Canada's Eldorado Gold Q3 adj EPS misses estimates

Eldorado Gold

28/10/2026 21:12

Overview
Canada gold miner's Q3 adjusted EPS missed analyst expectations
Company cut 2026 gold production and raised cost guidance due to slower ramp-up at Skouries

Outlook
Eldorado Gold lowers 2026 gold production outlook to 425,000-475,000 oz from 495,000-600,000 oz
Eldorado Gold raises 2026 cash cost guidance to $1,400-$1,500/oz, AISC to $1,975-$2,125/oz

Result Drivers
SKOURIES RAMP-UP DELAYS - Slower than expected ramp-up at Skouries led to reduced production guidance and higher capital spending
KISLADAG AND OLYMPIAS LOWER OUTPUT - Lower grades and delayed access to higher-grade material at Kisladag, and expansion timing at Olympias, reduced Q3 gold production
HIGHER COSTS - Increased sustaining capital, higher royalty expenses, and pre-commercial production costs at McIlvenna Bay raised total cash costs and AISC

Company press release: ID:nGNXbt5359

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$511.90 mln
$674.47 mln (2 Analysts)
Q3 Adjusted EPS
Miss
$0.49
$0.81 (8 Analysts)
Q3 Net Income
 
$118 mln
 
Q3 Capex
 
$452.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
Wall Street's median 12-month price target for Eldorado Gold Corporation is C$68.26, about 42.1% above its October 27 closing price of C$48.03
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

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Oct 27 - Peru's Antamina copper mine halts operations after worker death

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.)