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Eldorado books $1.5bn impairment while headline profit slides

Canadian gold producer Eldorado Gold has reorted a 90% slide in its adjusted profit for 2015 gross profits from gold mining operations suffered lower output, higher unit costs and lower realised gold prices.
Excluding special items, the Vancouver-based company reported adjusted net earnings for the year of $13.2-million, or $0.02 a share, compared with $138.7-million, or $0.19 a share for 2014. Analysts expected full-year earnings of $0.05 a share.