Eldorado Gold Stock Earnings Reports

Eldorado Gold reported a solid start to 2026 with Q1 production of ~100.4 koz Au and revenue of ~$532M driven by higher realized gold prices. The company reiterated full-year guidance while noting production is back‑half weighted as two major growth projects ramp: McIlvenna Bay (MacBay) is nearing first concentrate and Skouries is ~94% complete with first concentrate expected in Q3. Skouries' total project capital was revised to $1.315B (≈+$155M), primarily to fund additional contractor labor for final electrical and instrumentation work, some materials/spares, gensets and FX impacts; accelerated pre-commercial mining capex is now ~$260M. MacBay integration is underway with a $17M incremental exploration allocation for 2026 focused on district targets; more operating/costs detail to be provided with Q2 results. Q1 results included higher production costs and royalty expense, lifting AISC; cash on hand was ~$630M. Management highlighted a capital allocation framework prioritizing high-return project investment, increased exploration, balance sheet strength (managing a $500M bond due 2029), a sustainable base dividend of $0.075/share per quarter, and opportunistic buybacks (>$80M repurchased in Q1). Key execution risk remains timing of grid power connection at Skouries, which will determine the exact startup timing (early vs mid‑Q3) but is not expected to materially change operating cost guidance once ramped. CEO George Burns reiterated his planned retirement later this year with a transition to President Christian Milau, and the company emphasized strengthened project and operational leadership and a project alliance with G Mining Services to support delivery.