PERFORMANCE & GUIDANCE AT A GLANCE

Latest Financial & Operational Data
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By 2027, we are anticipating gold production (midpoint) to grow by 33%, from 2024 production levels, driven by our growth projects. Each quarter, we report on our financial and operational performance.
3-Year Operating Outlook
Gold production (midpoint) increasing 33% over 3 years driven by our growth projects.
Gold Production (000’ oz) | 2024E | 2025E | 2026E(2) | 2027E |
---|---|---|---|---|
Lamaque Complex | 197 | 170 - 180(1) | 180 - 190 | 175 - 185 |
Kışladağ | 174 | 160 - 170 | 135 - 145 | 165 - 175 |
Efemçukuru | 80 | 70 - 80 | 75 - 85 | 70 - 80 |
Olympias | 70 | 60 - 70 | 80 - 90 | 80 - 90 |
Skouries | - | - | 135 - 155(2) | 195 - 205 |
Total Gold | 520 | 460 - 500 | 605 - 665 | 630 - 720 |
Copper Production (M lb) | |||||
---|---|---|---|---|---|
Skouries | - | - | - | 45 - 60 | 60 - 80 |
Total Copper | - | - | - | 45 - 60 | 60 - 80 |
(1) Includes expected production ounces from the second bulk sample process at Ormaque.
(2) Includes expected pre-commercial production from Skouries. Skouries’ commercial production is expected in mid-2026.
2025 GUIDANCE: PRODUCTION, COSTS & CAPITAL
Lamaque complex | kisladag | efemcukuru(3) | olympias(3,4) | skouries project | Total | |
---|---|---|---|---|---|---|
Production (000’ ounces) | 170 - 180 | 160 - 170 | 70 - 80 | 60 - 70 | - | 460 - 500 |
Total Cash Costs(1) ($/oz sold) | 790 - 890 | 1,020 - 1,120 | 1,300 - 1,400 | 1,020 - 1,120 | 980 - 1,080(5) | |
AISC ($/oz sold)(1) | 1,290 - 1,390 | 1,200 - 1,300 | 1,560 - 1,660 | 1,280 - 1,380 | 1,370 – 1,470(5) | |
Sustaining Capital(1) ($ M) | 85 - 95 | 25 - 30 | 15 - 20 | 20 - 25 | 145 - 170 | |
Operations - Growth Capital(1,2) ($ M) | 70 - 75 | 115 - 125 | 15 - 20 | 45 - 50 | 245 - 270 | |
Sustaining and Growth Capital(1,2) ($ M) | 155 - 170 | 140 - 155 | 30 - 40 | 65 - 75 | 390 - 440 | |
Skouries - Construction Project Capital(1) ($ M) | 400 - 450 | 400 - 450 | ||||
Skouries - Accelerated Operational Capital(1) ($ M) | 80 - 100 | 80 - 100 |
(1)These are non-IFRS financial or ratios. Certain additional disclosures for non-IFRS financial measures and ratios have been incorporated by reference and additional detail can be found at the end of the press release "Eldorado Gold Provides Skouries Project Update; 2025 Detailed Company Production & Cost Guidance; Updated Three-Year Growth Profile; Conference Call Details" in the section titled ‘Non-IFRS and Other Financial Measures and Ratios.’
(2)Includes capitalized exploration at Lamaque and Efemçukuru.
(3)Payable metal produced.
(4)Olympias by-product grades: Silver: 90 – 120 g/t; Zinc: 4.0 – 4.5%; Lead: 3.5 – 4.0%.
(5)Totals may not add based on the averaging of costs.
2024 OPERATIONS UPDATE
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Q1 2024 | Q2 2024 | Q3 2024 | YTD 2024 | FY 2023 | |
---|---|---|---|---|---|
Consolidated Results | |||||
Ounces produced | 117,111 | 122,319 | 125,195 | 364,625 | 485,139 |
Ounces sold | 116,008 | 121,226 | 123,828 | 361,062 | 483,978 |
Production costs | $123.0 | $127.8 | $141.2 | $392.0 | $478.9 |
Total cash costs ($/oz sold) (1,2) | $922 | $941 | $953 | $939 | $743 |
All-in sustaining costs ($/oz sold) (1,2) | $1,262 | $1,331 | $1,335 | $1,310 | $1,220 |
Sustaining capital expenditures ($M) (2) | $29.1 | $30.9 | $33.3 | $93.2 | $121.8 |
Kışladağ, Türkiye | |||||
Ounces produced | 37,523 | 38,990 | 41,084 | 117,597 | 154,849 |
Ounces sold | 36,699 | 39,646 | 40,724 | 117,068 | 154,456 |
Production costs | $30.9 | $38.2 | $37.3 | $106.5 | $122.8 |
Total cash costs ($/oz sold) (1,2) | $820 | $941 | $899 | $889 | $657 |
All-in sustaining costs ($/oz sold) (1,2) | $916 | $1,055 | $1,028 | $1,00 | $900 |
Sustaining capital expenditures ($M) (2) | $2.2 | $3.1 | $3.7 | $8.9 | $16.0 |
Lamaque Complex, Canada | |||||
Ounces produced | 42,299 | 47,391 | 43,106 | 132,796 | 177,069 |
Ounces sold | 44,620 | 43,625 | 44,531 | 132,776 | 176,495 |
Production costs | $35.2 | $33.6 | $32.8 | $101.6 | $119.5 |
Total cash costs ($/oz sold) (1,2) | $779 | 759 | $728 | $755 | $643 |
All-in sustaining costs ($/oz sold) (1,2) | $1,262 | 1,233 | $1,189 | $1,228 | $1,089 |
Sustaining capital expenditures ($M) (2) | $21.1 | 20.1 | $20.0 | $61.1 | $72.7 |
Efemçukuru, Türkiye | |||||
Ounces produced | 18,501 | 22,397 | 19,794 | 60,692 | 86,088 |
Ounces sold | 18,614 | 22,462 | 19,741 | 60,817 | 86,078 |
Production costs | $21.8 | $24.8 | $26.4 | $73.0 | $80.1 |
Total cash costs ($/oz sold) (1,2) | $1,154 | $1,087 | $1,325 | $1,185 | $797 |
All-in sustaining costs ($/oz sold) (1,2) | $1,138 | $1,288 | $1,578 | $1,336 | $1,154 |
Sustaining capital expenditures ($M) (2) | $2.4 | $3.6 | $4.7 | $10.7 | $14.0 |
Olympias, Greece | |||||
Ounces produced | 18,788 | 13,541 | 21,211 | 53,540 | 67,133 |
Ounces sold | 16,075 | 15,493 | 18,833 | 50,401 | 66,949 |
Production costs | $35.0 | $31.3 | $44.7 | $110.9 | $156.5 |
Total cash costs ($/oz sold) (1,2) | $1,287 | $1,231 | $1,210 | $1,241 | $1,133 |
All-in sustaining costs ($/oz sold) (1,2) | $1,527 | $1,522 | $1,513 | $1,520 | $1,688 |
Sustaining capital expenditures ($M) (2) | $3.5 | $4.1 | $4.9 | $12.5 | $19.0 |
(1) Revenues from silver, lead and zinc sales are off-set against total cash costs.
(2) These financial measures or ratios are non-IFRS financial measures or ratios. See the section 'Non-IFRS and Other Financial Measures and Ratios’ of the latest MD&A for explanations and discussions of these non-IFRS financial measures or ratios.