7:55am EDT Eldorado Gold Corporation announced that for fiscal 2011, the Company revised its gold production operating guidance to 650,000 ounces at an average cash cost of $400 per ounce.
Now I understand why the price is a bit lower. However, once the price of gold hits $1900 and higher, the lower production should be negated. We should have a good quarter and a better outlook moving forward.
Clyde