Eldorado Gold Reports Q3 2026 Financial and Operational Results and Updates 2026 Guidance; Skouries and McIlvenna Bay Advancing Toward Commercial Production
Eldorado Gold reported Q3 2026 revenue of $511.9 million (up from $434.7 million) and net earnings of $118.0 million ($0.45 basic EPS), driven by a record average realized gold price of $4,326 per ounce. However, the company cut 2026 production guidance to 425,000-475,000 ounces from 495,000-600,000, raised AISC guidance to $1,975-$2,125 per ounce, and lifted Skouries project capital to approximately $1.425 billion, citing a slower-than-expected ramp-up at Skouries and lower output at Kisladag and Olympias.
Key figures
- Eps
- 0.45
- Revenue
- $511.9 million
- Guidance
- 2026 production cut to 425,000-475,000 oz (from 495,000-600,000 oz incl. Skouries/McIlvenna Bay); AISC revised to $1,975-$2,125/oz (from $1,670-$1,870); cash costs revised to $1,400-$1,500/oz (from $1,220-$1,420); Skouries project capital raised to ~$1.425 billion; McIlvenna Bay project capital raised to $975 million
- Revenue Yoy
- 18%
- Cash musd
- 396.8
- Capex musd
- 452.3
- Aisc per oz
- 2050
- Adjusted eps
- 0.49
- Gold sold oz
- 107164
- Net earnings musd
- 118
- Dividend per share
- 0.075
- Gold production oz
- 106351
- Adjusted ebitda musd
- 275.2
- Fcf excl projects musd
- 98.3
- Total cash cost per oz
- 1415
- Skouries project capital
- $1.425 billion
- Adjusted net earnings musd
- 127
- Realized gold price per oz
- 4326
- Mcilvenna bay project capital
- $975 million
AI analysis
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