Outlook
- Eldorado Gold sees 2026 consolidated gold production of 495,000 to 600,000 ounces
- Company maintains 2026 guidance for operating mines at 430,000 to 490,000 ounces of gold
- McIlvenna Bay 2026 production expected: 5-10 mln lbs copper, 3,000-6,000 tonnes zinc, 5,000-10,000 oz gold
Analyst coverage
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
- The average consensus recommendation for the gold peer group is "buy"
- The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago
What drove the results
- Higher gold price - Revenue rose year over year due to a higher average realized gold price, partially offset by lower sales volumes
- Production cost increases - Production costs rose due to higher royalties in Turkiye and Greece, and increased labor, contractor and maintenance costs
- Planned lower output - Gold production and sales fell year over year due to planned lower tonnes and ore grades at Kisladag and Efemcukuru, partially offset by higher production at Lamaque
Quarterly results miss estimates
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