Reports Q1 revenue $258M, two estimates $294.54M. Gold production: 117,111 ounces in line with expectations for the quarter. Production increased 5% from Q1 2023, reflecting higher gold production at most sites, notably an increase in production of 12% at Lamaque and 14% at Olympias. “Across our global portfolio, our operations continued to perform in-line with our expectations during the first quarter, and generated free cash flow of $33.7 million excluding Skouries capital spend,” said George Burns, Eldorado Gold’s President and Chief Executive Officer. “Coming off a strong fourth quarter we anticipated lower production in the first quarter with winter conditions affecting the leach kinetics at Kisladag and ore grade variability across the portfolio. Consolidated gold production continues to be weighted to the second half of 2024,” added Burns.
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