Eldorado Gold Achieves Higher-End of 2025 Production Guidance; Appoints Dr. Sally Eyre to the Board of Directors; Details 2026 Reporting Schedule and Provides Q4 2025 Conference Call Details
Rhea-AI Summary
Eldorado Gold (NYSE:EGO) reported preliminary 2025 gold production of 488,268 oz and Q4 2025 production of 123,418 oz. Key assets: Lamaque 187,208 oz (Q4 49,307 oz), Kisladag 168,701 oz (Q4 41,141 oz), Efemcukuru 72,482 oz (Q4 14,497 oz) and Olympias 59,877 oz (Q4 18,473 oz).
Lamaque delivered year‑over‑year strength and has produced ~1.12M oz since 2019. Olympias improved processing stability, raising Q4 output ~36% vs Q3. Efemcukuru met annual guidance for the 11th consecutive year despite Q4 grade sequencing. The company appointed Dr. Sally Eyre to the board (effective Jan 1, 2026) and will release full 2025 results and 2026 guidance on Feb 19, 2026 with a conference call on Feb 20, 2026.
Positive
- Full year 2025 production of 488,268 oz
- Lamaque produced 187,208 oz in 2025 and ~1.12M oz since 2019
- Olympias Q4 production increased ~36% versus Q3 2025
- Efemcukuru achieved annual guidance for the 11th consecutive year
Negative
- Efemcukuru Q4 production fell versus Q3 2025 due to planned mine sequencing
News Market Reaction – EGO
In the Jan 21 session, EGO gained 4.57%, reflecting a moderate positive market reaction. Argus tracked a peak move of +7.8% during that session. Our momentum scanner triggered 48 alerts that day, indicating elevated trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Dec 17 | Equity investment | Positive | -0.1% | Increased strategic stake in Amex Exploration via private share purchase. |
| Nov 26 | Reserve update | Positive | +5.7% | Reported 5% increase in Proven and Probable gold reserves to 12.5M oz. |
| Oct 30 | Earnings report | Positive | +1.7% | Solid Q3 2025 financials and Skouries advancing toward first concentrate. |
| Oct 07 | Conference logistics | Neutral | -2.6% | Announced schedule and access details for Q3 2025 results call. |
| Sep 09 | Recognition/awards | Positive | -0.5% | Named to 2025 TSX30 after 238% three‑year share price appreciation. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Operational and reserve updates have generally aligned with positive price reactions, while recognition/strategic stake news has sometimes seen muted or slightly negative follow-through.
Over the last few months, Eldorado reported Q3 2025 production of 115,190 oz with revenue of $434.7M and cash of $1,043.9M, alongside continued progress at Skouries. An updated reserve statement on Nov 26, 2025 lifted Proven and Probable reserves to 12.5M oz, up ~5% year-over-year. The company also achieved a 238% three‑year share price appreciation recognized in the 2025 TSX30. Today’s preliminary 2025 production and board appointment build on this operational and strategic trajectory.
AI-generated analysis. How Rhea-AI works. Not financial advice.
(All dollar figures are in US dollars, unless otherwise stated)
VANCOUVER, British Columbia, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX:ELD) (NYSE:EGO) (“Eldorado” or “the Company”) announces fourth quarter 2025 preliminary gold production of 123,418 ounces, and full year preliminary gold production of 488,268 ounces. Fourth quarter production was driven by strong results at the Lamaque Complex, while Olympias benefited from improved processing stability, bringing production back in line with expectations. In addition, Kisladag and Efemcukuru delivered solid production in line with expectations. Detailed production, by asset, is outlined in the table below.
2025 Preliminary Gold Production
| Gold Production (oz) | |||||
| Full Year 2025 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | |
| Lamaque Complex | 187,208 | 49,307 | 46,823 | 50,640 | 40,438 |
| Kisladag | 168,701 | 41,141 | 37,184 | 46,058 | 44,319 |
| Efemcukuru | 72,482 | 14,497 | 17,586 | 21,093 | 19,307 |
| Olympias | 59,877 | 18,473 | 13,597 | 15,978 | 11,829 |
| Total Gold Production (oz) | 488,268 | 123,418 | 115,190 | 133,769 | 115,893 |
Canada
Lamaque Complex
The Lamaque Complex delivered strong gold production both in the fourth quarter and for the year. Since commercial production was declared in 2019, a total of approximately 1.12 million ounces have been produced to the end of 2025. During the fourth quarter, production increased slightly over the third quarter driven by higher ore grade and mill throughput. Production during the year benefited from the higher grade Ormaque bulk sample, record mill throughput and continued operational excellence.
Turkiye
Kisladag
At Kisladag, fourth quarter gold production increased slightly over the third quarter, reflecting disciplined execution and solid operational delivery.
Efemcukuru
At Efemcukuru, fourth quarter gold production was lower compared to the third quarter as a result of lower grade due to planned mine sequencing. The mine delivered on its 11th consecutive year of achieving annual production guidance, demonstrating the site’s dedication to continuous improvement and performance.
Greece
Olympias
At Olympias, fourth quarter gold production increased approximately
Dr. Sally Eyre Appointed to the Board of Directors
Dr. Sally Eyre was appointed to the Board of Directors effective January 1, 2026. Dr. Eyre is a geologist and mining finance professional with over 30 years of experience in global resource capital markets and mining operations. Currently, she is an independent board member of Ero Copper Corporation. Dr. Eyre previously served as a non-executive director of Equinox Gold Corporation, Senior Independent Director of Centamin plc and a non-executive director of Adventus Mining Corporation. During 2011 to 2014, she served as President and Chief Executive Officer of Copper North Mining and, prior thereto, served as Senior Vice President, Operations at Endeavour Mining, responsible for exploration, development and production projects in West Africa. Dr. Eyre served as President and Chief Executive Officer of Etruscan Resources Inc. (now Endeavour Mining Corp.), a gold company with producing assets in West Africa. She served as Director of Business Development for Endeavour Financial Ltd. and has held executive positions with a number of Canadian resource companies.
Dr. Eyre has a Ph.D. in Economic Geology from the Royal School of Mines, Imperial College, London. Dr. Eyre is a member of the Society of Economic Geologists (SEG); a member of the Institute of Corporate Directors; and a former Director of the SEG Canada Foundation.
Her experience provides valuable technical insight and strategic perspective as Eldorado advances its transformational growth projects and long-term value creation strategy.
Q4 2025 & Full Year 2025 Financial and Operational Results Call Details
Eldorado will release its 2025 Year-End and Fourth Quarter Financial and Operational Results after the market closes on Thursday, February 19, 2026, and will host a conference call on Friday, February 20, 2026, at 11:30 AM ET (8:30 AM PT). The call will be webcast and can be accessed at Eldorado Gold’s website: www.eldoradogold.com, or via: https://event.choruscall.com/mediaframe/webcast.html?webcastid=HLGSU5AR
| Conference Call Details | Replay (available until April 3, 2026) | ||
| Date: | February 20, 2026 | Vancouver: | +1 412 317 0088 |
| Time: | 11:30 AM ET (8:30 AM PT) | Toll Free: | 1 855 669 9658 |
| Dial in: | +1 647 846 2782 | Access code: | 5447764 |
| Toll free: | 1 833 752 3325 | ||
Participants may elect to pre-register for the conference call via this link: https://dpregister.com/sreg/10205013/100877522c1. Upon registration, participants will receive a calendar invitation by email with dial in details and a unique PIN. This will allow participants to bypass the operator queue and connect directly to the conference. Registration will remain open until the end of the conference call.
Additionally, the Company plans to release guidance for 2026 and an updated three-year outlook, in conjunction with its 2025 full-year results on Thursday, February 19, 2026.
2026 Reporting Schedule
The Company intends to report, and host conference calls led by senior management, as set out in the table below. The Company reserves the right to amend the schedule in its discretion and will inform the market of any changes.
| Event | Result Date | Conference Call Date |
| Fourth Quarter and Full Year 2025 | February 19, 2026 | February 20, 2026 |
| First Quarter 2026 | April 30, 2026 | May 1, 2026 |
| Second Quarter 2026 | July 30, 2026 | July 31, 2026 |
| Third Quarter 2026 | October 29, 2026 | October 30, 2026 |
About Eldorado
Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Türkiye and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Contact
Investor Relations
Lynette Gould, VP, Investor Relations, Communications & External Affairs
647 271 2827 or 1 888 353 8166
lynette.gould@eldoradogold.com
Media
Chad Pederson, Director, Communications and Public Affairs
236 885 6251 or 1 888 353 8166
chad.pederson@eldoradogold.com
Qualified Person
Except as otherwise noted, Simon Hille, FAusIMM, Executive Vice President, Technical Services and Operations, is the Qualified Person under NI 43-101 responsible for preparing and supervising the preparation of the scientific or technical information contained in this news release and verifying the technical data disclosed in this document relating to our operating mines and development projects.
Jessy Thelland, géo (OGQ No. 758), a member in good standing of the Ordre des Géologues du Québec, is the qualified person as defined in NI 43-101 responsible for, and has verified and approved, the scientific and technical data contained in this news release for the Lamaque Complex.
Data verification was completed through a site by site internal control process which confirmed ounces produced to internal reporting systems.
