EGO 6-K SEC Filing Analysis

Latest settled — T+20d

EGO ▲ +11.86% at T+20d

LONG call ✓ call won +11.86% · α vs SPY +6.57% · entry $29.86 → $33.40

Next anchor: T+60d in 7w

Currently $29.25 · -2.04% from $29.86 entry

Entry anchored
Apr 30, 03:59 PM ET
via Databento tick

T+1d

-3.42%

call -3.42% · α -3.07%

$28.84

settled 6w ago

T+5d

+11.02%

call +11.02% · α +8.67%

$33.15

settled 5w ago

T+20d

+11.86%

call +11.86% · α +6.57%

$33.40

settled 12d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

Loading chart...

Executive Summary

Eldorado Gold reported Q1 2026 results with revenue of $532.4 million (+50% YoY) driven by a 67% surge in the average realized gold price to $4,891/oz, despite a 13% decline in gold production to 100,358 oz. Net earnings attributable to shareholders rose to $136.4 million ($0.69/share) from $72.0 million ($0.35/share) a year ago, while adjusted net earnings hit $188.2 million ($0.95/share). The company maintained its 2026 gold production guidance of 490,000-590,000 oz and confirmed Skouries remains on track for first concentrate in Q3 and commercial production in Q4 2026. The post-period acquisition of Foran Mining adds the McIlvenna Bay copper-zinc project, expected to reach commercial production in Q3 2026.

Actionable Insight

Strong Q1 beat on gold price tailwind with maintained full-year guidance supports positive momentum. Key catalysts ahead: Skouries first concentrate in Q3 and commercial production in Q4, plus McIlvenna Bay ramp-up. Watch for Q2 production ramp and any further Skouries cost overruns. The CEO transition to Milau in Q3 adds execution risk during Skouries ramp-up.

Key Facts

Q1 2026 revenue $532.4M vs $355.2M YoY (+50%)
Average realized gold price $4,891/oz vs $2,933/oz YoY (+67%)
Gold production 100,358 oz vs 115,893 oz YoY (-13%)
Net earnings attributable to shareholders $136.4M ($0.69/share) vs $72.0M ($0.35/share) YoY
Adjusted net earnings $188.2M ($0.95/share) vs $56.4M ($0.28/share) YoY
Operating cash flow $141.4M vs $130.4M YoY
Free cash flow negative $129.1M vs negative $29.4M YoY (driven by Skouries capex)
Free cash flow excluding Skouries positive $62.9M
2026 gold production guidance maintained at 490,000-590,000 oz
Skouries first concentrate expected Q3 2026, commercial production Q4 2026
Skouries project capital estimate revised to ~$1.315B (+$155M from prior estimate)
Acquired Foran Mining on April 14, 2026 for 0.1128 shares + $0.01 cash per Foran share
McIlvenna Bay (Foran) expected commercial production Q3 2026
CEO George Burns to retire Q3 2026; President Christian Milau to become CEO
Initiated quarterly dividend of $0.075/share in Q1 2026
Repurchased 2,419,992 shares at avg $34.67 for $83.9M in Q1 2026
Cash and cash equivalents $629.7M, total debt $1,230.8M

Financial Impact

Revenue increased $177.2M YoY (+50%) driven by gold price; net earnings up $64.4M YoY; Skouries capex $135.6M in Q1 alone; total debt $1,230.8M

revenuenet earningsepscash flowproduction costsdebt

Risk Factors

Skouries project capital estimate increased by $155M to ~$1.315B; further overruns possible
Gold production declined 13% YoY; Kisladag output down 36% due to planned lower grades
Total cash costs rose to $1,470/oz from $1,153/oz YoY (+27%) due to higher royalties and inflation
Income tax expense surged to $111.0M from a $32.6M recovery YoY, compressing net earnings
Free cash flow deeply negative at -$129.1M due to heavy Skouries investment
CEO transition and integration of Foran Mining add execution complexity
Turkish mining law changes increased royalty rate bands, pressuring costs

Market Snapshot

Exchange

NYSE

Sector

Gold and Silver Ores

Analyst Consensus

42% bullish (12 analysts)

Documents Analyzed

This report is based on 10 SEC documents filed with EDGAR.

Document	Accession Number
6-K Filing (Primary)	0000918608-26-000013
Document: unauditedcondensedconsolid.htm	0000918608-26-000013
Document: ego6-k20260430fsmda.htm	0000918608-26-000013
Document: cfocertificationq12026-994.htm	0000918608-26-000013
Document: ceocertificationq12026-993.htm	0000918608-26-000013
Document: consentofjessythellandq120.htm	0000918608-26-000013
Document: consentofsimonhilleq12026-.htm	0000918608-26-000013
Document: 0000918608-26-000013-index-headers.html	0000918608-26-000013
Document: 0000918608-26-000013-index.html	0000918608-26-000013
Document: 0000918608-26-000013.txt	0000918608-26-000013

15 reports for EGO

T+1T+5T+20T+60

40% Hit rate 2 of 5 directional calls best @ T+5▲ +9.03%Apr 13, 2026

Filters

Reports for EGO — sortable, filterable
	Type				Now
Jun 8, 2026 1d ago	6-K BULLISH ★ 6/10	$30.13 awaiting T+5	awaiting T+5	—	$29.25 (−2.90%)
May 29, 2026 11d ago	6-K NEUTRAL ★ 2/10	$33.83 $31.61	▼ −6.56%	▼ −6.27%	$29.25 (−13.54%)
May 22, 2026 18d ago	6-K NEUTRAL ★ 3/10	$31.34 $33.40	▲ +6.57%	▲ +4.90%	$29.25 (−6.67%)
May 22, 2026 18d ago	6-K NEUTRAL ★ 2/10	$31.34 $33.40	▲ +6.57%	▲ +4.90%	$29.25 (−6.67%)
Apr 30, 2026 5w ago	6-K BULLISH ★ 7/10	$29.86 $33.15	▲ +11.02%	▲ +8.67%	$29.25 (−2.04%)
Apr 14, 2026 8w ago	6-K BULLISH ★ 7/10	$36.30 $31.83	▼ −12.31%	▼ −13.71%	$29.25 (−19.42%)
Apr 14, 2026 8w ago	Press Release BULLISH ★ 7/10	$36.30 $31.83	▼ −12.31%	▼ −13.71%	$29.25 (−19.42%)
Apr 13, 2026 8w ago	6-K NEUTRAL ★ 2/10	$36.89 $33.56	▼ −9.03%	▼ −12.32%	$29.25 (−20.71%)
Apr 13, 2026 8w ago	Press Release BEARISH ★ 5/10	$36.89 $33.56	▲ +9.03%	▲ +12.32%	$29.25 (+20.71%)
Apr 7, 2026 9w ago	6-K NEUTRAL ★ 5/10	$35.63 $34.74	▼ −2.50%	▼ −6.01%	$29.25 (−17.91%)

US Market Status

Market Closed — Opens Thu (10h 3m)

Related Tickers

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access