Eldorado Gold (EGO) Q4 2025 Earnings Transcript
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 20, 2026
AI-Generated Deep Dive Summary
Eldorado Gold (EGO) delivered strong financial results for Q4 2025, with net earnings of $252 million and free cash flow of $316 million. The company exceeded its 2025 guidance, producing 488,268 ounces of gold, driven by higher gold prices and operational efficiency. Revenue reached $1.8 billion for the year, up from previous quarters, while operating cash flow totaled $743 million. However, all-in sustaining costs rose to $1,664 per ounce due to inflation, royalty increases, and higher sustaining capital expenditures.
One key highlight was the Skouries project, which reached 90% completion but faced delays in its first production timeline, now expected in early 2026. Despite this, Eldorado secured favorable concentrate offtake agreements for 80% of planned copper production, improving its market position. The company also increased its exploration budget by 60%, reflecting a focus on growth opportunities across its global portfolio.
Eldorado’s financial health remained strong, with $976 million in total liquidity and $869 million in cash after the Amex investment. Shareholder returns were prioritized through an NCIB program, repurchasing $204 million worth of shares, and a new quarterly dividend starting in 2026. However, challenges persisted at several mine sites: Kisladag
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Originally published on The Motley Fool on 2/20/2026