Quarterly ResultJul 30, 2026, 05:21 PM
Eldorado Gold Q2 Net Earnings $172.8M, Revenue $487.5M; Foran Acquired
AI Summary
Eldorado Gold reported strong financial results for Q2 and the first six months of 2026, with significant increases in net earnings and metal sales revenue year-over-year. The company completed the acquisition of Foran Mining Corporation on April 14, 2026, a strategic move that added the McIlvenna Bay Project. While cash and cash equivalents decreased, total debt increased, reflecting investments in growth and project financing, including a drawdown from the Skouries Project's Contingent Overrun Facility.
Key Highlights
- Acquisition of Foran Mining Corporation completed April 14, 2026, for $2.39 billion.
- Q2 2026 net earnings attributable to shareholders rose to $172.8 million from $138.0 million YoY.
- Q2 2026 metal sales revenue increased to $487.5 million from $451.7 million YoY.
- Six-month 2026 net earnings grew to $309.2 million from $210.4 million YoY.
- Six-month 2026 metal sales revenue reached $1.02 billion from $807.0 million YoY.
- Cash and cash equivalents decreased to $554.6 million from $869.4 million at Dec 31, 2025.
- Total debt increased to $1.75 billion from $1.28 billion at Dec 31, 2025.
- Skouries Project financing drew €60.0 million ($68.4 million) from Contingent Overrun Facility.
Price Impact
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