Proactive Investors - Eldorado Gold Corp (TSX:TSX:ELD) has reported strong preliminary gold production for the fourth quarter of 2023 of 143,166 ounces, taking full-year 2023 production 6.9% higher to 485,140 ounces.
In a statement, the company said its production met expectations, aligning with its forecast of a stronger second half of the year. The annual output falls within the midpoint of the tightened guidance range of 475,000 to 495,000 ounces.
In Canada, the Lamaque Complex delivered record gold production in both the fourth quarter and the full year. It attributed a 29% increase over the third quarter to higher grades and increased mill throughput.
In Turkiye, its Kisladag operation saw a 24% quarter-over-quarter surge in gold production, driven by increased tonnes on the pads and improved irrigation rates. Efemcukuru reported record throughput rates in 4Q, achieving an average of 1,500 tonnes per day.
In Greece, Olympias reported slightly lower gold production compared to 3Q. Nevertheless, the mine achieved record annual production due to operational initiatives, including improved ventilation, increased access to work areas, and enhanced productivity within the Flats zone, utilizing bulk mining methods.
The company is scheduled to release its 4Q and FY2023 results after the market closes on February 22, 2024.