Wednesday, March 15, 2017

Eldorado Gold Corp - ELD.t

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.

On February 24, 2017 the company released Numbers
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.