Canada's Eldorado Gold Q1 adjusted EPS beats estimates on pricing strength

Eldorado Gold

30/04/2026 22:22

Overview

Canada gold miner's Q1 revenue rose 50% yr/yr, but gold output fell 13%

Adjusted EPS for Q1 was $0.95, beating analyst expectations

Company completed acquisition of Foran Mining on April 14

Outlook

Eldorado Gold maintains 2026 annual gold production guidance of 490,000-590,000 ounces

Company expects 2026 gold production to be weighted to the second half of the year

Skouries project remains on track for first concentrate production in Q3 and commercial production in Q4 2026

Result Drivers

HIGHER GOLD PRICES - Revenue and adjusted earnings rose mainly due to a 67% increase in average realized gold price per ounce sold

LOWER PRODUCTION VOLUMES - Gold output and sales fell 13% yr/yr, mainly due to planned lower tonnes and ore grades at Kisladag and Efemcukuru

HIGHER ROYALTIES AND COSTS - Production costs and cash costs per ounce rose due to higher royalty expenses from increased gold prices and higher rates, as well as cost inflation and labour costs

Company press release: ID:nGNX1X2M1x

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$532.4 mln
$509.52 mln (1 Analyst)
Q1 Adjusted EPS
Beat
$0.95
$0.67 (7 Analysts)
Q1 Net Income
$136.4 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

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

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)