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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (40879)	7/31/2009 6:09:06 PM
From: LoneClone	Read Replies (1) \| Respond to of 193891

Eldorado profit beats market estimates Fri Jul 31, 8:06 AM ca.news.finance.yahoo.com (Reuters) - Eldorado Gold Corp reported a second-quarter profit that beat market estimates, helped by higher production, and reiterated its production outlook for the full year. Eldorado reported a net income of $25.9 million, or 7 cents a share, compared with $25.2 million, or 7 cents a share, a year ago. Revenue was reported at $80.54 million, down from $82.53 million in the second quarter of 2008. Analysts on average were expecting earnings of 6 cents a share on revenue of $78.5 million, according to Reuters Estimates. The company confirmed its total production target of about 330,000 ounces for the full year. Eldorado, which recently bought a 20 percent stake in Sino Gold Mining Ltd from Gold Fields , said cash flow from operations fell about 7 percent to $36.7 million. Shares of the Vancouver based-company closed at C$10.23 Thursday on the Toronto Stock Exchange. (Reporting by Amit Kumar in Bangalore; Editing by Ratul Ray Chaudhuri)