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Eldorado Gold writes down assets, posts US$687.6-million loss in fourth quarter

VANCOUVER – Eldorado Gold Corp. (TSX:ELD) posted a US$687.6-million net loss for the fourth quarter, as it recognized lower values for its assets and felt the impact of reduced gold prices and output. The net loss amounted to 96 cents US per share, including the $684.6 million asset impairment item. Revenue during the three months ended Dec. 31 totalled $231.7 million, down from US$350 million in the fourth quarter of 2012.

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