Eldorado Gold $EGO stock did a downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... breakout in the intermediate time frame on March 1, 2023.
There’s nothing we see driving price action beyond the company’s February 23, 2023, quarterly report where they beat on both EPS and revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th.... Eldorado Gold reported Q4 adjusted EPS of 14c versus the consensus estimate of 6c. The company reported Q4 revenue of $246.2M versus the consensus estimate of $244.33M. The company reported Q4 gold production at 128,453 ounces.
“In 2022, Eldorado continued to execute on our multi-year strategy in Greece,” said CEO George Burns. “Late in the year, we were pleased to announce the EUR680M project financing facility for Skouries, and conditional Board approval for the full re-start of construction at Skouries…Operationally, following a challenging start to the year due to severe weather impacts and COVID, our sites worked diligently to catch up and ultimately improved quarter over quarter. Across our four operating mines, we produced almost 454K ounces of gold, slightly below the low end of our guidance range, with Q4 production increasing more than 35% over Q1. From a cost perspective, global macroeconomic influences impacted costs and supply chains industry wide. Coupled with lower-than-expected production, our cost per ounce finished the year outside of our revised guidance range…As we look forward to 2023, and beyond, we are excited to deliver on our growth portfolio with production increasing year after year, and reaching 700K gold ounces by 2027…”