Eldorado Gold (EGO) Posts Q4 GAAP Loss of $1.79/Share

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Go back to Eldorado Gold (EGO) Posts Q4 GAAP Loss of $1.79/Share

Eldorado Reports 2015 Year-End and Fourth Quarter Financial and Operational Results

March 23, 2016 6:04 PM EDT

2015: Another Solid Year of Production

TSX: ELD   NYSE: EGO

VANCOUVER, March 23, 2016 /PRNewswire/ - Eldorado Gold Corporation, ("Eldorado" or "the Company") is pleased to announce the Company's financial and operational results for the year ended December 31, 2015.  Eldorado reported strong gold production of 723,532 ounces (2014: 789,224 oz) at an average cash operating cost of $552 per ounce (2014: $500/oz).  Adjusted net earnings for 2015 were $13.2 million ($0.02 per share) compared to $138.7 million ($0.19 per share) in 2014.

"In a year marked by permitting challenges in Greece, coupled with continued metal price volatility, I am pleased to report that... More