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News   Natural Resources   Eldorado Gold (T.ELD) posts US$687.6 million...

Eldorado Gold (T.ELD) posts US$687.6 million loss despite record production

Canadian Press, The Canadian Press
0 Comments| February 21, 2014
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Eldorado Gold Corp. (TSX: T.ELD, Stock Forum) shares were unchanged at $8.12 as the miner posted a US$687.6-million quarterly net loss amid lower values for its assets and reduced gold prices and output.

Revenue was $231.7 million, down from US$350 million in the fourth quarter of 2012, the company said in a press release.

Eldorado reported record gold production of 721,201 ounces in 2013 at an average cash cost of $494 an ounce.

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GOLD
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