CAPITAL MARKETS

Record profit for Eldorado

ELDORADO Gold has posted a record profit of $US318.7 million ($A297.8 million) for 2011 and wrapped up its $C2.5 billion acquisition of European Goldfields.

Kristie Batten
Record profit for Eldorado

Gold production increased 4% to a record 658,652 ounces of gold, generating record revenue of $US1.04 billion. Cash operating costs were $405 per ounce, while the average realised gold price was $1581/oz....

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