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.

Video Articles

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

BMO Reiterates $20 Price Target On Eldorado Gold

At the end of October, Eldorado Gold (TSX: ELD) reported its third quarter financial results....

Sunday, November 14, 2021, 01:56:00 PM

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

Eldorado Gold’s Q2 Production Comes Up Short For BMO’s Estimates

Eldorado Gold (TSX: ELD) earlier this week announced its second-quarter production results. The company announced...

Saturday, July 16, 2022, 03:14:00 PM

Canaccord Revises Estimates For Eldorado Gold, Maintains Ratings

Eldorado Gold (TSX: ELD) reported their second quarter financials recently. The company produced 116,066 ounces...

Monday, August 9, 2021, 04:49:00 PM

BMO Reiterates Ratings On Eldorado Gold Despite Poor Quarterly Performance

Eldorado Gold (TSX: ELD) is down 8% since it reported its first-quarter financial results on...

Tuesday, May 3, 2022, 02:22:00 PM