Eldorado Gold (ELD.TO EGO) was last seen up 3.6% in after-hours New York trading as it reported improved first-quarter earnings on higher revenue.

The company said its adjusted profit, excluding most one-time items, rose to US$56.4 million net earnings, or US$0.28 per share, in the period. up from US$55.2 million, or US$0.27, a year earlier. The company said adjustments of non-recurring items include among other things a US$73.5 million recovery on recognition of a deferred tax asset, a US$63.4 million unrealized loss on derivative instruments, and a US$6.5 million gain on sale of mining licenses.

Revenue came in at US$355.2 million, up from US$258 million.

Eldorado's gold production of 115,893 ounces from its Lamaque, Kisladag and Efemcukuru mines was in line with expectations. It said production at Olympias was impacted by unplanned maintenance related to pyrite concentrate filtration and issues affecting the flotation circuit stability, which limited plant throughput and recoveries.

The company is maintaining its 2025 production guidance of 460,000 to 500,000 ounces of gold. Production continues to be weighted to the second half of the year. Total cash costs for the full year are expected to be between US$980 to US$1,080 per ounce sold and an average all-in sustaining costs of US$1,370 to US$1,470 per ounce sold.

The company's shares were last seen up US$0.67 to US$19.29 after hours. They closed down $0.15 to $25.79 on the Toronto Stock Exchange