for Kisladag for 2017. The company now expects the Turkish mine to produce 170,000 to 180,000 ounces at cash costs of $500 to $550 per ounce, compared with June guidance of 180,000 to 210,000 ounces at cash costs of $450 to $500 per ounce. Previous 2018 guidance of 320,000 to 335,000 ounces at cash costs of $425 to $475 per ounce, which included production that shifted into 2017, was not updated and is under revie...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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