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.
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XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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