Eldorado Gold Reports Strong Q1 2025 Results Despite Cost Surge

Eldorado Gold reported strong financial and operational results for Q1 2025, with revenue rising significantly to $355.2 million, driven by higher gold prices despite relatively flat production and sales volumes. Net earnings more than doubled year-over-year, though adjusted earnings were flat and missed analyst expectations. The company faced sharply higher production costs and all-in sustaining costs, mainly due to challenges at its Olympias site, which experienced a substantial production decline and unplanned maintenance issues. Despite negative free cash flow overall due to heavy investment in the Skouries project, Eldorado highlighted positive free cash flow when excluding Skouries, and its cash position improved, aided by asset sales. The company maintained its annual production guidance and remains focused on operational efficiency and advancing the Skouries project, emphasizing its commitment to growth and financial stability. Analysts generally maintain a positive outlook on the stock, noting operational resilience and potential for further growth.