Eldorado Gold Reports First Quarter 2026 Financial and Operational Results

Eldorado Gold Corporation reported its financial and operational results for the first quarter of 2026. Gold production was 100,358 ounces, with sales of 100,619 ounces at an average realized price of $4,891 per ounce. Total cash costs were $1,470 per ounce, and all-in sustaining costs were $1,942 per ounce. The company maintained its 2026 production guidance of 490,000 to 590,000 ounces. Revenue for Q1 2026 was $532.4 million, with net cash generated from operating activities at $141.4 million. Cash and cash equivalents stood at $629.7 million as of March 31, 2026. Net earnings attributable to shareholders were $136.4 million, or $0.69 per basic share. Adjusted net earnings were $188.2 million, or $0.95 per share. Free cash flow was negative $129.1 million, but positive $62.9 million excluding Skouries capital expenditures. Key operational developments include the steady advancement of the Skouries project towards first concentrate production in Q3 2026, and the completion of the Foran Mining Corporation acquisition. The company also saw changes in its executive team, with George Burns set to retire as CEO in Q3 2026, succeeded by Christian Milau. A dividend program was initiated, with the first quarterly dividend paid in March 2026.