Eldorado Gold Reports 2012 Operating Results; Sets 2013 Operating Guidance

Eldorado Gold Corporation (ELD.TO) said its 2012 mining operations performed largely in accordance with plan through the fourth quarter contributing 193,575 ounces to the total gold production including pre-commercial production from the Efemcukuru and Olympias mines.

The year-end 2012 production was 659,369 ounces of gold at a cash cost of $489. Our mid-year guidance was 660,000 ounces at $465 per ounce.

The company has also provided its 2013 operating guidance. In 2013, it will produce gold from 6 gold mines: iron ore from Vila Nova and lead, silver, and zinc concentrate from Stratoni. Its gold mines in total are planning to produce in the range of 705,000 to 760,000 ounces of gold with cash costs of approximately $515-530/oz.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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