Eldorado Gold Sets 2026 Guidance, Confirms Skouries Delay but Targets 40% Output Growth by 2027
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Eldorado Gold ( (TSE:ELD) ) has issued an update.
Eldorado Gold on February 19, 2026 issued its 2026 production and cost guidance and a three‑year outlook, forecasting total 2026 gold output of 490,000 to 590,000 ounces, about an 11% increase over 2025, plus 20 to 40 million pounds of copper from Skouries. First concentrate from Skouries is now expected in early Q3 2026, about one quarter later than previously planned, with commercial production targeted for Q4 and total 2026 gold production weighted to the second half as Skouries and Olympias ramp up and Kisladag’s grade profile improves.
The company outlined consolidated 2026 total cash costs of $1,220 to $1,420 per ounce and AISC of $1,670 to $1,870 per ounce at existing operations, reflecting inflationary labour pressures in Turkiye, higher sustaining capital and royalties, partly offset by stronger by‑product credits. Management’s three‑year outlook calls for gold production to rise to 620,000–720,000 ounces in 2027 and 640,000–740,000 ounces in 2028, implying roughly 40% growth versus 2025 and a step‑change in free cash flow as low‑cost, long‑life Skouries comes online alongside debottlenecking at Kisladag, expansion at Olympias and the Ormaque development at Lamaque.
The most recent analyst rating on (TSE:ELD) stock is a Hold with a C$54.00 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 Canadian-based gold producer listed on the TSX and NYSE, operating mines in Canada, Turkiye and Greece. The company’s portfolio includes the Lamaque Complex, Kisladag, Efemcukuru and Olympias, with Skouries in Greece advancing toward production and adding meaningful copper by‑product exposure.
Average Trading Volume: 579,849
Technical Sentiment Signal: Buy
Current Market Cap: C$12.87B
Learn more about ELD stock on TipRanks’ Stock Analysis page.
