Eldorado Gold Corporation Financials and Operations

Eldorado Gold Corporation is a Canadian gold mining company with a diverse portfolio of assets around the world. It's headquartered in Toronto, Canada.

The company's financials are publicly disclosed, with revenue generated primarily from gold sales. In 2020, Eldorado Gold's revenue was approximately $1.3 billion.

Eldorado Gold has a significant presence in Greece, where it operates the Skouries and Olympias mines. These mines are a major contributor to the company's gold production.

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Eldorado Gold Corporation is a Canadian mid-tier gold and base metals producer.

The company operates in Canada, Greece, and Türkiye, with a diversified portfolio of high-quality assets across these regions.

Eldorado Gold is focused on responsible growth through efficient and sustainable mining practices.

With over 11.7 million ounces of Proven and Probable gold reserves, Eldorado's operations include established and growth-oriented projects in strategic mining jurisdictions.

The company's flagship project is the Skouries gold-copper deposit in Greece, with commercial production targeted by late 2025.

Eldorado Gold has a strong financial position and is committed to investing in operational excellence and sustainable practices.

The company is listed on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Eldorado Gold has a skilled management team with deep industry experience and a focus on generating long-term shareholder value.

The company's 2024 production guidance is between 505,000 and 555,000 ounces of gold.

Eldorado Gold primarily produces gold, as well as silver, lead, and zinc.

The company holds a 100% interest in several mines, including the Kisladag and Efemçukuru mines in Turkey and the Lamaque complex in Quebec, Canada.

Eldorado Gold Corporation was incorporated in 1996 and is headquartered in Vancouver, Canada.

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Eldorado Gold's financials are a mixed bag. The company's total cash stands at $1.08B as of the most recent quarter.

The debt-to-equity ratio is a concerning 28.72%, indicating a significant amount of leverage. Levered free cash flow is a negative $12.27M, suggesting the company is struggling to generate cash.

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Net sales have been steadily increasing, with projections reaching $15.94B by 2026. Net income has also shown growth, with a projected $148B by 2026.

Here's a breakdown of the company's net sales and net income projections for 2025 and 2026:

Net debt has been increasing, with a projected $51.41B by 2026. However, the company has also been reducing its debt, with a projected $-293M by 2026.

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Eldorado Gold has a market capitalization of $5.95 billion and an enterprise value of $6.04 billion.

The company's valuation measures show a trailing P/E ratio of 14.40 and a forward P/E ratio of 10.68.

The PEG ratio is not available, but the price-to-sales ratio is 3.83 and the price-to-book ratio is 1.45.

The enterprise value-to-revenue ratio is 3.84 and the enterprise value-to-EBITDA ratio is 7.43.

RBC has raised its price target on Eldorado Gold to $34 from $27, while maintaining an Outperform rating.

Here are some key valuation metrics:

Eldorado Gold operates 5 mines across the globe, with the Kisladag gold mine in Turkey being the company's highest producing mine since its opening in 2006.

The company's mines are strategically located in Turkey, Canada, and Greece, with each mine targeting a specific type of deposit. The Efemçukuru mine in Turkey, for example, is an underground mine targeting a high-grade deposit.

Here's a breakdown of Eldorado Gold's mines:

The company's operations are led by a seasoned management team, with George Burns serving as the CEO since 2017 and Christian Milau as the President since 2025.

Eldorado Gold operates 5 mines as of 2020, making it a significant player in the mining industry. Each of these mines has its unique characteristics and production methods.

The Kisladag gold mine in Turkey is Eldorado's highest producing mine since its opening in 2006. It uses a low-grade open pit mine with heap leaching to produce gold dore.

Efemçukuru mine in Turkey, located near the village of Efemçukuru, reached commercial production in 2012. This underground mine targets a high-grade deposit that's sold to third parties for processing elsewhere.

The Lamaque mine in Quebec, Canada, is an underground gold mine that reached commercial production on March 31, 2019. It's a significant addition to Eldorado's portfolio of mines.

Olympias mine in Greece is an underground gold-silver-lead-zinc mine that ships ore concentrates from port facilities in Thessaloniki and Stratoni for processing elsewhere. It was acquired in Eldorado's business combination with European Goldfields in 2012 and reached commercial production in 2017.

Stratoni mine in Greece is an underground silver-lead-zinc mine that ships ore concentrates from port facilities in Stratoni for processing elsewhere.

Eldorado Gold's mines can be summarized in the following table:

The Managers and Directors of Eldorado Gold Corporation are responsible for overseeing the company's operations and making key decisions. George Burns is the CEO, a position he has held since April 27, 2017.

The company's leadership team includes Christian Milau, who is the President, a role he took on in 2025. Paul Ferneyhough is the Director of Finance/CFO, a position he has held since January 1, 2024.

George Burns is also a Director/Board Member, a position he has held since April 27, 2017. He is 65 years old.

The Board of Directors consists of several members, including Steven Reid, who is the Chairman, a position he has held since January 6, 2021. John Webster and George Burns are also Directors/Board Members, with John holding the position since December 31, 2014, and George holding it since April 27, 2017.

Here is a list of the company's top Managers and Directors:

Argus has consistently rated ELDORADO GOLD CORP as a BUY, with a target price of $31.000000.

The investment ratings from Argus have remained relatively stable over the past 25 days, with the same target price and rating.

Here are the details of Argus' investment ratings for ELDORADO GOLD CORP:

ELDORADO GOLD CORP has been consistently rated as a BUY by Argus in recent research reports.

The target price for ELDORADO GOLD CORP has been set at $31.000000 in multiple reports.

Argus has given ELDORADO GOLD CORP an Industry Subrating of Medium in their reports.

A Management Subrating of High has been given to ELDORADO GOLD CORP by Argus.

The Safety Subrating for ELDORADO GOLD CORP is Medium according to Argus.

ELDORADO GOLD CORP has been given a Financial Strength Subrating of High by Argus.

A Growth Subrating of High has been given to ELDORADO GOLD CORP by Argus.

The Value Subrating for ELDORADO GOLD CORP is Low according to Argus.

Here are the target prices for ELDORADO GOLD CORP mentioned in the reports:

Eldorado Gold Corporation has been making headlines with its recent announcements. On October 08, Arras Minerals Up On Drill Results From Berezski East Target at Elemes Project.

One notable announcement was the appointment of Christian Milau as President of Eldorado Gold, effective September 12, 2025. This change in leadership was announced on August 15, 2025.

RBC raised its price target on Eldorado Gold to $34 from $27, while maintaining its Outperform rating. This was announced on September 10, 2025.

Eldorado Gold has also been involved in various business transactions, including a CAD 37.25 million funding deal with Amex Exploration Inc. on August 13, 2025.

Here are some key dates and announcements related to Eldorado Gold Corporation:

Val-d'Or Mining Corporation announced results from the 2025 Diamond Drilling Program on the Perestroika Prospect on September 26, 2025.

Eldorado Gold's mining operation at Olympiada has been found to be in violation of Greek environmental protection laws.

Inspectors discovered concentrations of cadmium, lead, and arsenic in a water stream used by the mining operation that exceeded allowed limits.

The Greek Ministry of the Environment and Energy's inspection committee has been critical of the mining operation's environmental impact.

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