Eldorado Gold(US:EGO) Globenewswireยท2025-05-01 21:00Operations - The company produced a total of 115,893 ounces of gold in Q1 2025, with an all-in sustaining cost (AISC) of $1,559 per ounce sold [4][23] - Gold sales reached 116,263 ounces at an average realized price of $2,933 per ounce, reflecting a 41% increase from the previous year [26][29] - Production at Olympias was affected by unplanned maintenance, but production has since recovered to expected levels in Q2 2025 [5][48] Financial Performance - Revenue for Q1 2025 was $355.2 million, a 38% increase from $258.0 million in Q1 2024 [23][26] - Net earnings attributable to shareholders from continuing operations were $72.0 million, or $0.35 per share, compared to $35.2 million, or $0.17 per share, in Q1 2024 [29][30] - Adjusted net earnings were $56.4 million, or $0.28 per share, with adjustments including a $73.5 million recovery on a deferred tax asset [30][29] Cost Analysis - Total cash costs averaged $1,153 per ounce sold in Q1 2025, up from $922 per ounce in Q1 2024, primarily due to higher royalty expenses and labor costs [28][27] - AISC increased to $1,559 per ounce sold from $1,262 in Q1 2024, reflecting higher total cash costs and sustaining capital expenditures [28][65] - Production costs rose to $148.3 million in Q1 2025 from $123.0 million in Q1 2024, driven by increased royalties and labor costs [27][31] Project Updates - At the Skouries project, construction progress reached 66% completion for Phase 2, with a total capital cost estimate of $1.06 billion [6][9] - First production of copper-gold concentrate is expected in Q1 2026, with projected gold production of 135,000 to 155,000 ounces and copper production of 45 to 60 million pounds in 2026 [7][8] - The company is maintaining its 2025 annual production guidance of 460,000 to 500,000 ounces of gold, with production weighted towards the second half of the year [4][6]