Eldorado posts Q4 loss as sales slide, costs rise

Canadian multinational miner Eldorado Gold has reported a loss attributable to shareholders for the quarter ended December 31 of $32.5-million, or $0.05 a share, as lower sales volumes and higher unit costs, were partly offset by higher gold prices. In the comparable period a year earlier, the TSX- and NYSE-listed company booked a loss of $1.24-billion, or $1.73 a share, mainly owing to an impairment charge of $1.25-billion on its Greece-based Skouries project.