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Additional Information
Market: TSX NYSE
Sector: Gold Mining
EPIC: ELD
Latest Price: 11.31  (1.71% Ascending)
52-week High: 21.50
52-week Low: 10.38
Market Cap: 8,045.66M
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Eldorado Gold
www.eldoradogold.com

Eldorado Gold Corporation is a gold mining company actively growing businesses in Brazil, China, Turkey, Greece, and surrounding regions. Eldorado Gold is one of the lowest cost pure gold producers, and anticipates production of 700,000 ounces of gold per annum by 2013.

Full Eldorado Gold profile here
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Eldorado Gold ups 2010 production guidance

7th May 2010, 3:30 pm
Eldorado Gold ups 2010 production guidance

By Dorothy Kosich, Mineweb.com

The strong performance of Eldorado Gold's first-quarter 2010 gold production has prompted the company to expand its guidance of 550,000 to 600,000 ounces of gold to 575,000 to 625,000 ounces of gold in 2010.

"We had record quarterly production of 164,928 ounces of gold at a cash operating cost of $371 per ounce with strong performances from all mines, whilst setting consecutive quarterly production records at Kisladag," Eldorado CEO Paul N. Wright said Thursday.

Eldorado sold 57,459 ounces of gold during the first quarter of 2009. However, cash operating costs were reported at $296 per ounce.

"Our revenues increased by 249% over the comparable period in 2009. Net quarterly income increased by 304% to $52.8 million. Cash generated from operating activities increased by 290% to $80.8 million," he noted.

Eldorado's consolidated net income for the first-quarter 2010 was $52.8 million or 10-cents per share, up from $13.1 million or 4-cents per share for the first-quarter 2009.

The company has also budgeted a $35 million exploration program for this year that includes 125,000 meters of drilling.

Eldorado reported cash and cash equivalents of $283.1 million and working capital of $292.3 million, compared with $265.4 million of cash and cash equivalents and working capital of $266.9 million at the beginning of the year.

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