Eldorado Gold (EGO) Reports In-Line Q2 EPS

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Go back to Eldorado Gold (EGO) Reports In-Line Q2 EPS

Eldorado Reports Second Quarter 2016 Results

July 28, 2016 5:10 PM EDT

TSX: ELD   NYSE: EGO

VANCOUVER, July 28, 2016 /PRNewswire/ - Eldorado Gold Corporation, ("Eldorado" or "the Company") is pleased to announce the Company's financial and operational results for the second quarter ended June 30, 2016.  Eldorado reported gold production of 124,110 ounces (2015: 181,160 oz) at an average cash operating cost of $607 per ounce (2015: $569/oz).  Adjusted net earnings for the quarter was $11.7 million ($0.01 per share) compared to adjusted net earnings of $17.0 million ($0.02 per share) in 2015.

"Quarterly production was in-line with internal plans and we are expecting to produce a total of 570,000 ounces of gold at all in sustaining cash... More