Eldorado Gold (NYSE: EGO) reported Q1 EPS of ($0.01), $0.02 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $111.9 million versus the consensus estimate of $122.35 million.

First Quarter Financial and Operational Highlights

• Profit of $3.8 million ($0.01 per share), compared to a loss of $2.5 million or $0.00 per share in the first quarter of 2016. Adjusted net earnings of $8.0 million ($0.01 per share) compared to an adjusted net loss of $0.7 million ($0.00 per share) in the first quarter 2016.
• Gold production of 75,172 ounces, compared to 79,892 ounces from continuing operations.
• Gold revenues of $90.5 million on sales of 74,068 ounces of gold at an average realized gold price of $1,222 per ounce.
• All-in sustaining cash costs averaged $791 per ounce; considerably lower than 2017 guidanceof all-in sustaining costs of $845-875 per ounce.
• Cash operating costs averaged $466 per ounce; lower than 2017 guidance of $484-535 per ounce.
• Total liquidity of approximately $1.1 billion, including $873.9 million in cash, cash equivalents and term deposits, and $250 million in undrawn lines of credit at quarter end.
• Olympias Phase II began commissioning in the first quarter 2017.
• Announced receipt of multiple tenders for significantly better concentrate sales terms for gold concentrate produced for beyond 2017 at Olympias Phase II.
• Construction at Skouries continued on track for anticipated 2019 start-up.
• George Burns set to take on role of President & Chief Executive Officer on April 28, 2017.

For earnings history and earnings-related data on Eldorado Gold (EGO) click here.