Eldorado Gold beats Q2 revenue estimates, adjusted EPS misses

Overview

• Eldorado Gold Q2 revenue rises 52% yr/yr, beating analyst expectations

• Adjusted EPS for Q2 misses analyst estimates

• Co repurchased $44.6 mln of shares, indicating confidence in future growth

Outlook

• Eldorado maintains 2025 gold production guidance at 460,000-500,000 ounces

• Company expects full-year cash costs and AISC at high end of guidance

• Eldorado sees impact of Turkish royalty changes on costs

• Company entered gold collars for Skouries Project Term Facility

Result Drivers

• GOLD PRODUCTION - Increased gold production driven by accelerated inventory drawdowns at Kisladag and higher grade and throughput at Lamaque

• REVENUE GROWTH - Revenue increased due to higher average realized gold prices and increased sales volumes

• COST INCREASES - Higher production costs attributed to increased royalty expenses and rising labor costs, particularly in Turkiye

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 1 "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 Corp is C$33.97, about 16.6% above its July 30 closing price of C$28.33

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX7WYjNC