Eldorado Gold Stock Price, News & Analysis

Eldorado Gold Corporation (NYSE:EGO) has received approval from the Toronto Stock Exchange to renew its Normal Course Issuer Bid (NCIB). The company can purchase up to 10,159,967 common shares, representing 5% of outstanding shares, through TSX, NYSE, and alternative trading systems from August 6, 2025, to July 31, 2026.

Under the previous NCIB, Eldorado purchased 3,198,353 shares at an average price of C$27.68. Daily purchases will be limited to 101,895 shares on TSX. Of the repurchased shares, up to 9,679,967 will be cancelled, while 480,000 will be held in trust for the company's restricted share unit plan.

The company believes this share buyback program is an appropriate use of funds given its strong balance sheet, progress on the Skouries Project, and ongoing cash generation in a high gold price environment.

Eldorado Gold (NYSE:EGO) reported strong Q2 2025 results with gold production of 133,769 ounces, exceeding expectations due to accelerated inventory drawdowns at Kisladag and higher grade processing at Lamaque. The company generated revenue of $451.7 million with an average realized gold price of $3,270 per ounce.

Net earnings reached $139.0 million ($0.68 per share), with adjusted net earnings of $90.1 million ($0.44 per share). The company maintains its 2025 production guidance of 460,000-500,000 ounces and expects to be around the mid-point.

The Skouries Project is 70% complete and remains on track for first copper-gold concentrate production in Q1 2026. The project's updated capital cost is $1.06 billion, with an additional $154 million in accelerated operational capital. The company has a strong cash position of $1,078.6 million as of June 30, 2025.

Eldorado Gold (NYSE:EGO) has announced details for its Q2 2025 Financial and Operational Results conference call. The company will release its results after market close on Thursday, July 31, 2025, followed by a conference call on Friday, August 1, 2025 at 11:30 AM ET.

The conference call will be accessible via webcast on Eldorado's website and through dial-in options. A replay will be available until September 12, 2025. Participants can pre-register for the call to receive calendar invitations and bypass the operator queue.

Eldorado Gold (EGO) announced the successful election of all director nominees at its 2025 Annual and Special Meeting of Shareholders. The board welcomed Hussein Barma, who brings over 25 years of mining sector experience, while bidding farewell to Catharine Farrow. All eight directors received strong shareholder support, with approval rates ranging from 98.90% to 99.84%. Board Chair Steven Reid highlighted the company's positive outlook, noting that the transformative Skouries copper-gold project is approaching first production within a year, alongside ongoing optimization efforts at existing operations and strengthening balance sheet. Shareholders also approved key resolutions including auditor appointment, compensation plans, and executive compensation advisory.

Eldorado Gold (EGO) has released its 2024 Sustainability Report, highlighting significant ESG achievements. The company achieved zero fatalities for the 7th consecutive year and reduced its total recordable injury rate by 30% to 3.24. Notable accomplishments include 50% women representation on the Board and 40% in senior management. The company maintained strong local engagement with 98% domestic employment and 82% local community employment, while investing $4.4 million in community development. Environmental initiatives included planting 118,000 indigenous plants and managing 288,000 tonnes of historical tailings. Both Kisladag and Efemcukuru operations in Turkiye received high scores in MAC-TSM verification, with Efemcukuru achieving AAA ratings in multiple categories including Tailings, Health & Safety, and Biodiversity Conservation Management.

Eldorado Gold (EGO) has received TSX approval to amend its normal course issuer bid (NCIB), increasing the maximum repurchase from 350,000 to 10,245,474 shares (5% of outstanding shares). The NCIB runs from November 8, 2024, to July 31, 2025. As of April 30, 2025, EGO has bought back 224,000 shares at an average price of $22.60. Daily repurchases will be limited to 83,123 shares. Of the repurchased shares, up to 9,895,474 will be cancelled, while 350,000 will be held in trust for the company's RSU plan. The company cites strong balance sheet, Skouries Project progress, and high gold prices as reasons for the expanded buyback program.

Eldorado Gold (EGO) reported strong Q1 2025 financial results with gold production of 115,893 ounces and sales of 116,263 ounces at an average realized price of $2,933 per ounce. Revenue reached $355.2 million, up 38% year-over-year, with net earnings of $72.0 million ($0.35 per share). The company's Skouries copper-gold project is 66% complete, with first production expected in Q1 2026. Total cash costs were $1,153 per ounce sold, while AISC was $1,559 per ounce. The company maintains its 2025 production guidance of 460,000-500,000 ounces. Cash position strengthened to $978.1 million, with free cash flow excluding Skouries at $75.5 million. Operations at Lamaque, Kisladag, and Efemcukuru performed as expected, while Olympias faced temporary maintenance challenges that have since been resolved.

Eldorado Gold (EGO) has announced its schedule for the First Quarter 2025 Financial and Operational Results release and conference call. The company will release its Q1 2025 results after market close on Thursday, May 1, 2025, followed by a conference call on Friday, May 2, 2025 at 11:30 AM ET (8:30 AM PT).

The conference call will be accessible via webcast on Eldorado Gold's website and through various dial-in options. Participants can pre-register for the call to receive calendar invitations with dial-in details and a unique PIN, allowing direct connection to the conference. The replay will be available until June 13, 2025.

Eldorado Gold has filed an amended Technical Report for its Lamaque Complex in Quebec, Canada, following a review by the British Columbia Securities Commission. The amended report, effective December 31, 2024, replaces the January 2025 Report and notably removes the preliminary economic assessment (PEA Case) that included inferred mineral resources from the Triangle and Ormaque deposits.

The amendment maintains the original prefeasibility study (Reserve Case) without changes to mineral resource estimates, reserve estimates, financial assumptions, or economic analysis. Minor modifications include updates to qualified persons' accountability, additional expert experience details, and revisions to the 'Reliance on Other Experts' and 'History' sections to comply with NI 43-101F1 requirements.