Daily Archives: 01/08/2021

Eldorado Gold output up by 34% in 2020

Canada’s Eldorado Gold (TSX:ELD)(NYSE:EGO) managed to increase gold production in 2020 by 34% from 2019 to 528,874 ounces, despite covid-19 related measures that forced the company to halt its Lamaque mine, in Quebec.

The figure was in line with the miner’s guidance of between 520,000 and 550,000 ounces thanks mainly to Lamaque, which exceeded guidance. The Canadian mine yielded 138,220 ounces in the fourth quarter of 2020 alone, a 16% increase from the same period the previous year.