October 23, 2017 / 3:05 PM / 10 months ago

BUZZ-Eldorado Gold Corp: Lowers production guidance

** Canada-based gold miner’s shares down 15.6 pct at C$2.31; second-most actively traded stock on TSX

** Company’s U.S.-listed shares down 16 pct at near 3-month low of $1.82

** Co lowers 2017 gold recovery outlook for Kisladag mine in Turkey for the second time due to lower grade ores

** Cuts gold recovery forecast to 170,000-180,000 ounces from June expectation of 180,000-210,000 ounces

** Raises cash cost for mining to $500-$550/ounce from $450-$500

** Kisladag mine accounted for 60 pct of co’s Q2 gold output

** Up to Friday’s close, stock had fallen nearly 33 pct this year (Reporting by Karan Nagarkatti in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below