Eldorado Gold (EGO -2.2%) is seeing higher costs but Haywood Securities expects lower costs and...

|About: Eldorado Gold Corporation (EGO)|By:, SA News Editor

Eldorado Gold (EGO -2.2%) is seeing higher costs but Haywood Securities expects lower costs and higher margins as it works out issues at its mines and brings low-­cost operations online; with the addition of Eastern Dragon, Perama Hill and Skouries, EGO should achieve production of 1.5M oz. in 2015 at below $300/oz. EGO also announces the launch of an offering of up to $500M in senior notes.