Eldorado Gold lowered its annual gold-production forecast October 28, citing weaker output at existing mines and a slower ramp-up at its Skouries project.
The company now expects 425,000 to 475,000 ounces in 2026, including Skouries and McIlvenna Bay, compared with its original range of 495,000 to 600,000 ounces.
Skouries' own forecast fell to 10,000 to 35,000 ounces from 60,000 to 100,000. Eldorado still expects commercial production there in late 2026, describing the revision as a timing change rather than a change to longer-term design capacity.
For the quarter ended September 30, revenue reached $511.9 million and net earnings attributable to shareholders were $118 million, or 45 cents a basic share. Gold production was 106,351 ounces.
Consolidated free cash flow was negative $191.1 million, reflecting investment in Skouries and McIlvenna Bay. The company reported positive $98.3 million when excluding those projects; that narrower measure does not describe the entire business.
The financial figures are in U.S. dollars. Free cash flow is a supplemental measure outside standard accounting earnings.
Sources Eldorado Gold quarterly results and revised guidance, October 28, 2026.