Eldorado Gold (EGO) releases its updated Mineral Reserve and Mineral Resource, MRMR, estimates as of September 30, 2025. “Our commitment to exploration continues to unlock long-term value, driving another increase in Mineral Reserves,” said George Burns, Chief Executive Officer. “We successfully offset depletion at key operations, including the Lamaque Complex, Kisladag and Olympias. Overall, Mineral Reserves increased by approximately 5%, primarily driven by a 25% increase at the Lamaque Complex. This strengthens our foundation and supports a robust production outlook for the next decade, underpinned by an average mine life of 13 years. Importantly, this update reflects a higher but conservative gold price assumption of $1,700 per ounce compared to last year’s gold price assumption of $1,450 per ounce, reinforcing the resilience of our portfolio.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EGO:
- Eldorado Gold price target raised to C$54 from C$51 at National Bank
- Eldorado Gold’s Earnings Call: Mixed Sentiments and Strategic Progress
- Eldorado Gold: Strategic Initiatives and Growth Prospects Justify Buy Rating
- Eldorado Gold Reports Strong Q3 2025 Results and Updates Guidance
- Eldorado Gold reports Q3 EPS 41c, consensus 47c