Eldorado Gold Reports Q3 2026 Revenue Growth Amidst Production Guidance Downgrades
Eldorado Gold (EGO) reported a strong third quarter for 2026, with revenue rising 18% year-over-year to $511.9 million, driven primarily by higher realized gold prices. Net earnings more than doubled to $118 million ($0.45 per share) compared to the same period in 2025. Despite these top-line gains, the company faced rising All-in Sustaining Costs (AISC), which climbed to $2,050 per ounce from $1,679 in the prior year. The financial results were tempered by significant downward revisions to full-year 2026 production guidance for gold, copper, silver, and zinc. These adjustments stem from ramp-up delays and increased capital requirements at key growth projects, specifically Skouries and McIlvenna Bay. While liquidity remains robust at $672 million, the company reported negative consolidated free cash flow of $191 million due to heavy ongoing investments in these development projects.
Topics: Gold Production Guidance Downgrade Mining Costs Revenue Growth
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