Seeking Alpha

Eldorado Gold says 2013 gold production rose 10%, cash costs flat

  • Eldorado Gold (EGO) says 2013 gold production totaled 721.2K oz., a 10% Y/Y increase, with average cash costs of $494/oz. vs. mid-point guidance of $520/oz. for the year and 2012 costs of $483/oz.
  • EGO sees 2014 gold production rising 6% to 730K-800K oz. at a cash cost of $550-$590/oz.; all-in sustaining costs are expected to be $915-$985/oz.
  • Sustaining capital for gold mining operations in 2014 is estimated at $170M with planned expenditures for new mining development totaling $345M, including $215M toward continued construction of the Skouries project.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector