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BRIEF-Eldorado Q2 adjusted earnings per share $0.02

Published 2015-07-30, 06:09 p/m
BRIEF-Eldorado Q2 adjusted earnings per share $0.02
ELD
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July 30 (Reuters) - Eldorado Gold Corp ELD.TO :
* Reports 2015 second quarter financial and operational results
* Q2 adjusted earnings per share $0.02
* Q2 loss per share $0.28
* Q2 earnings per share view $0.01 -- Thomson Reuters I/B/E/S
* Says updating our 2015 production guidance to be 690,000 ounces of gold at
average cash costs of $590 per ounce
* Qtrly gold production of 181,160 ounces versus Q2 2014 production of 200,551
oz
* Q2 revenues $214.2 million versus $265.0 million
* Sees FY capital spending $110.0 million in sustaining capital and $300.0
million in new project development capital
* Sees change in Greek income tax rate to increase deferred tax
liability,deferred tax expense by about $0.09 per share in Q3
* 2015 capital spending forecast to be $110.0 million in sustaining capital and
$300.0 million in new project development capital
* Previous 2015 capital spending forecast was $165.0 million in sustaining
capital and $345.0 million in new project development capital
* Portion of $200 million in development capital planned for 2015 in skouries,
Greece has been delayed into 2016, as a result of permit issues
* Gold sales volumes and realized prices fell year over year, which impacted
gold revenues and gross profit from gold mining operations"

* Source text for Eikon ID:nPn2tp0sM

* Further company coverage ELD.TO

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