Eldorado Gold profit rises on gold prices, but guidance is cut
Eldorado Gold's third-quarter revenue and adjusted earnings grew on higher gold prices, while output fell and guidance was lowered, according to TradingView.
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what happened
Eldorado Gold's third-quarter revenue and adjusted earnings grew thanks to a higher realized gold price, TradingView reports. At the same time, gold production declined and the cost per ounce went up.
The Skouries and McIlvenna Bay projects are moving toward commercial production near the end of the fourth quarter. Still, the company lowered its guidance, and spending on the projects increased. Free cash flow for the period turned negative.
why it matters
For investors the picture is mixed: higher gold prices offset some of the problems, but lower output, rising production costs and negative cash flow make the company's results more dependent on the metal's price.
market impact
Eldorado Gold shares: higher gold revenue offset by lower output and a cut in guidance
- Eldorado Gold shares mixed — revenue from pricier gold is offset by lower output and a reduced forecast
tags
instruments
sources
- ELD: Higher gold prices lifted earnings as lower production and costly project ramp-ups pressured guidance and cash flow — TradingView, 28 October 2026 at 21:09 UTC
- ELD: Higher gold prices lifted earnings, while project ramp-ups drove lower guidance and negative free cash flow — TradingView, 28 October 2026 at 21:11 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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