Embracing Expansion
Eldorado Gold’s CEO George Burns articulates that ramping up production is the definitive approach to augmenting shareholder value.
Eldorado Gold (TSX: ELD; NYSE: EGO) envisions a robust 45% expansion in its production capacity over the next quartet of years, targeting an output of 703,250 oz. of gold annually, as voiced by CEO George Burns.
Capping off a commendable operational display in 2023, the company achieved a noteworthy 7% upsurge in gold output year-over-year, minting 485,000 oz. of the precious metal at an all-in sustaining cost hovering around $1,200 per ounce. Progressing beyond the 70% milestone in the construction of Skouries mine in Greece, Burns conveys to The Northern Miner that magnifying production is the pivotal engine propelling shareholder value skyward.
