Eldorado Gold: Cost below $300.

Eldorado Gold (ELD.TO) CEO Paul Wright, in a presentation via webcast from the Denver Gold Forum, expects costs during the third quarter to come in below estimates and plans to be selective in future asset acquisitions.

"In terms of what you see us buying or developing, the simple guideline will be: Does it allow us to remain in the lower quartile of production costs," he said. "If it doesn't, frankly, you won't see us acquiring it and you won't see us developing it."

The company has forecast production of 330,000 ounces this year at cash costs per ounce of $300, and Wright said the company is on pace to beat that in the third quarter.

"We would expect to see operating costs perhaps improved (on) $300 an ounce," he said.