Eldorado Gold Corporation reported preliminary production results for the fourth quarter and full year 2016. For the quarter, the company reported gold production of 103,113 ounces.

For the year, the company reported Gold production of 485,994 ounces (including production from discontinued Chinese operations and tailings retreatment); slightly lower than the revised third quarter guidance of 495,000 ounces.

For the year 2017, the company expects gold production of 365,000 to 400,000 ounces, in addition to substantial by-product credits from Olympias Phase II production. All-in sustaining cash costs expected to remain low at $845 to 875 per ounce and cash operating costs expected to decline significantly, averaging $485-535 per ounce.

For the year 2017, the company expects capital expenditure of $425 million.