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Eldorado Gold plans 35% gold production increase

Kitco News

Eldorado Gold said today that 2019 gold production was 395,331 ounces of gold in 2019 compared to 349,147 ounces the year prior.

The company said 2019 was its highest total production in three years.

Cash operating costs were $608 per ounce of gold sold for 2019 and All-in Sustaining Costs (AISC) were $1,034 per ounce of gold sold, compared to $625 per ounce of gold sold and $994 per ounce of gold sold for 2018.

EBITDA for the year was $311.3 million ($361.8 million loss in 2018) and adjusted EBITDA for the year was $235.6 million ($99.6 million in 2018).

The company set 2020 outlook at 520,000 and 550,000 ounces of gold, a 35% increase from this year's 395,331 ounces.

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