Trimming Eldorado Gold's FVE as Longer-Term Outlook Remains Weak
On Feb. 22, Eldorado Gold issued full-year results for 2018. The company produced nearly 350,000 gold ounces (including precommercial production) at total operating cost of $650 per ounce and all-in sustaining costs, or AISC, of $994 per ounce. Based on management’s guidance, the near term looks pretty good. In 2019, production will rise to 390,000 to 420,000 ounces and AISC will fall to $900 to $1,000 per ounce, largely driven by the commercial start of Lamaque. 2020 looks even better, as the r...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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