Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Eldorado Gold ( (TSE:ELD) ) has shared an announcement.
Eldorado Gold outlined a major growth push in Greece centered on three projects—Skouries, Olympias expansion and Perama Hill—that are expected to drive substantial production increases, better margins and stronger cash flow from 2026 onward. The flagship Skouries copper-gold project is nearing completion, with first concentrate output targeted for late Q1 2026 and commercial production by mid-2026, supported by advanced construction progress, established ore stockpiles, fully staffed processing and maintenance teams, and concentrate off-take terms benefitting from robust copper market conditions. At Olympias, a mill expansion from 500,000 to 650,000 tonnes per year is on track for completion in the third quarter of 2026 with ramp-up in the fourth quarter, while newly negotiated concentrate contracts for 2026 offer substantially better payability and treatment terms, providing a material uplift to future cash flows. Perama Hill is moving toward development with the environmental impact assessment submitted, community consultations underway, and a specialized project team and external engineering firm engaged on a feasibility update, underscoring Greece’s growing strategic importance to Eldorado and signalling potentially significant long-term benefits for the company’s production profile and for local stakeholders.
The most recent analyst rating on (TSE:ELD) stock is a Sell with a C$33.00 price target. To see the full list of analyst forecasts on Eldorado Gold stock, see the TSE:ELD Stock Forecast page.
Spark’s Take on TSE:ELD Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELD is a Outperform.
The score is driven primarily by strong profitability and a solid balance sheet, tempered by negative free cash flow. Technicals support an uptrend, but overbought indicators raise pullback risk. The latest earnings call was mixed: strong production, free cash flow (excluding Skouries) and buybacks, but higher cost guidance and ongoing Olympias challenges pressure outlook.
To see Spark’s full report on TSE:ELD stock, click here.
More about Eldorado Gold
Eldorado Gold Corporation is a Canadian-based gold mining company with operations and development projects in several jurisdictions, including a growing portfolio in Greece. The company focuses on producing gold and by-product metals such as copper through a mix of operating mines and advanced-stage development projects, positioning itself as a mid-tier producer targeting higher-margin, long-life assets in key mining districts.
YTD Price Performance: 13.56%
Average Trading Volume: 445,162
Technical Sentiment Signal: Buy
Current Market Cap: C$11.23B
See more insights into ELD stock on TipRanks’ Stock Analysis page.