Canada's Eldorado Gold Q3 adjusted EPS misses estimates
EGO•Eldorado Gold reported Q3 adjusted EPS of $0.49, below the $0.81 consensus, and revenue of $511.9 million, below the $674.47 million estimate. It cut its 2026 gold production outlook to 425,000-475,000 ounces from 495,000-600,000 ounces and raised cost guidance.
1. Quarterly results
Eldorado Gold reported Q3 net income of $118 million and capital expenditures of $452.3 million. Revenue was $511.9 million versus a $674.47 million estimate, while adjusted EPS of $0.49 missed the $0.81 consensus.
2. 2026 guidance cut
The company lowered its 2026 gold production outlook to 425,000-475,000 ounces from 495,000-600,000 ounces. It raised cash cost guidance to $1,400-$1,500 per ounce and all-in sustaining costs to $1,975-$2,125 per ounce, citing a slower-than-expected ramp-up at Skouries. Lower grades and delayed access to higher-grade material at Kisladag, and expansion timing at Olympias, also reduced Q3 output.
