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Eldorado Gold Corporation

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Eldorado Gold Corporation • NYSE
$31.31 ▲ 2.05% (+0.63)
Market Cap $6.40 B
52w High $31.43
52w Low $13.29
Dividend Yield 0%
P/E 17.2
Volume 837.29K
Outstanding Shares 204.26M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $429.908M ▼ $15.617M ▼ $55.406M ▼ 12.888% ▼ $0.27 ▼ $180.31M ▼
Q2-2025 $451.724M ▲ $47.7M ▲ $138.009M ▲ 30.552% ▲ $0.67 ▲ $239.306M ▲
Q1-2025 $355.245M ▼ $32.536M ▼ $72.402M ▼ 20.381% ▼ $0.35 ▼ $115.119M ▼
Q4-2024 $435.715M ▲ $91.267M ▲ $105.065M ▲ 24.113% ▼ $0.52 ▲ $236.983M ▲
Q3-2024 $331.758M $87.374M $94.971M 28.627% $0.47 $167.434M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.043B ▼ $6.479B ▲ $2.393B ▲ $4.097B ▼
Q2-2025 $1.081B ▲ $6.318B ▲ $2.222B ▲ $4.106B ▲
Q1-2025 $978.142M ▼ $5.952B ▲ $1.967B ▲ $3.992B ▲
Q4-2024 $995.729M ▲ $5.836B ▲ $1.947B ▲ $3.897B ▲
Q3-2024 $677.76M $5.556B $1.8B $3.766B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $55.913M ▼ $130.773M ▼ $-182.588M ▲ $14.908M ▼ $-38.055M ▼ $-111.388M ▼
Q2-2025 $141.289M ▲ $151.466M ▲ $-225.073M ▼ $153.309M ▲ $102.783M ▼ $-47.112M ▼
Q1-2025 $74.866M ▼ $138.029M ▼ $-4.554M ▲ $-11.939M ▼ $121.345M ▼ $-26.082M ▼
Q4-2024 $105.164M ▲ $245.769M ▲ $-161.583M ▲ $88.318M ▼ $180.767M ▲ $74.779M ▲
Q3-2024 $101.926M $173.56M $-184.982M $93.224M $80.556M $3.512M

Five-Year Company Overview

Income Statement

Income Statement Eldorado’s income statement has moved from a bumpy recovery phase into a much stronger position. Sales have grown solidly over the past few years, with a big step up most recently. Profitability has improved even more than revenue: costs are better controlled, margins have widened, and operating profit is now clearly positive after a weak stretch in the middle of the period. The company went through two years of losses but has returned to consistent profits, with the latest year showing a clear reset to a healthier earnings level. Overall, the trend is one of a mid‑tier miner that has worked through past issues and is now converting higher output and better grades into meaningfully stronger earnings, though results will remain exposed to gold and copper prices.

Balance Sheet

Balance Sheet The balance sheet looks notably stronger than it did a few years ago. Total assets have grown, with cash balances building up over time, which gives Eldorado more flexibility to fund projects and manage volatility. Debt has increased but at a measured pace, and equity has also grown, suggesting that the business has been adding value overall rather than simply levering up. The capital structure appears reasonably balanced for a project‑driven miner: not debt‑free or riskless, but not stretched. Key risks sit in the nature of the assets themselves—large, long‑life projects in complex jurisdictions—rather than in obvious balance‑sheet strain.

Cash Flow

Cash Flow Cash generation from operations has been steady and improving, which is a good sign of underlying health. Free cash flow, however, has been thin and volatile because Eldorado has been spending heavily on new and expanding mines. In simple terms, the business is earning cash from its existing operations and reinvesting much of it into growth projects, especially in Greece and Canada. This is typical for a development phase: near‑term cash is tight while construction is underway, and the payoff depends on projects being delivered on time and on budget. If execution slips or metal prices weaken, that investment‑heavy profile could become a pressure point.

Competitive Edge

Competitive Edge Eldorado’s competitive position rests more on “where and how” it operates than on being the lowest‑cost producer across the board. It specializes in technically and politically challenging regions and has built credibility with regulators and communities there, which many rivals avoid. Its strong focus on environmental and social practices—such as safer tailings management and transparent monitoring—has become a real differentiator as governments tighten standards. The project pipeline, led by the Skouries gold‑copper project and additional ore at Lamaque, gives it clear internal growth options rather than relying on acquisitions. The flip side is heightened exposure to permitting risk, local opposition, and country‑specific politics, especially in Greece and Türkiye, which can quickly affect timelines and costs.

Innovation and R&D

Innovation and R&D Innovation at Eldorado is practical and operations‑focused rather than lab‑based. The company is early in using dry‑stack tailings, advanced environmental monitoring, and automation in its mines, which can lower risk, improve safety, and increase efficiency over time. The shift toward battery‑electric equipment underground supports both lower emissions and potentially lower operating costs. Eldorado is also leaning on digital tools and focused exploration around existing mines to extend their lives. These efforts don’t guarantee success, but they support a story of steadily improving operations and sustainability practices, with the main watchpoint being how well these ideas are executed and scaled, particularly at Skouries.

Summary

Overall, Eldorado Gold looks like a mid‑tier miner that has transitioned from a clean‑up and investment phase into early stages of a growth phase. Profitability has recovered strongly, the balance sheet is healthier, and operations are generating solid cash even as the company spends heavily on new projects. Its edge comes from a combination of ESG‑driven practices, comfort in complex jurisdictions, and a visible pipeline that adds copper exposure alongside gold. The main opportunities lie in successfully bringing Skouries and other projects online and extending existing mine lives. The main risks are execution missteps, permitting or political setbacks in key countries, and the usual sensitivity to changes in gold and copper prices. How well Eldorado delivers its growth projects while maintaining its social license and cost discipline will largely shape its medium‑term outcome.

NEWS

November 26, 2025 · 7:00 AM UTC

Eldorado Gold Releases Updated Mineral Reserve and Mineral Resource Statement; Offsetting Depletion and Increasing Mineral Reserves at Key Operations

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October 30, 2025 · 5:00 PM UTC

Eldorado Gold Reports Solid Q3 2025 Financial and Operational Results; Skouries On Track for Q1 2026

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October 14, 2025 · 9:00 AM UTC

iHeartMedia Unveils Lineup for the 2026 iHeartRadio ALTer EGO Presented by Capital One, Celebrating the Best in Alternative Rock

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October 7, 2025 · 7:00 AM UTC

Eldorado Gold Provides Q3 2025 Conference Call Details

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September 9, 2025 · 1:30 PM UTC

Eldorado Gold Achieves 2025 TSX30 Ranking for Top Performance

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