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Feb 19 (Reuters) - Canadian gold miner Eldorado Gold Corp reported a fourth quarter profit on Thursday, as higher production and sales outweighed a drop in gold price. The miner's net profit attributable to shareholders was $13.9 million, or 2 cents a share, in the quarter ended Dec. 31. That compared with a loss of $687.5 million, or 96 cents a share, in the year-ago period, when it posted a large impairment charge related to two projects in China. Revenue in the quarter rose to $259 million, as gold output climbed 18 percent to 199,572 ounces, from 168,842 ounces in the prior year. The realized gold price, meanwhile, fell to $1,199 an ounce, from $1,264 an ounce in the fourth quarter of 2013. The company said it continues to work on advancing its controversial new Skouries mine in Greece and is proceeding with plans to spend some $200 million on the project this year. The Vancouver-based company's stock tumbled to a six-year low after Greece's energy minister told Reuters last month that "we are absolutely against it and we will examine our next moves on it." The project has sparked protests from Greeks worried that the mine, in lush forests of northern Greece, will harm tourism. (Reporting by Susan Taylor in Toronto and Julie Gordon in Vancouver; Editing by Cynthia Osterman)
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Eldorado Gold Corporation
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PRODUCER |
CODE : ELD.TO |
ISIN : CA2849021035 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Eldorado Gold is a gold producing company based in Canada. Eldorado Gold produces gold, iron in Brazil, in China, in Mexico and in Turkey, develops gold and silver in China and in Greece, and holds various exploration projects in Brazil and in China. Its main assets in production are KISLADAG and EFEMÇUKURU in Turkey, LA TRINIDAD - ELDORADO in Mexico, TANJIANSHAN, JINFENG, JIANCHALING, WHITE MOUNTAIN and BEYINHAR in China and VILA NOVA in Brazil, its main assets in development are EASTERN DRAGON in China and PERAMA HILL in Greece and its main exploration properties are HEI-SHAN (SHANDONG) and ZHANGJIASHAN in China and TOCANTINZINHO in Brazil. Eldorado Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 14.8 billions as of today (US$ 10.8 billions, € 10.1 billions). Its stock quote reached its lowest recent point on August 03, 2001 at CA$ 0.21, and its highest recent level on April 19, 2024 at CA$ 20.68. Eldorado Gold has 716 820 032 shares outstanding. |