Eldorado Gold Corp. (EGO) Misses Q2 EPS by 6c; Issues Production Outlook
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Eldorado Gold Corp. (NYSE: EGO) reported Q2 EPS of $0.07, $0.06 worse than the analyst estimate of $0.13.
The Company has revised its 2012 production guidance to 660,000 ounces of gold at average cash operating costs of $465 per ounce, due to delayed treatment of Efemcukuru concentrate at the Kisladag mine and the delayed completion of construction of the Eastern Dragon project. The Company's Kisladag, Tanjianshan, White Mountain and Jinfeng mines are forecast to produce 595,000 ounces at a cash operating cost of $471 per ounce. This performance compares favourably with beginning of year mid-range guidance of 595,000 ounces at cash operating costs of $482 per ounce. This production forecast does not include any allowance for production from the recently commissioned Olympias processing plant.
For earnings history and earnings-related data on Eldorado Gold Corp. (EGO) click here.
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The Company has revised its 2012 production guidance to 660,000 ounces of gold at average cash operating costs of $465 per ounce, due to delayed treatment of Efemcukuru concentrate at the Kisladag mine and the delayed completion of construction of the Eastern Dragon project. The Company's Kisladag, Tanjianshan, White Mountain and Jinfeng mines are forecast to produce 595,000 ounces at a cash operating cost of $471 per ounce. This performance compares favourably with beginning of year mid-range guidance of 595,000 ounces at cash operating costs of $482 per ounce. This production forecast does not include any allowance for production from the recently commissioned Olympias processing plant.
For earnings history and earnings-related data on Eldorado Gold Corp. (EGO) click here.
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