Eldorado Gold Posts Q3 Production Above Q2 & Q1 Levels, On Track To Achieve FY23 Target
Portfolio Pulse from Lekha Gupta
Eldorado Gold Corporation (NYSE:EGO) reported preliminary Q3 FY23 gold production of 120,042 ounces, higher than Q2 and Q1. The company is on track to achieve its FY23 guidance of 475,000 – 515,000 ounces. Eldorado also reported progress on its Skouries Project, with first gold production expected in mid-2025. However, EGO shares traded lower by 5.78% at $8.40.
October 02, 2023 | 4:22 pm
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Eldorado Gold's Q3 FY23 gold production is higher than Q2 and Q1, and the company is on track to meet its FY23 guidance. Despite this, EGO shares traded lower.
Eldorado Gold's increased gold production and progress on its Skouries Project should be positive news for investors. However, the stock traded lower, possibly due to other market factors or investor sentiment.
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