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Eldorado Gold Corp (EGO)
NYSE:EGO
Holding EGO?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.47Last Year’s EPS
$0.23Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -9.67%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in gold production and financial performance, driven by high gold prices and operational advancements. However, challenges such as increased costs and production setbacks at Kisladag indicate areas of concern. Despite these issues, the overall sentiment is balanced by strong financial health and strategic project developments.Company Guidance
During the Eldorado Gold Q3 2024 earnings call, several key metrics and guidance updates were discussed. The company reported a safe gold production of 125,195 ounces for the quarter, aligning with its full-year guidance. Eldorado Gold tightened its gold production guidance range to 505,000-530,000 ounces, slightly lowering the upper bound due to challenges like work stoppages at Olympias and slower leach cycles at Kisladag. The total cash cost guidance was adjusted to $910-$940 per ounce sold from the previous $840-$940, with all-in sustaining costs now expected to be between $1,260 and $1,290 per ounce sold. Additionally, depreciation guidance was reduced to $250-$260 million, down from $280-$290 million. Capital investments at Skouries were revised to $350-$380 million, reflecting changes in project scheduling and contractor mobilization. Despite these adjustments, Eldorado reaffirmed its commitment to achieving first production at Skouries by Q3 2025 while maintaining disciplined cost control and capital allocation strategies.Increased Gold Production
Gold production increased by 7% year-to-date compared to 2023 and 12% compared to 2022.
Positive Financial Performance
Net earnings attributable to shareholders were approximately $101 million, or $0.49 per share, due to higher revenue and gold prices.
Successful CBA Negotiations at Olympias
A 3-year collective bargaining agreement was concluded with the union workforce at Olympias.
Advancements at Skouries Project
Overall project progress at Skouries was 79%, with significant construction and development activities ongoing.
Strong Balance Sheet Position
Total liquidity of $885 million, including $677 million in cash and equivalents, and $208 million in credit capacity.
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EGO 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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EGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $17.37 | $16.34 | -5.93% |
| Jul 25, 2024 | $15.69 | $16.01 | +2.04% |
| Apr 25, 2024 | $14.78 | $15.20 | +2.84% |
| Feb 22, 2024 | $11.27 | $10.59 | -6.03% |
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 (EGO) report earnings?
Eldorado Gold Corp (EGO) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Eldorado Gold Corp (EGO) earnings time?
Eldorado Gold Corp (EGO) earnings time is at Feb 20, 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 EGO EPS forecast?
EGO EPS forecast for the fiscal quarter 2024 (Q4) is $0.47.
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