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Company News

BUZZ-Eldorado Gold: Down on muted forecast, suspension of dividend

** U.S.-listed shares of Canadian gold miner down nearly 8 pct premarket after raft of weak financial numbers

** EGO warns gold production could fall by about 1 pct in 2018 compared with last year’s, while costs per ounce will likely rise

** Co ends 2017 with a loss of $21.4 mln as it produced lower amount of gold at higher prices

** EGO also suspends dividend from current quarter to conserve cash

** Eldorado’s shares have dropped more than 25 pct on both the Toronto and New York stock exchanges so far this year

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