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Eldorado Gold Corp (TSE:ELD)
TSX:ELD
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 29.20%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
Eldorado Gold had a strong operational and financial year with record gold production, significant strategic milestones, and a robust financial position. However, the company faced challenges with increased costs, higher injury rates, labor market issues at Skouries, and regulatory adjustments to its technical reports.Company Guidance
In the Eldorado Gold Fourth Quarter and Year End 2024 Results Conference Call, robust metrics highlighted the company's strong operational and financial performance. The fourth quarter marked the year's strongest production, with 155,668 ounces of gold, contributing to an annual total of 520,293 ounces—a 7% increase over 2023. The Lamaque Complex achieved record production of 196,538 ounces. Eldorado's cash cost was $944 per ounce sold in the fourth quarter, with an annual figure of $940, while the all-in sustaining cost (AISC) was $1,226 per ounce for the quarter and $1,285 annually. The company's financial health was underscored by a $108 million net earnings attributable to shareholders in Q4 2024 and a full-year net earnings of $301 million, driven by higher gold prices and sales volumes. Eldorado ended the year with a total liquidity of $1.1 billion, including $857 million in cash. Safety metrics showed an increased lost time injury frequency rate (LTIFR) of 0.99 in 2024, up from 0.65 in 2023. The company also noted significant advancements at various projects, with Skouries achieving 60% completion of Phase two construction, aiming for first gold production in early 2026.Strong Operational Year
Eldorado Gold Corporation had a strong operational and financial year, with Q4 being the strongest quarter, producing 155,668 ounces of gold. The full year saw gold production of 520,293 ounces, a 7% increase over 2023.
Record Production at Lamaque Complex
The Lamaque Complex achieved record production of 196,538 ounces, demonstrating efficiency and capability in operations. The declaration of an inaugural mineral reserve at Ormaque marks a significant milestone in strategic growth.
Financial Performance and Net Earnings
Eldorado Gold Corporation reported net earnings attributable to shareholders of $108 million in Q4 and $301 million for the full year. Adjusted net earnings were $128 million for the quarter and $321 million for the year.
Increase in Cash Flow and Revenue
Cash flow generated by operating activities was $636 million for the full year, with revenue increasing by $314 million due to higher gold prices and sales volumes.
Strong Balance Sheet and Liquidity
The company ended the year with total liquidity of $1.1 billion, including $857 million in cash and cash equivalents, ensuring financial flexibility.
Successful Olympias Labor Negotiations
Successful labor negotiations at Olympias support the 650,000 ton per annum plant expansion, enhancing long-term profitability.
Efemcukuru Mine Life Extension
Efemcukuru mine in Turkey announced a two-year mine life extension with a 23% increase in mineral reserves.
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TSE:ELD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ELD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | C$20.79 | C$19.06 | -8.32% |
| Oct 31, 2024 | C$24.22 | C$22.81 | -5.82% |
| Jul 25, 2024 | C$21.69 | C$22.19 | +2.31% |
| Apr 25, 2024 | C$20.20 | C$20.77 | +2.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Eldorado Gold Corp (TSE:ELD) report earnings?
Eldorado Gold Corp (TSE:ELD) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Eldorado Gold Corp (TSE:ELD) earnings time?
Eldorado Gold Corp (TSE:ELD) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ELD EPS forecast?
TSE:ELD EPS forecast for the fiscal quarter 2025 (Q1) is 0.44.
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