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Eldorado Gold Delivers Strong 2024 Full Year and Fourth Quarter Financial and Operational Results; Positive Free Cash Flow Realized in the Quarter and Full Year
(All amounts expressed in U.S. dollars unless otherwise noted) VANCOUVER, British Columbia, F...
About this update from Eldorado Gold Corporation
[{"type":"text","content":"Eldorado Gold Delivers Strong 2024 Full Year and Fourth Quarter Financial and Operational Results; Positive Free Cash Flow Realized in the Quarter and Full Year\n\n\n\n (All amounts expressed in U.S. dollars unless otherwise noted)\n \n\n VANCOUVER, British Columbia, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the \"Company”) today reports the Company’s financial and operational results for the fourth quarter and year ended December 31, 2024. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) filed on SEDAR+ at www.sedarplus.com under the Company’s profile.\n \n\n\n Q4\n \n\n 2024\n \n\n and Full-Year Summary\n \n\n\n\n Operat\n \n\n ions\n \n\n\n\n\n G\n \n\n old production:\n \n 155,668 ounces in Q4 2024 reflecting continued improvements across the portfolio. Full-year 2024 production of 520,293 ounces was above the midpoint of the tightened guidance range and an increase of 7% over 2023 production of 485,139 ounces, driven by operational upgrades at Kisladag and higher mining rates and ore throughput at Lamaque.\n \n\n\n Gold sales:\n \n 156,864 ounces in Q4 2024 at an average realized gold price per ounce sold\n \n (1)\n \n of $2,625, resulting in 517,926 ounces sold in 2024 at an average realized gold price per ounce sold of $2,405.\n \n\n\n Production costs:\n \n $172.1 million in Q4 2024, and $564.2 million in 2024, compared to $137.6 million in Q4 2023, and $478.9 million in 2023. The increases are primarily due to higher volumes of production and sales, higher labour costs, and increased royalties (due to higher gold sales and average realized gold price).\n \n\n\n Total cash costs\n \n\n (\n \n\n 1\n \n\n )\n \n : $944 per ounce sold in Q4 2024 and $940 per ounce sold in 2024, within the tightened guidance range, and an increase from $830 per ounce sold in Q4 2023 and $850 per ounce sold in 2023. The increase in both periods was primarily due to higher royalties (driven by higher gold prices) and labour costs.\n \n\n\n All-in sustaining costs\n \n\n (1)\n \n\n (\"AISC\"):\n \n $1,226 per ounce sold in Q4 2024 and $1,285 per ounce sold in 2024, within the tightened guidance range for the year, and marginally higher than $1,207 per ounce s...