Eldorado Gold Produces 485,140 Ounces of Gold In 2023 With Strong Q4 Preliminary Gold Production Of 143,166 Ounces; Achieves 2023 Production Guidance
Portfolio Pulse from Benzinga Newsdesk
Eldorado Gold Corporation reported strong Q4 2023 preliminary gold production of 143,166 ounces, contributing to a full year production of 485,140 ounces, meeting its 2023 production guidance. The company saw increased production across all assets, with record production at the Lamaque Complex in Canada and Olympias in Greece. In Turkiye, Kisladag and Efemcukuru also performed well, with Kisladag benefiting from improved material handling systems. Eldorado expects a decrease in Turkish current income tax expense for Q4 due to various factors. The company will release its full-year and Q4 financial and operational results on February 22, 2024, followed by a conference call on February 23, 2024.
January 15, 2024 | 11:22 pm
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Eldorado Gold Corporation achieved its 2023 production guidance with strong Q4 results, indicating operational efficiency and positive momentum going into 2024.
Meeting production guidance typically reflects positively on a company's operational capabilities and efficiency, which can instill investor confidence. The record production at key mines and the expected decrease in Turkish tax expenses are positive indicators that may lead to a favorable short-term impact on EGO's stock price.
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