Eldorado Gold (TSX: ELD) produced 155,669 ounces of gold in the fourth quarter. The preliminary figure was released by the company this morning, with Eldorado stating that it produced 520,293 gold ounces on a full year basis.
Production in 2024 was weighted to the fourth quarter, with production improving 24% versus the 125,195 ounces produced in Q3 2024. The growth came from the firms Lamaque Complex and Kisladag mine, which both saw improvements over 2023 figures.
Eldorado meanwhile managed to achieve the midpoint of its 2024 revised guidance, which called for 505,000 to 530,000 ounces of gold production in 2024. Initial guidance released for 2024 called for production of 505,000 to 555,000 ounces.
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Full financial results for the fourth quarter and full year of 2024 are slated to be released on February 20, after the close of markets.
Eldorado Gold last traded at $21.46 on the TSX.
Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to these organizations. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
