Eldorado Gold (TSE:ELD) has released an update.
Eldorado Gold has kicked off 2024 with a solid first quarter, reporting a 5% increase in gold production and a 6% rise in sales compared to the same period last year, driven by notable gains at Lamaque and Olympias sites. The company saw a 13% revenue boost, but also faced higher production costs and all-in sustaining costs due to increased labour and fuel expenses. Despite these challenges, Eldorado maintains its 2024 production guidance, with expectations for lower costs in the latter half of the year.
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