Record Gold Production and Safety Improvement
Eldorado Gold produced 115,893 gold ounces in Q1 2025, with notable safety improvements, as the lost time injury frequency rate decreased to 0.7 from 1.63 in Q1 2024.
Expanding Share Buyback Program
Eldorado Gold expanded its normal course issuer bid to repurchase up to 5% of its share capital, demonstrating confidence in long-term prospects and enhancing shareholder value.
Strong Financial Performance
Eldorado generated net earnings of $72 million, or $0.35 per share, driven by higher average realized gold prices, offsetting increased production costs.
Progress at Skouries Project
The Skouries project reached 66% completion for Phase 2 construction, with expectations for first gold production in Q1 2026 and commercial production by mid-2026.