Monday, June 2, 2025

Latest

Eldorado Gold Reports Preliminary Q2 Production Of 113,462 Ounces

Eldorado Gold (TSX: ELD) last night reported its preliminary production results for the second quarter of 2022. The company appears to remain on track for its previously issued 2022 production guidance of 460,000 to 490,000 ounces.

Gold production for the quarter amounted to 113,462 ounces on a preliminary basis, versus 93,209 ounces in the first quarter. Production was however down slightly on a year over year basis from 116,066 ounces in 2021.

Year to date the company has produced 206,671 ounces of gold across its four mining operations, indicating that production will need to scale in the second half of the year to meet the annual guidance figure. Production is expected to pickup at its Kisladag operation, where performance is expected to be “weighted to the second half of the year,” while the firms Greek mine, Olympias, is expected to continue to ramp up productivity as well.

Full financial results for the second quarter are expected to be released after the close of markets on July 28.

Eldorado Gold last traded at $7.40 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

First Majestic Silver: The Santo Nino Discovery

Avino Silver Q1 Earnings: The Record Streak Continues!

Aya Gold & Silver Q1 Earnings: From Kitchen Sink to Record Results

Recommended

First Majestic Silver: The Santo Nino Discovery

Brazil Potash Completes Site Prep For Port Terminal

Related News

The Abitibi Greenstone Belt: One of the World’s Richest Gold Regions

For investors who like to participate in the mining sector, and junior mining in particular,...

Saturday, July 25, 2020, 08:30:00 AM

Renforth Resources, Radisson Mining Of Interest Following QMX Gold Transaction

On January 21, Eldorado Gold Corporation (TSX: ELD) announced an agreement to buy QMX Gold...

Saturday, January 30, 2021, 02:30:00 PM

Eldorado Gold Outlines Potential 17 Year Mine Life Extension To Lamaque Complex

Eldorado Gold (TSX: ELD) has extended the mine life of its Lamaque Complex. The extension...

Tuesday, January 28, 2025, 08:01:06 AM

Eldorado Gold Produces 528,874 Ounces Of Gold In 2020, Meeting Guidance

Eldorado Gold (TSX: ELD) late last night announced its preliminary results for its fourth quarter...

Friday, January 8, 2021, 08:07:13 AM

Eldorado Gold: Skouries Delayed Again + Guidance Cut

Eldorado Gold has seen its stock crash after further delays were announced for its oncoming...

Sunday, February 9, 2025, 08:24:00 AM