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.
For further insights into TSE:ELD stock, check out TipRanks’ Stock Analysis page.
