Quarterly ResultJul 30, 2026, 05:04 PM
Eldorado Gold Q2 Gold Production 104,616 oz; Updates 2026 Guidance
AI Summary
Eldorado Gold reported Q2 2026 financial and operational results, with gold production of 104,616 ounces and revenue of $487.5 million, up from Q2 2025 due to higher realized gold prices despite lower volumes. Net earnings attributable to shareholders were $172.8 million, or $0.69 per share. The company updated its 2026 consolidated gold production guidance to 495,000-600,000 ounces, reflecting initial production from McIlvenna Bay. Significant progress was made on growth projects, with Skouries 97% complete and McIlvenna Bay achieving first concentrate. George Burns will retire as CEO, succeeded by Christian Milau, and Dan Myerson was appointed Board Chair.
Key Highlights
- Updated 2026 consolidated gold production guidance to 495,000-600,000 ounces.
- Q2 2026 gold production was 104,616 ounces.
- Q2 2026 revenue increased to $487.5 million.
- Net earnings attributable to shareholders were $172.8 million ($0.69 EPS).
- Adjusted net earnings were $136.7 million ($0.54 per share).
- Skouries project 97% complete; first ore crushed in July.
- McIlvenna Bay achieved first copper concentrate in June, zinc in July.
- George Burns to retire as CEO; Christian Milau appointed CEO.
- Dan Myerson appointed Chair of the Board.
Price Impact
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