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Eldorado tracking towards lower end of guidance

14th October 2022

By: Creamer Media Reporter

     

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Gold and base metals miner Eldorado Gold is on track to achieve the low end of the consolidated full-year guidance of 460 000 oz, as operating trends continue to improve and sequential quarterly improvements in production are realised.

The TSX-listed company achieved third-quarter production of 118 790 oz, which is an improvement on a quarter-on-quarter and year-on-year basis. Year-to-date gold production amounts to 325 461 oz.

At Lamaque, in Canada, production was below plan, Eldorado said, with the mine producing 122 748 oz in the quarter under review.

In Tukiye, Eldorado produced 95 493 oz from the Kisladag mine and at Efemcukuru, it produced 66 323 oz.

The Olympias mine, in Greece, produced 40 897 oz and is continuing to ramp up productivity. Full-year production, however, will be lower than planned.

Edited by Creamer Media Reporter

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