Eldorado Gold Posts Q2 Revenue Boost Amid Capital Intensive Transition

Eldorado Gold Corporation (NYSE:EGO) reported its second quarter 2026 earnings, showing revenue of $487 million, up from $452 million in the same period last year. The increase was due to higher realized gold prices offsetting lower sales volumes. Adjusted net earnings were $137 million, or $0.54 per share, compared to $90 million, or $0.44 per share, in the second quarter of 2025.

Gold production totaled 105,000 ounces, reflecting planned lower tonnes and grades at the Kisladag and Efem'ukuru operations. Gold sales reached 103,000 ounces, with an average price of $4,379 per ounce. All-in sustaining costs (AISC) were $1,926 per ounce sold, driven by higher production costs and lower gold ounces sold.

The company's free cash flow was negative $334 million due to planned capital investment in the Skouries and McIlvenna Bay growth projects. The Skouries project reached the commissioning phase for its crushing circuit in July, while the McIlvenna Bay project produced its first copper and zinc concentrates during the quarter.