Eldorado Gold Reports Q3 2026 Financial and Operational Results and Updates 2026 Guidance; Skouries and McIlvenna Bay Advancing Toward Commercial Production - The Manila Times

AI desk brief

Eldorado Gold reported Q3 gold sales of 107,164 oz at an average realized price of $4,326/oz, with cash costs of $1,415/oz and AISC of $2,050/oz; revenue was $511.9 million and adjusted EBITDA $275.2 million. Free cash flow was negative $191.1 million, reflecting heavy investment at Skouries and McIlvenna Bay, although free cash flow excluding those projects was still positive $98.3 million.

The company cut 2026 production guidance for its operating assets to 410k-430k oz from 430k-490k oz, and total guidance including Skouries/McIlvenna Bay to 425k-475k oz from 495k-600k oz. Skouries ramp-up has slowed, with commercial production still expected in late Q4 2026, while McIlvenna Bay remains on track for late Q4 commercial production; revised cost guidance rose to $1,400-$1,500/oz cash costs and $1,975-$2,125/oz AISC.