Quarterly ResultApr 30, 2026, 05:15 PM
EGO Q1 Results; Foran Mining Acquired; CEO Burns to Retire
AI Summary
Eldorado Gold reported its Q1 2026 financial and operational results, with gold production of 100,358 ounces and revenue of $532.4 million. Net earnings attributable to shareholders were $136.4 million, or $0.69 basic EPS. The company completed the acquisition of Foran Mining Corporation, adding the McIlvenna Bay asset to its portfolio. CEO George Burns announced his retirement in Q3 2026, with Christian Milau appointed as his successor. The Skouries project capital estimate was revised upwards by $155 million to $1.315 billion, while the company also declared a Q2 dividend of $0.075 per share.
Key Highlights
- Acquisition of Foran Mining Corporation completed on April 14, 2026.
- CEO George Burns to retire in Q3 2026; Christian Milau to succeed as CEO.
- Skouries project capital estimate revised to $1.315 billion, an increase of $155 million.
- Q1 2026 gold production: 100,358 ounces.
- Q1 2026 revenue: $532.4 million.
- Q1 2026 net earnings attributable to shareholders: $136.4 million ($0.69 basic EPS).
- Declared Q2 dividend of $0.075 per common share, payable June 16, 2026.
- Cash and cash equivalents: $629.7 million as of March 31, 2026.