Eldorado Gold Nears Production Milestones as Skouries, McIlvenna Bay Near Launch - Yahoo Finance

AI desk brief

Eldorado Gold said Skouries and McIlvenna Bay are on track for commercial production in the coming quarter, setting up a step-up in gold-equivalent output from roughly 500,000 ounces to nearly 900,000 ounces. The two projects are expected to add about 110 million pounds of annual copper production, with Skouries alone targeted at roughly 150,000 oz gold and 70 million lb copper per year over a 20-year life.

The company says major construction spending is largely done and sees free cash flow rising above $1 billion in 2027 as the new mines ramp. Eldorado ended the quarter with about $550 million in cash and $1.2 billion in net debt, and indicated buybacks could resume alongside dividends once production and valuation improve.