Eldorado Gold Posts Strong 2025 Results as Skouries Build Advances
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Eldorado Gold ( (TSE:ELD) ) just unveiled an update.
Eldorado Gold reported strong financial and operational performance for the fourth quarter and full year ended December 31, 2025, with annual gold production of 488,268 ounces at the high end of guidance and revenue of $1.82 billion. The company generated $742.5 million in net cash from operating activities and positive free cash flow excluding Skouries, while maintaining total cash costs at the low end of guidance and all-in sustaining costs within its tightened range.
Despite heavy capital spending of $978.9 million in 2025, including $475.2 million on its Skouries copper-gold project in Greece, Eldorado ended the year with $869.4 million in cash and a fully drawn €680.4 million Skouries term facility, underscoring a solid balance sheet. Management highlighted continued progress at Skouries toward first concentrate production expected in early Q3 2026 and commercial production in Q4 2026, reinforcing Greece, alongside Lamaque and the Turkish operations, as a key driver of the company’s next phase of growth and long-term value creation for shareholders.
The most recent analyst rating on (TSE:ELD) stock is a Hold with a C$48.00 price target. To see the full list of analyst forecasts on Eldorado Gold stock, see the TSE:ELD Stock Forecast page.
Spark’s Take on TSE:ELD Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELD is a Outperform.
The score is driven primarily by strong profitability and a healthy balance sheet, tempered by negative free cash flow. Technicals add caution due to near-term weakness versus the 20-day average and softer momentum. The latest earnings call is constructive on production, cash generation, buybacks, and Skouries progress, but higher cost guidance and persistent Olympias challenges meaningfully cap the upside. Valuation appears mid-range with no dividend support cited.
To see Spark’s full report on TSE:ELD stock, click here.
More about Eldorado Gold
Eldorado Gold Corporation is a Canada-based precious metals producer focused on gold mining, with core operations in Türkiye and Canada and a major growth pipeline in Greece. Its asset base includes the Lamaque Complex in Quebec, the Kisladag and Efemcukuru mines in Türkiye, and the Skouries, Olympias and Perama Hill projects in Greece, positioning the company as a mid-tier player with growing copper-gold exposure.
Average Trading Volume: 573,226
Technical Sentiment Signal: Buy
Current Market Cap: C$12.41B
Find detailed analytics on ELD stock on TipRanks’ Stock Analysis page.
