Eldorado Gold (EGO) Posts Q4 GAAP Loss of $1.79/Share

Eldorado Gold (NYSE: EGO) reported Q4 EPS of ($1.79), which may not compare with the analyst estimate of $0.00. Revenue for the quarter came in at $199.3 million versus the consensus estimate of $198.97 million.

2016 Financial Outlook

The Company's balance sheet remains one of the strongest amongst its peers, with approximately $290 million in cash, cash equivalents and term deposits and $375 million in undrawn credit lines. Sustaining capital for gold mining operations in 2016 is estimated to be approximately $105 million. Planned expenditures for new mining development is approximately $190 million at the Olympias Phase II and Eastern Dragon. Exploration expenditures in 2016 are expected to be $25 million (65% expensed and 35% capitalized), with a balanced focus on resource delineation and brownfield drilling at existing operations, testing known structures, and project generation.

For earnings history and earnings-related data on Eldorado Gold (EGO) click here.

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