Eldorado Gold reports Q4 adjusted EPS 14c, consensus 6c

Reports Q4 revenue $246.2M, consensus $244.33M. Reports Q4 gold production 128,453 ounces. "In 2022, Eldorado continued to execute on our multi-year strategy in Greece," said CEO George Burns. "Late in the year, we were pleased to announce the EUR680M project financing facility for Skouries, and conditional Board approval for the full re-start of construction at Skouries…Operationally, following a challenging start to the year due to severe weather impacts and COVID, our sites worked diligently to catch up and ultimately improved quarter over quarter. Across our four operating mines, we produced almost 454K ounces of gold, slightly below the low end of our guidance range, with Q4 production increasing more than 35% over Q1. From a cost perspective, global macroeconomic influences impacted costs and supply chains industry wide. Coupled with lower-than-expected production, our cost per ounce finished the year outside of our revised guidance range…As we look forward to 2023, and beyond, we are excited to deliver on our growth portfolio with production increasing year after year, and reaching 700K gold ounces by 2027…"