Eldorado Gold reports 2022 production below guidance, says net loss widens year-over-year EldoradoGold
- Eldorado Gold announced yesterday that its full year production of 453,916 gold ounces in 2022 was 1% below the low end of guidance.
Eldorado added that all-in sustaining costs were $1,276 per ounce sold in 2022, meeting guidance for the year,"driven mainly by the company's disciplined deployment of sustaining capital." Eldorado explained that net loss in 2022 was primarily due to lower production and sales volumes, and higher operating costs, depreciation, mine standby costs and non-cash asset write-downs, adding that net earnings in Q4 2022 reflected higher sales volumes and an income tax recovery, compared to a significant income tax expense in Q4 2021.
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