The gold miner reported a 119% increase in EPS growth and a 47% jump in revenue growth for a total return of 46% this year.
During the past four quarters Eldorado reported $489.8 million in revenue, net income of $142.2 million, and a share price that beats the S&P 500.

Fortune reporter Daniel Macht wrote, "With the price of gold on a multi-year tear to bubble-like heights, Canada-based Eldorado has been broadening its global reach, acquiring two new operating mines in China.

"The first North American gold company to operate in that country, Eldorado also targets locations in Turkey, Greece and Brazil for exploration and development and is planning a broader push in South America."

"Eldorado aims to keep the costs of mining, processing, transport, and selling around $375 an ounce," Fortune noted. "That low-cost strategy, coupled with soaring prices, has yielded three-year annualized earnings-per-share growth of 119%."

"In theory, gold could fall dramatically from its current heights around $1200, and Eldorado would remain profitable," Macht concluded.

Meanwhile, Eldorado announced Thursday that measured and indicated resources at its Kisladag Mine in Turkey have increased by 850,000 ounces to 11.12 million ounces. The updated figure is based on the drilling program performed to date during 2010.

Eoin Treacy's view Eldorado Gold is rapidly moving up the gold share rankings in terms of production and is one of a number of Tier 2 miners that continues to outperform larger cap peers. It continues to outperform in absolute as well compared to the Goldbugs Index and the wider market.

The share has plotted a consistent advance since bottoming in late 2008 with a succession of ranges one above another. The most recent has unwound the overbought condition relative to the 200-day MA and a sustained move below $15 would be required to question potential for a successful upward break. (Also see Comment of the Day on May 7th). http://www.fullermoney.com/x/default.html?id=1897&schtxt=eldorado gold

IAMGold has lost momentum over the last few months but continues to find support in the region of the 200-day MA and would need to sustain a move below $15 to question potential for continued higher to lateral ranging.

Randgold remains in a relatively consistent uptrend. It found support above the 200-day MA this week and a sustained move below $80 would be required to begin to question scope for further upside.

Centerra Gold broke out of its 9-month range this week to test the 2006-2008 highs. A sustained move below C$12 would be required to question potential for a further upside.

Alamos Gold also remains in a consistent uptrend and while the recent pullback was sharp it continues to hold the consistency of trading ranges one above another. This would need to break down to question the medium-term uptrend.