Q3 2025 Eldorado Gold Corp Earnings Call Transcript
Key Points
- Eldorado Gold Corp (EGO) achieved safe production of 115,190 gold ounces and generated approximately $77 million of free cash flow, excluding Scurius investment.
- The company has tightened its 2025 guidance range on gold production to between 470,000 and 490,000 ounces, indicating strong performance.
- Eldorado Gold Corp (EGO) reported net earnings from continuing operations of $57 million, equivalent to $0.28 per share, with adjusted net earnings of $82 million or $0.41 per share.
- The Scurius copper-gold project is progressing well, with phase two construction reaching 73% completion and first copper-gold concentrate production expected by Q1 2026.
- The company continued its share repurchase program, buying back and canceling approximately 3 million shares for a total of $79 million, reflecting a commitment to returning value to shareholders.
- Total cash costs for 2025 have been revised upwards to between $1,175 and $1,250 per ounce sold, and all-in sustaining costs are expected to be between $1,600 and $1,675 per ounce sold.
- Olympias faced challenges with stockpiled ore affecting processed water chemistry, leading to lower metal recovery and higher processing costs.
- The company expects sustaining capital costs to be at the higher end of the $145 to $170 million guidance range for 2025.
- Higher royalty rates in Turkey and lower than expected performance at Olympias have negatively impacted financial results.
- Free cash flow for the quarter was negative $87 million, although underlying free cash flow excluding capital investments in the Scurius project was positive $77 million.
Thank you for standing by. This is the conference operator. Welcome to the Eldorado Gold, 3rd quarter 2025 results conference call. As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. So during the question queue, you may press then 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator for pressing star, then 0.
I would now like to turn the conference over to Lynette Gould, Vice President, Investor Relations, communications and external Affairs. Please go ahead, Ms. Gould.
Thank you, operator, and good morning everyone. I'd like to welcome you to our 3rd quarter 2025 results conference call. Before we begin, I would like to remind you that we will be making forward-looking statements and referring to non IFRS measures during the call. Please refer to the cautionary statements included in the presentation and the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
