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Eldorado maintains 2023 guidance

28th April 2023

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

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Canada-headquartered Eldorado Gold has maintained its 2023 guidance of 475 000 oz to 515 000 oz, having delivered first-quarter production that was in line with its 2023 guidance.

The miner produced 112 533 oz at an all-in sustaining cost of $1 184/oz in the first quarter, up from 93 209 oz in the same period last year, reflecting higher output at most sites, notably a 25% increase at Kisladag, in Türkiye.

"Operations across our global portfolio improved significantly compared to the first quarter of 2022, with gold production 21% higher than the same period last year,” said president and CEO George Burns.

“Consolidated gold production is weighted to the second half of 2023, with stronger production in the quarters ahead," added Burns.

First-quarter gold sales totalled 109 817 oz at an average realised gold price per ounce sold of $1 932.

Edited by Creamer Media Reporter

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