|Eldorado Gold Corp - ELD.t is a Canadian international gold producer with seven operating mines, three mines under construction, three development projects and an extensive exploration program.|
Eldorado employs over 7,000 people worldwide. 2016 production was 486,025oz Au at AISC of $900/oz.
Eldorado Gold Corporation, ("Eldorado" or "the Company") today reported the Company's financial and operational results for the fourth quarter and year-ended December 31, 2016.
2016 Financial and Operational Highlights (including discontinued operations)
Loss of $344.2 million ($0.48 per share), compared to a loss of $1,540.9 million or $2.15 per share in 2015. Adjusted net earnings of $47.4 million ($0.07 per share) compared to adjusted net earnings of $13.2 million ($0.02 per share) in 2015.
Gold production of 486,025 ounces (including production from discontinued operations), slightly lower than the revised third quarter guidance of 495,000 ounces of gold. Gold revenues were $605.9 million on sales of 483,461 ounces of gold at an average realized gold price of $1,253 per ounce.
All-in sustaining cash costs averaged $900 per ounce; considerably lower than original 2016 guidance of all-in sustaining costs of $940-980 per ounce.
Closed the year with total liquidity of approximately $1.1 billion, including $888.5 million in cash, cash equivalents and term deposits, and $250 million in undrawn lines of credit.