Overview

* Eldorado Q3 revenue beats analyst expectations

* Adjusted EPS for Q3 misses estimates due to derivative losses

* Gold production decreased due to challenges at Olympias site

Outlook

* Eldorado Gold ( EGO ) tightens 2025 gold production guidance to 470,000-490,000 ounces

* 2025 Skouries project capital guidance increased to $440-$470 mln

Result Drivers

* LAMAQUE PRODUCTION - Higher production at Lamaque due to accelerated processing of bulk samples at Ormaque

* OLYMPIAS CHALLENGES - Lower production at Olympias due to flotation circuit challenges

* ROYALTY EXPENSES - Increased production costs due to higher royalty expenses driven by record gold prices and increased royalty rates in Turkiye

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $434.7 $434.4

Revenue mln mln (2

Analysts

)

Q3 Miss $0.41 $0.48 (6

Adjusted Analysts

EPS )

Q3 Net $56.5

Income mln

Q3 $183.5

Adjusted mln

Free

Cash

Flow

Q3 Capex $255.6

mln

Q3 Free -$87.4

Cash mln

Flow

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 ( EGO ) is C$39.58, about 11.5% above its October 29 closing price of C$35.04

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)