Eldorado Gold’s Earnings Call: Mixed Sentiments and Strategic Progress
Eldorado Gold's earnings call revealed mixed sentiments, showcasing strong gold production of 115,190 ounces and $77 million in free cash flow, alongside challenges like increased cost guidance and operational issues at Olympias. The company successfully repurchased 3 million shares for $79 million and made progress on the Skouries project, now 73% complete. However, total cash costs were revised to $1,175-$1,250 per ounce due to high gold prices and operational hurdles. The lost time injury frequency rate increased, indicating a need for improved safety measures. Overall, the call highlighted operational strengths and strategic advancements amid ongoing challenges.
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