Eldorado Gold (EGO) Tops Q1 EPS by 1c

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Eldorado Reports First Quarter 2016 Results

May 11, 2016 5:05 PM EDT

TSX: ELD NYSE: EGO

VANCOUVER, May 11, 2016 /PRNewswire/ - Eldorado Gold Corporation, ("Eldorado" or "the Company") is pleased to announce the Company's financial and operational results for the first quarter ended March 31, 2016.  Eldorado reported gold production of 140,989 ounces (2015: 189,414 oz) at an average cash operating cost of $603 per ounce (2015: $521/oz).  Adjusted net loss for the quarter was $0.7 million ($0.00 per share) compared to net earnings of $19.5 million ($0.03 per share) in 2015.

"We have completed another consistent quarter with our operations performing to plan and we remain on track to achieve our guidance for the year", stated Paul... More

Skouries Technical Study approved, construction to recommence

May 9, 2016 12:05 AM EDT

TSX: ELD NYSE: EGO                                                                                          

VANCOUVER, May 9, 2016 /PRNewswire/ - Eldorado Gold Corporation ("Eldorado" or the "Company") confirms that Hellas Gold S.A., a Greek subsidiary of Eldorado, has received from Greece's Ministry of Energy and Environment (The "Ministry") the approval of the updated Technical Study for the Skouries Project in Halkidiki, Northern Greece. The approval of the Technical Study enables Hellas Gold to recommence construction activities at the Skouries Project site, which were suspended in January of this year (see news release dated January 11, 2016).

Paul Wright, President and Chief Executive Officer of Eldorado, commented:  "We are all very pleased with the receipt of this approval and... More