Eldorado Gold (EGO) on Tuesday reported preliminary Q4 gold production of 155,669 ounces, compared with 143,166 ounces a year earlier.

The company said its preliminary full-year output rose 7% year over year to 520,293 ounces, above the midpoint of the tightened guidance range of 505,000 ounces to 530,000 ounces.

Eldorado also said a tight construction labor market in Greece has delayed its planned ramp-up of workers for its Skouries copper-gold mine development.

The company said it expects to issue a full project update next month, taking into account the impact of current challenges on project schedule and capital cost.