May 3 (Reuters) - Canadian miner Eldorado Gold’s first-quarter profit rose 29 percent, helped by higher gold prices.
Gold price rose 22 percent from the year-ago period, to average $1,690 per ounce during the first quarter.
Net income rose to $67.9 million, or 11 cents per share, from $52.5 million, or 10 cents per share, a year ago.
Production for the quarter rose 5 percent to 155,535 ounces of gold.
Gold revenue rose 24 percent to $271.55 million.
Shares of the company closed at C$12.96 on Thursday on the Toronto Stock Exchange.