Eldorado Gold Corporation - EGO STOCK NEWS

Eldorado Gold Corporation reported its Q2 2022 financial results, showing a net loss of $22.7 million ($0.12 per share), compared to a net profit of $31.0 million in Q2 2021. Gold production increased by 22% to 113,462 ounces, with sales at 107,631 ounces at an average price of $1,849 per ounce. Cash operating costs rose to $789 per ounce, up from $645 in Q2 2021. Revenue decreased 8% to $213.4 million, influenced by lower sales volumes despite higher metal prices. The company's 2022 outlook remains cautious, expecting annual production of 460,000 to 490,000 ounces.

Eldorado Gold Corporation announced preliminary gold production for Q2 2022 totaling 113,462 ounces, maintaining its full-year production guidance of 460,000 to 490,000 ounces. Key contributors to production included Kisladag with 27,973 ounces, Lamaque at 46,917 ounces, and Efemcukuru with 22,793 ounces. The company reports optimization efforts are yielding positive results, particularly with increased throughput and grades. However, gold production at Kisladag fell short of expectations due to lower leach pad tonnage, though improvements are anticipated in the third quarter.

Eldorado Gold Corporation announced that all director nominees from the Management Proxy Circular dated April 25, 2022, were elected at the Annual Meeting of Shareholders on June 9, 2022. Steven Reid, Chair of the Board, expressed gratitude to shareholders for their support and highlighted the contributions of outgoing director George Albino, who did not seek re-election. Stephen Walker, with over 35 years of experience in capital markets, has been welcomed to the Board. Shareholders also approved the appointment of auditors and executive compensation resolution with significant support.

Eldorado Gold Corporation reported its Q1 2022 financial and operational results, highlighting a total gold production of 93,209 ounces and sales of 94,472 ounces at an average price of $1,889 per ounce. Major challenges included COVID-related absenteeism, severe weather, and power outages, impacting production. The company recorded a net loss of $316.8 million, primarily due to a $365.4 million impairment of the Certej project. Adjusted net loss stood at $19 million. Despite these setbacks, Eldorado maintains its guidance of 460,000 to 490,000 ounces for 2022.

Eldorado Gold Corporation announced preliminary gold production for Q1 2022 at 93,209 ounces, maintaining its full-year guidance of 460,000 to 490,000 ounces. Production was affected by COVID-19-related absenteeism and adverse weather conditions, particularly at the Kisladag mine. However, expected production recovery is anticipated in the second half of the year. The Company also expects a reduction of up to $3 million in income tax expenses in Turkey due to investment tax credits. Operations are on schedule across all sites, with ongoing developments and exploration efforts.

Eldorado Gold Corporation has filed two technical reports for its Skouries and Lamaque projects. The Skouries Technical Report, effective January 22, 2022, was prepared by certified professionals and outlines the project's feasibility. The Lamaque Technical Report, with an effective date of December 31, 2021, emphasizes significant economic potential. Both reports comply with NI 43-101 standards and are accessible on the Company’s website and SEDAR profile. Eldorado operates in multiple regions, including Turkey, Canada, Greece, and Romania, focusing on gold and base metals production.

Eldorado Gold Corporation has announced promising exploration results from its operations in Lamaque (Canada), Efemcukuru (Turkey), and Kassandra (Greece) on March 29, 2022. Key findings include high-grade gold intercepts at Ormaque and Kokarpinar South, bolstering the company's resource base. With a planned exploration budget of $44 to $48 million for over 150,000 metres of drilling in 2022, Eldorado aims to expand its resources significantly. Notable results from drilling programs indicate strong potential for extending mine life and enhancing production capabilities.

Eldorado Gold Corporation reported its fourth-quarter and full-year 2021 results, achieving strong gold production of 122,582 ounces in Q4 and 475,850 ounces in 2021, within guidance. Cash operating costs were $571 per ounce sold in Q4 and $626 for the year. However, the company faced a net loss of $43.1 million in Q4, attributed to higher taxes and impairment losses related to the closure of Stratoni. In 2022, production is expected to be lower in H1 due to operational challenges. Financially, Eldorado held $481.3 million in cash, while adjusted net earnings were $119.3 million for 2021.