What It Really Costs To Mine Gold: The Eldorado Gold Second Quarter Edition
- Eldorado Gold’s costs on both a core and a core non-tax basis have continued to fall significantly on a year-over year basis.
- While some of the reduction in costs per ounce is due to increased production, management has also shown it has worked hard to cut expenditures.
- Eldorado's low costs per ounce puts it at the top of all the mid-tier and major gold producers we've covered s far in the second quarter.
- Investors should monitor cash flows because even though costs were low expenditures made cash flows negative for the quarter due to CAPEX investments.