Eldorado Gold Posts Q2 2025 Earnings: Strong Production, Revenue and Net Earnings

Eldorado Gold reported Q2 2025 results with gold production of 133,769 ounces, revenue of $451.7 million, and net earnings of $139.0 million. The company maintained its annual production guidance and progressed with the Skouries project, which is on track for production in early 2026. Eldorado Gold's cash and cash equivalents reached $1,078.6 million by the end of June 2025, supporting its growth plans and commitment to disciplined capital and cost management.

Eldorado Gold Corporation (TSX: ELD; NYSE: EGO) reported its second quarter 2025 financial results, highlighting robust operational performance and progress on key projects. The company's gold production reached 133,769 ounces, surpassing the planned quarterly output, with a realized gold price per ounce sold of $3,270. Total revenue for the period was $451.7 million, while net earnings attributable to shareholders stood at $139.0 million or $0.68 per share [3].

The company's operational costs remained under control, with total cash costs of $1,064 per ounce sold and all-in sustaining costs (AISC) at $1,520 per ounce sold [3]. Eldorado's capital expenditures for the quarter amounted to $240.9 million, with $117.0 million invested at the Skouries project and $47.3 million at other operating mines [3].

The Skouries project, located in Greece, continues to make steady progress. The second stage of the project is 70% complete, and the company is focused on delivering first production of copper-gold concentrate in the first quarter of 2026 [2]. The project's capital cost estimate has increased to $1.06 billion due to labor shortages and construction constraints, but Eldorado remains committed to its timeline [2].

Eldorado's cash and cash equivalents reached $1,078.6 million by the end of June 2025, supporting its growth plans and commitment to disciplined capital and cost management. The company has repurchased and cancelled approximately $44.6 million of shares under its normal course issuer bid (NCIB) [3].

Eldorado's gold production and financial results demonstrate the company's ability to execute its operational strategy and maintain its growth trajectory. The progress at the Skouries project is a key inflection point for the company, expected to reshape its production profile and introduce copper revenue, helping lower overall cash costs [2].

References:
[1] https://www.marketscreener.com/news/eldorado-gold-brief-revenue-of-us-451-7-million-in-q2-2025-adjusted-net-earnings-90-1-million-or-ce7c5fd2d98ef321
[2] https://www.northernminer.com/news/eldorado-gold-keeps-1b-skouries-on-track-in-greece/1003881151/
[3] https://www.eldoradogold.com/investors/news-releases/eldorado-gold-reports-strong-q2-2025-financial-and-operational-results