Eldorado Gold Corp

ELD

Equity

ISIN CA2849025093 / Valor 45526591

Toronto Stock Exchange (2025-04-04)

CAD 23.01-7.70%

Eldorado Gold Corp
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About company

Eldorado Gold Corp is a mining company engaged in the production, development, and exploration of gold and base metals, with operations primarily located in Türkiye, Canada, and Greece. Established over three decades ago, the company focuses on extracting and processing mineral resources to supply global markets. Eldorado Gold operates several mines and development projects, leveraging its expertise in mining to enhance operational efficiency and resource extraction. The company is committed to maintaining a high standard of safety and sustainability in its operations, aiming to deliver value to its stakeholders while ensuring the longevity and quality of its business practices.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Growth

In the third quarter of 2024, Eldorado Gold Corp reported a significant increase in financial revenue, reaching $331.8 million. This marks a 36% rise compared to the $244.8 million recorded in the same quarter of 2023. The growth was primarily driven by a higher average realized gold price and increased sales volumes.

Net Earnings Improvement

Eldorado Gold Corp's net earnings attributable to shareholders from continuing operations saw a substantial turnaround in Q3 2024. The company reported net earnings of $101.1 million, or $0.49 per share, compared to a loss of $6.6 million, or $0.03 per share, in Q3 2023. This improvement was largely due to higher revenue.

Cash Flow and Liquidity

The company generated $180.9 million in net cash from operating activities from continuing operations in Q3 2024, up from $108.1 million in the same period of the previous year. Eldorado Gold Corp's cash, cash equivalents, and term deposits increased to $676.6 million as of September 30, 2024, from $595.1 million as of June 30, 2024, supported by strong operating cash flows and the Skouries Term Facility drawdown.

Adjusted EBITDA and Earnings

Adjusted EBITDA for Eldorado Gold Corp in Q3 2024 was $169.0 million, compared to $108.7 million in Q3 2023. Adjusted net earnings were $71.0 million, or $0.35 per share, up from $35.0 million, or $0.17 per share, in the same quarter of the previous year. The increase was driven by higher revenue, despite adjustments for derivative instruments and deferred consideration gains.

Free Cash Flow and Investments

Free cash flow for Eldorado Gold Corp was negative $4.8 million in Q3 2024, an improvement from negative $19.3 million in Q3 2023. Excluding investments in the Skouries project, free cash flow was $98.3 million, up from $37.3 million in the previous year. The increase was attributed to higher operating cash flow, driven by higher gold prices and sales volumes.

Summarized from source with an LLMView Source

Key figures

15.2%1Y

59.7%3Y

151%5Y

Performance

40.2%1Y

42.3%3Y

45.0%5Y

Volatility