Eldorado Gold’s 2027 Outlook: Two New Mines Turning On at Once, With 40% Production Growth Guided - The Motley Fool

AI desk brief

Eldorado Gold is moving into a major ramp-up phase as two large projects transition toward commercial production: Skouries in Greece and McIlvenna Bay in Saskatchewan. Management is guiding for roughly 40% gold production growth in 2027 versus 2025 once Skouries reaches steady state, while the stock traded at $31.67 on Oct. 23 after a 26% 1-year gain.

The setup is supported by stronger operating metrics — fiscal 2025 revenue rose 40% y/y and operating margins expanded to 41% — but execution risk remains material. Eldorado also reported $195 million of negative free cash flow in fiscal 2025 and a $155 million capital overrun at Skouries, so the market is still pricing in successful delivery of the new assets.