Eldorado profit up 29%, production ahead of plan

ASX- and TSX-listed Eldorado Gold on Thursday reported a 29% year-on-year increase in first-quarter profit to $67.9-million or $0.11 a share. Revenues from gold sales were up 24% to $49.6-million owing to higher gold prices and bullion sales of...

Eldorado further ties dividend to gold price

Canadian junior Eldorado Gold has followed Newmont Mining in further beefing up its gold price-linked dividend, with bigger payouts the higher the precious metal goes. Unlike Newmont, Vancouver-based Eldorado, which mines gold in China, Turkey,...

Eldorado hits production record in Q3

Toronto- and New York-quoted Eldorado Gold said on Wednesday third quarter output was 179 195 oz, and the company would produce a total 650 000 oz from its mines in 2011 – below its target of 700 000 oz to 725 000 oz. The company, which has...

Eldorado to lift Turkish mine's production 70% in $354m project

Vancouver-based Eldorado Gold is planning to lift production at its Kisladag mine in Turkey to 555 000 oz/y in 2015, after having completed a positive study of the expansion, it said on Friday. The operation is set to produce 280 000 oz next...

Eldorado starts production at Turkey gold mine

Eldorado Gold has begun feeding low-grade ore to the mill at its Efemcukuru project in Turkey, after receiving a trial operating permit earlier this month. All the necessary permits are in place to allow full mining and processing operations, the...

Eldorado Gold increases profit, but production falls

TSX-, NYSE- and ASX-listed gold miner Eldorado Gold boosted its first-quarter profit to $52,5-million, from $50,2-million a year earlier, as a higher gold price helped to offset its weaker production performance. The company, which operates in...

Eldorado targets 1,5Moz/y in 5 yrs from existing operations

Vancouver-based Eldorado Gold is targeting production of 1,5-million ounces a year within the next five years from its current assets, CEO Paul Wright said on Friday. Eldorado, which bought Australia's Sino Gold in 2009, produces gold from three...

Eldorado adds Chinese exploration prospect

Vancouver-based Eldorado Gold has bought a 4,06-km2 exploration licence in China's Jilin province, about 20 km south-east of the firm's White Mountain mine. The Xiaoshiren Central exploration licence is contiguous with two other larger licences,...

Goldcorp entered Andean bid intending to win – CEO

The CEOs of Canada's Goldcorp and Eldorado Gold were playing their cards close on Friday, after both companies disclosed they had made takeover offers for junior Andean Resources. Both Goldcorp and Eldorado want to get their hands on Andean's...

Goldcorp trumps Eldorado in contest for Andean Resources

Canada's Goldcorp has agreed to buy ASX- and TSX-listed Andean Resources, the firm said on Friday morning, trumping a bid from smaller rival Eldorado Gold, made public just hours earlier. Eldorado announced overnight it was taking its...

Eldorado earnings jump, announces dividend

Vancouver-based Eldorado Gold increased first quarter profit by 304%, it said on Thursday, and announced its first dividend. The gold-miner also said it has raised its production forecast for the year, and lowered its cost estimate.

Eldorado Gold posts $33,3m profit, plans Brazil iron-ore output

Vancouver-based Eldorado Gold, which bought Australian rival Sino Gold late last year, earned $33,3-million in the fourth quarter of 2009, compared with $28,2-million a year earlier. Eldorado currently produces gold from three mines in China and...