News · Yahoo Finance

Eldorado Gold Reports Q3 2026 Financial and Operational Results and Updates 2026 Guidance; Skouries and McIlvenna Bay Advancing Toward Commercial Production

Eldorado Gold reported Q3 2026 gold production of 106,351 ounces and revenue of $511.9 million, with adjusted net earnings of $127.0 million, or $0.49 per share, and adjusted EBITDA of $275.2 million. Total cash costs were $1,415 per ounce sold and all-in sustaining costs $2,050 per ounce. Free cash flow was negative $191.1 million, reflecting heavy investment at Skouries and McIlvenna Bay as both advance toward commercial production; excluding them, free cash flow was $98.3 million. The company lowered its 2026 gold production outlook to 410,000–430,000 ounces for operating assets excluding Skouries and McIlvenna Bay (from 430,000–490,000), and to 425,000–475,000 ounces including them (from 495,000–600,000). Lower expected output at Kisladag and Olympias and a slower-than-expected Skouries ramp-up were partly offset by strong performance at Lamaque, supported by high-grade Ormaque ore.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

goldminingearningsEldorado Gold

Open a keyword to see other news on the same topic.

Related tickers and likely impact

XAU/USD

• Neutral

Relevance: low

MarketGold
Close on 10/28/20264,067.54
Change that session+0.18%
XAU/USD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • The Bet Eldorado Gold Holders Made

    Eldorado Gold shares returned 22.3% over the past year including dividends, even though late-2025 views were split: bulls pointed to the Skouries and Olympias projects, while bears flagged ESG pressure and geopolitical risk. At the start of the period the shares cost CA$36.72, with a bullish Fair Value of CA$41.05 and a bearish one of CA$28.97, the latter reflecting higher all-in sustaining costs of around $1,520 per ounce. Q2 2026 results showed revenue of US$487.456 million, net income of US$172.817 million and a net margin of 35.5% versus 30.8% a year earlier, favoring the optimistic case, though capex and project risk at Skouries and McIlvenna Bay kept caution alive. The shares now trade at CA$44.32, above the starting level, and the selected Narrative's Fair Value remains higher still. The article argues the story has shifted from gold output to a mix of copper growth projects and cash returns, so a smooth ramp-up at Skouries and McIlvenna Bay is key to the cash flow outlook.

    Yahoo Finance·▲ XAU/USDgoldminingEldorado Gold
  • Eldorado Gold 2027 Outlook : Two New Mines Turning On at Once , With 40 % Production Growth Guided

    Eldorado Gold (EGO) is moving from heavy investment to profitable production, as its Skouries project in Greece produced first concentrate on September 8 and targets commercial production this quarter. The McIlvenna Bay copper-zinc mine in Saskatchewan and the C$3.8 billion Foran Mining acquisition (closed in April) diversify its output, while fiscal 2025 revenue rose 40% and operating margin reached 41%, though free cash flow was negative at $195 million. Skouries had a $155 million capital overrun, and the article flags risks from high capital needs, project ramp-up timelines and gold and copper price swings. Hidden Gems gives the company a Superscore of 80/100 ('Strong'), and the article also cites 81, which places it in the top ~9%; the stock trades at $31.67, up 26% over one year as of October 23, 2026, with a trailing price-to-sales ratio of 2.94. In mid-October the European Commission granted Skouries strategic-project status.

    fool.com·Eldorado Goldgoldmining
  • Alamos Gold: Q3 Earnings Snapshot

    Alamos Gold (AGI) reported third-quarter earnings of $165.6 million, or 39 cents per share, and adjusted earnings of 43 cents per share, in line with the average estimate of four analysts. Revenue for the period was $510.4 million. Shares are down 18% since the start of the year and hit $31.52 in the final minutes of trading on Wednesday.

    Yahoo Finance·goldminingearnings
  • Kinross Gold: Q3 Earnings Snapshot

    Kinross Gold (KGC) reported third-quarter earnings of $583.2 million, or 49 cents per share, and adjusted earnings of 50 cents per share, above the 46-cent average estimate of seven analysts. Revenue for the period was $1.77 billion.

    Yahoo Finance·goldminingearnings
  • Agnico: Q3 Earnings Snapshot

    Agnico Eagle Mines Ltd. (AEM), a Toronto-based gold miner, reported third-quarter profit of $1.35 billion, or $2.67 per share. Adjusted for non-recurring gains, earnings were $2.61 per share, topping the $2.47 average estimate of six analysts surveyed by Zacks Investment Research. Revenue for the period was $3.58 billion. AEM shares have climbed nearly 8% since the start of the year, and in the final minutes of trading they hit $182.58, up 16% over the past 12 months.

    Yahoo Finance·goldminingearnings
  • FCX Q3 Earnings Beat Estimates on Strong Copper Pricing

    Freeport-McMoRan (FCX) reported third-quarter 2026 adjusted earnings of 88 cents per share, up 76% from 50 cents a year earlier and 10% above the Zacks Consensus Estimate of 80 cents. Revenue rose 8.2% year over year to $7.55 billion, 6.5% above the Zacks Consensus Estimate of $7.09 billion. Higher realized copper and molybdenum prices supported results despite lower copper and gold sales volumes, with copper sales down 23.3% to 749 million pounds, mainly due to lower operating rates at PT Freeport Indonesia (PTFI) during the ramp-up of the Grasberg Block Cave mine. For 2026, the company projects sales of roughly 3 billion pounds of copper, 649,000 ounces of gold and 93 million pounds of molybdenum.

    Yahoo Finance·earningsminingcommodities

Related markets

Gold →

Latest news

  • Interest Rates on October 29 at Agribank, Vietcombank, BIDV, VietinBank, MB, VPBank, Techcombank, Sacombank, HDBank,...

    A survey of online deposit rates at 35 banks on October 29, 2026 shows wide gaps between banks and across terms. For the 18-month term, VPBank leads at 7.4% per year, while five banks (MBV, PGBank, Sacombank, VCBNeo and VIB) each list 7% per year for 12 months. SCB has the lowest 12-month rate at 0.6% per year, 6.4 percentage points below the top. For 6 months, PGBank is highest at 6.9% per year, while 4.75% per year is the common 3-month rate, with SCB at only 0.1% per year.

    CafeF·• BID• CTG• HDB• MBBinterest ratesbankssavings accounts
  • How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

    Workplace and real estate executives at Microsoft, Citadel, Amazon and Coca-Cola said AI is pushing companies to move offices away from isolated desks toward open, collaborative spaces. Coca-Cola uses AI for internal data and ad creation, Microsoft's workplace team uses it to render proposed workspaces, and Amazon's real estate team said its AI usage rose from roughly 7% in January to over 90% this month. An October Workday report, based on a survey of more than 6,000 employees and business leaders worldwide, found 40% expect AI to boost productivity while 28% expect it to reduce headcount. Microsoft is offering voluntary buyouts to about 60,000 employees, more than a quarter of its global workforce, on top of the 4,800 layoffs announced in July, while Amazon cut 14,000 corporate jobs last year and plans to cut as many as 30,000 more. Citadel has not cut jobs because of AI and is building two headquarters towers in Miami and New York totaling 3.5M SF.

    Yahoo Finance·MicrosoftAmazonartificial intelligence
  • Microsoft beats expectations fueled by Azure cloud business

    Microsoft shares rose more than 5% on Wednesday afternoon after the company reported revenue and profit above expectations, driven by its Azure cloud unit, which grew 48% in the September quarter. Total revenue reached $92.3 billion and profit exceeded $36.6 billion, compared with FactSet analyst estimates of about $90.6 billion and $35.1 billion. Days earlier, Microsoft offered voluntary buyouts to about 60,000 employees, roughly a quarter of its workforce, its second such offer this year. Headcount fell to 223,000 at the end of June from 228,000 at the end of 2025. Capital expenditures reached $45.2 billion, mostly on short-lived assets such as memory chips and storage, and the company expects more than $50 billion in the final quarter of 2026, bringing full-year spending to $170 billion.

    Yahoo Finance·▲ MSFTMSFTcloud computingearnings
  • Hands-on with Apple's first touchscreen laptop: Touch is totally optional

    Apple unveiled its first touchscreen MacBook Pro models at an event in Los Angeles. They still run macOS, and CNBC found touch fully optional, since the trackpad and keyboard remain the main inputs and the interface looks largely unchanged apart from tweaks such as an enlarged red window button. Apple says its software converts each touch into a standard click, and that third-party developers such as Microsoft and Adobe will enlarge their touch targets. The Apple logo on the lid lights up, the first Apple laptop to do so since the 2017 MacBook Air. Prices start at $2,899 for the 14-inch model and at least $3,399 for the larger one.

    CNBC·• AAPLApplelaptopstech stocks
  • NVDA Stock Edges Down On DOJ Interest In $12.9 Billion Hugging Face Acquisition

    Nvidia shares slipped 1% on Wednesday after reports that the U.S. Department of Justice asked how its planned acquisition of Hugging Face could affect AI competition, including whether Nvidia could control a key distribution point for AI models and tools. The questions add to a years-long antitrust probe of Nvidia that began under former President Joe Biden and reportedly covers its acquisitions, investments, sales practices and whether it has pressured customers, with past deals such as SchedMD, Groq's licensing deal and Run.ai also examined. Nvidia announced in early September that it agreed to buy Hugging Face for about $12.93 billion, including roughly $11.9 billion payable to investors and an equity-based retention program of up to about $1 billion for employees. Jensen Huang has pledged that the platform will remain open to models, frameworks, clouds and computing platforms across the industry, and that Nvidia's chips will not be required to use it. The deal is expected to close in the first half of 2027.

    Yahoo Finance·▼ NVDANVDAartificial intelligencemergers and acquisitions
  • Google slumps amid fears of AI overspending

    Alphabet, Google's parent company, saw its shares fall as much as 9% after hours after quarterly sales and profits missed Wall Street estimates, amid worries about AI overspending. Google spent $51.3bn between July and September, up from $44.9bn in the prior quarter, and reported negative free cash flow of $9.1bn, the second negative quarter since it listed more than 20 years ago. Earnings were $2.12 a share against expectations of about $3, weighed down by an $8.7bn loss on its equity investments including a large SpaceX stake, while revenue rose 25% to $127.6bn, slightly below the roughly $128bn analysts forecast. Microsoft, by contrast, rose as much as 6.4% after hours on stronger cloud performance, with revenue up 19% to $92.3bn and Azure sales up 48%. Separately, Anthropic has filed for a New York IPO that could become the world's largest ever, with a target valuation of around $1.5tn to $2tn, and plans to open shares to retail investors in the UK and parts of continental Europe through RetailBook.

    Yahoo Finance·▼ GOOGLGOOGLearningsAI investment

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.