UPDATE: Mackie Research Reduces PT on Eldorado Gold Corp to $15

According to a research report this morning, Mackie Research reduces the PT on Eldorado Gold Corp.

form $15.50 to $15 due to weather and slow performance on Turkey's end. Mackie Research continued, “Efemcukuru recovered 18.3koz in concentrate, which was shipped to Kisladag for final treatment. Unseasonably cold weather had already resulted in slower operations from both underground mining and the processing plant due to freezing pipes and water storage issues. At the Kisladag concentrate treatment plant, a bottle neck was identified in the filter press system, resulting in the plant operating at 60% of design capacity.” Eldorado Gold closed yesterday at $12.82 as Mackie Research reiterates its Hold recommendation.