Eldorado Gold said commercial production at its Skouries project is now expected in late 2026, with total project capital rising to about $1.425 billion, though the company says the project remains fully funded. Third-quarter revenue rose 18% year over year to $512 million, supported by an average realized gold price of $4,326 per ounce versus $3,527 a year earlier, and adjusted earnings reached $0.49 per share compared with $0.41. Consolidated free cash flow was negative $191 million as the company continued investing in Skouries and McIlvenna Bay. Eldorado cut 2026 gold production guidance for its established mines to 410,000–430,000 ounces, excluding the two new projects, which are expected to reach nameplate capacity around mid-2027. The company has offtake contracts covering most expected Skouries output over the next two and a half years.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/29/2026 | 4,021.63 |
| Change that session | -1.13% |
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