Why Eldorado Gold Shares Are Trading Lower Premarket Tuesday?
Portfolio Pulse from Lekha Gupta
Eldorado Gold Corporation (NYSE:EGO) shares are trading lower in premarket after reporting Q4 gold production of 143,166 ounces and full-year production of 485,140 ounces, which met the midpoint of its guidance range. The company saw increased production in Canada and Turkiye, with a slight decrease in Greece. EGO will release full Q4 and FY23 results on February 22, 2024, and has recently appointed a new CFO, Paul Ferneyhough.
January 16, 2024 | 1:18 pm
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Eldorado Gold's stock is trading lower premarket after announcing Q4 and full-year production numbers that met guidance. The company also announced a new CFO.
Despite meeting production targets, EGO's stock is trading lower, which could be due to market expectations of higher results or concerns about future performance. The appointment of a new CFO is a significant corporate change that could also influence investor sentiment.
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