Eldorado Gold posts net loss in second quarter, maintains its FY2022 production guidance

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Eldorado Gold posts net loss in second quarter, maintains its FY2022 production guidance kitconews gold silver metals mining finance investing economics

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The company also reported net loss attributable to shareholders from continuing operations of $22.7 million in Q2 2022 compared to net earnings of $31.0 million in Q2 2021 and net loss of $339.5 million in the six months ended June 30, 2022 compared to net earnings of $45.4 million in the six months ended June 30, 2021.

The company said that adjusted net earnings were $13.8 million in Q2 2022 compared to $29.1 million in Q2 2021. Eldorado pointed out it is updating its 2022 guidance for consolidated cash operating costs to $700 to $750 per ounce sold, total cash costs to $790 to $840 per ounce sold and AISC to $1,180 to $1,280 per ounce sold.

 

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