{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
  • Live
Markets
As of: {{timeStamp.date}}
{{timeStamp.time}}

Markets

{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
  • Live
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}

Commodities Videos

VIDEO SIGN OUT

{{ currentStream.Name }}

{{ currentStream.Desc }}

Related Video

Continuous Play:
ON OFF

The information you requested is not available at this time, please check back again soon.

Oct 23, 2017

Eldorado shares tumble as it cuts production guidance at Turkey mine

President and CEO of Canadian Eldorado Gold Corporation Burns addresses journalists during a news conference in Athens

Security Not Found

The stock symbol {{StockChart.Ric}} does not exist

See Full Stock Page »

TORONTO -- Shares in Eldorado Gold Corp. fell more than 10 per cent in late-morning trading after the gold miner cut its guidance for gold production from its Kisladag mine in Turkey.

The stock was down 49 cents or about 18 per cent at $2.24 on the Toronto Stock Exchange.

The company says gold recovery from the leach pad at the operation has lagged internal expectations.

Eldorado says it now expects production from Kisladag this year to be 170,000 to 180,000 ounces at cash costs of $500 to $550 per ounce. It also placed its guidance for 2018 and beyond under review.

The revised guidance was down from an estimate of 180,000 to 210,000 ounces in June and the company's original 2017 guidance for 230,000 to 245,000 ounces.

Eldorado, which has operations in Turkey, Greece, Canada, Romania, Serbia and Brazil, calls Kisladag its flagship gold mine.