Eldorado Gold Stock Price, News & Analysis

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.

Eldorado Gold reported strong financial and operational results for Q4 and full-year 2024. Gold production reached 155,668 ounces in Q4 and 520,293 ounces for the full year, a 7% increase from 2023. Revenue increased 42% to $435.7M in Q4 and 31% to $1.32B for 2024.

The company achieved net earnings of $108.2M in Q4 and $300.9M for the full year. Cash and equivalents stood at $856.8M as of December 31, 2024. Total cash costs were $944 per ounce in Q4 and $940 per ounce for 2024, while AISC was $1,226 per ounce in Q4 and $1,285 per ounce for 2024.

At Skouries, the company updated its project schedule with first production expected in Q1 2026 and commercial production in mid-2026. The construction project capital cost increased by $143M to $1.06B. The project was 60% complete for Phase 2 of construction as of December 31, 2024.

Eldorado Gold has provided updates on its Skouries copper-gold project and 2025 guidance. Due to labor market constraints in Greece, first production at Skouries is now expected in Q1 2026, with commercial production in mid-2026. The project's capital cost estimate has increased by $143 million (15.5%) to approximately $1.06 billion.

The company's 2025 gold production guidance is set at 460,000-500,000 ounces, lower than previous outlook due to delayed Skouries production and challenges at Kisladag and Olympias. Total cash costs are expected between $980-$1,080 per ounce sold, with all-in sustaining costs of $1,370-$1,470 per ounce.

As of December 31, 2024, Skouries was 60% complete with $512 million spent and approximately $705 million remaining expenditures. The company maintains a strong financial position with $857 million in cash and total liquidity of $1.1 billion, further enhanced by the recent $155 million divestment of G Mining Ventures.