6 new stocks added last week by ProPicks AI are already up by 2.5%. Don't miss the momentum!Get 50% off

BRIEF-Eldorado Gold Reports Q2 Loss Per Share $0.03

Published 2018-07-26, 05:58 p/m
© Reuters. BRIEF-Eldorado Gold Reports Q2 Loss Per Share $0.03
ELD
-

July 26 (Reuters) - Eldorado Gold Corp ELD.TO :

* ELDORADO GOLD REPORTS 2018 SECOND QUARTER FINANCIAL AND OPERATING RESULTS

* Q2 ADJUSTED EARNINGS PER SHARE $0.00

* Q2 LOSS PER SHARE $0.03

* Q2 EARNINGS PER SHARE VIEW $0.00 -- THOMSON REUTERS I/B/E/S

* FULL YEAR PRODUCTION GUIDANCE INCREASED TO330,000-340,000 OUNCES OF GOLD FROM 290,000-330,000 OUNCES OF GOLD

* QTRLY GOLD PRODUCTION OF 99,105 OUNCES, INCLUDING 3,134 OUNCES OF PRE-COMMERCIAL PRODUCTION FROM LAMAQUE

* QTRLY REVENUES $153.2 MILLION VERSUS $82.7 MILLION

* GOLD SOLD WAS 94,224 OUNCES FOR QUARTER VERSUS 57,206 OUNCES LAST YEAR

* COMPANY IS INCREASING ITS 2018 GUIDANCE FOR KISLADAG TO 140,000-150,000 OUNCES AT A CASH COST OF $700-$800 PER OUNCE

* ELDORADO GOLD- IS MAINTAINING ITS PRODUCTION GUIDANCE FOR KISLADAG FOR 2019 AT 40,000-50,000 OUNCES, BUT REVISING CASH COSTS DOWN TO $900-$1,000 PER OUNCE

* CASH COSTS AT KISLADAG HAVE INCREASED IN 2018 AND ARE EXPECTED TO DECREASE IN 2019

* PHIL YEE WILL JOIN COMPANY AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER IN SEPTEMBER 2018

* SEES 2018 CASH COSTS AT $580 - $630 PER OUNCE

* ELDORADO GOLD- ELDORADO IS FORECASTING INCREASED ANNUAL GOLD PRODUCTION, INCLUDING PRE-COMMERCIAL OUNCES FROM LAMAQUE, OF 330,000-340,000 OUNCES OF GOLD

* GOLD PRODUCTION FOR QUARTER WAS UP 56% YEAR ON YEAR (99,105 OUNCES VERSUS 63,692 OUNCES IN Q2 2017)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.