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Eldorado Gold ( (TSE:ELD) ) has issued an update.
Eldorado Gold reported robust financial and operational results for the fourth quarter and full year of 2024, achieving positive free cash flow. The company produced 520,293 ounces of gold in 2024, a 7% increase over the prior year, driven by improvements at Kisladag and Lamaque. Despite rising production and sales costs, Eldorado maintained its total cash costs and all-in sustaining costs within guidance ranges, highlighting operational efficiency amidst higher royalties and labor costs. Capital expenditures were significant, with notable investments in the Skouries Project and other operational enhancements, underscoring Eldorado’s commitment to long-term growth and operational sustainability.
More about Eldorado Gold
Eldorado Gold Corporation is a mining company focused on the production of gold. The company operates in various global locations and is known for its mining operations and exploration activities, with a significant focus on increasing production and optimizing its operations.
YTD Price Performance: -7.90%
Average Trading Volume: 1,373,230
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.95B
See more data about ELD stock on TipRanks’ Stock Analysis page.
