AMSTERDAM: For the third quarter ended September 30, 2015, Eldorado Gold Corporation, reports gold production of 183,226 ounces (Q3 2014 – 192,578 per ounce) with average cash costs of $552 per ounce (Q3 2014 – $488 per ounce). Adjusted net loss for the quarter was $4.0 million ($0.01 loss per share) compared to a $36.1 million profit ($0.05 per share) in Q3 2014.
Paul Wright, Chief Executive Officer said: “Our consistently strong operational results underline many of the core strengths of the Company. The operational teams in Turkey and China and the international exploration team all delivered another successful quarter. In Greece, our employees and contractors are now back at work on the Skouries and Olympias projects, and mining operations have resumed at Stratoni. The Company anticipates further positive engagement with the Greek government as we move forward with development.”
Based on our continued strong results, we are upgrading our 2015 production guidance to be 710,000 ounces of gold at average cash costs of $565 per ounce and all-in sustaining costs of $870 per ounce.”
