Canada's Eldorado Gold Q3 adj EPS misses estimates

Overview

• Canada gold miner's Q3 adjusted EPS missed analyst expectations

• Company cut 2026 gold production and raised cost guidance due to slower ramp-up at Skouries

Outlook

• Eldorado Gold lowers 2026 gold production outlook to 425,000-475,000 oz from 495,000-600,000 oz

• Eldorado Gold raises 2026 cash cost guidance to $1,400-$1,500/oz, AISC to $1,975-$2,125/oz

Result Drivers

• SKOURIES RAMP-UP DELAYS - Slower than expected ramp-up at Skouries led to reduced production guidance and higher capital spending

• KISLADAG AND OLYMPIAS LOWER OUTPUT - Lower grades and delayed access to higher-grade material at Kisladag, and expansion timing at Olympias, reduced Q3 gold production

• HIGHER COSTS - Increased sustaining capital, higher royalty expenses, and pre-commercial production costs at McIlvenna Bay raised total cash costs and AISC

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy"

• Wall Street's median 12-month price target for Eldorado Gold Corporation is C$68.26, about 42.1% above its October 27 closing price of C$48.03

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads

• Oct 27 - Freeport-McMoRan Q3 revenue rises on higher copper prices

• Oct 28 - Canada's Amerigo Resources Q3 net income surges on higher copper prices

• Oct 27 - Peru's Antamina copper mine halts operations after worker death

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)