Extract from ELD latest report out today. Ike

News Release Issued: Apr 30, 2015 (5:05pm EDT)

Eldorado Reports 2015 First Quarter Financial and Operational Results

Gold production of 189,414 ounces, All-In Sustaining Costs of $729 per ounce

TSX: ELD NYSE: EGO

VANCOUVER, April 30, 2015 /CNW/ - Eldorado Gold Corporation, ("Eldorado" or "the Company") is pleased to announce the Company's financial and operational results for the first quarter 2015. Eldorado reported gold production of 189,414 ounces (Q1 2014: 196,523 oz) at an average cash cost of $521 per ounce (Q1 2014: $519/oz). Adjusted net earnings for the first quarter were $19.5 million ($0.03 per share) compared to $37.3 million ($0.05 per share) in the first quarter 2014.

"The solid first quarter production and continued low all-in sustaining cash costs of $729 per ounce, contributes to the Company remaining in a strong position to meet our annual production guidance of 640,000-700,000 ounces of gold at an all-in sustaining cash cost between $960-995 per ounce," said Paul Wright, Chief Executive Officer of Eldorado Gold. "We continue to gain further support for our investments in Greece while making progress at all of the operations in the Halkidiki region. With approximately $870 million in total liquidity at quarter-end, our balance sheet remains one of the strongest in the industry, allowing us to continue to internally fund our robust growth pipeline."

First Quarter Financial and Operational Highlights

• Gold production of 189,414 ounces (including production from tailings retreatment at Olympias).

• Adjusted net earnings of $19.5 million ($0.03 per share). Loss attributable to shareholders of the Company was $8.2 million ($0.01 per share).

• Gold revenues of $224.0 million on sales of 181,820 ounces of gold at an average realized gold price of $1,232 per ounce.

• Liquidity of $869.3 million, including $494.3 million in cash, cash equivalents and term deposits, and $375.0 million in unused lines of credit.

• All-in sustaining cash costs averaged $729 per ounce; cash operating costs averaged $521 per ounce.

• Continued developments at Skouries: piling and earthworks in the main process area, and open pit stripping.

• Certej Feasibility Study results expected during the second quarter of 2015.

• 8,500 metres of exploration drilling completed at the operations and exploration projects.