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Tuesday, 05/22/2018 6:16:30 AM

Tuesday, May 22, 2018 6:16:30 AM

Post# of 1067

2018 Outlook and First Quarter Results

In 2018, Eldorado expects to produce 290,000-330,000 ounces of gold, including pre-commercial ounces from Lamaque. Cash operating costs are forecasted to be $580-630 per ounce.

"We are now in the delivery phase of our new business plan. By focusing on the disciplined build of Lamaque and the Kisladag Mill while maintaining a strong base of operations at Efemcukuru and Olympias Phase II, I am confident we will re-establish annual low cost production of 600,000 ounces by 2021. Skouries remains a compelling project, providing additional long-term growth, but requires collaborative government dialogue and a clear line of sight to cash flow in order for us to allocate further capital for development. We remain focused on driving forward our industry-leading growth projects under a disciplined capital allocation framework to create long-term value for all stakeholders."

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