Eldorado Gold Q2 2026: Kisladag Cuts Overshadow $4,379 Gold Price
As seen on the 24/7 Wall St. homepage on July 30, 2026.
Eldorado Gold missed both EPS and revenue as planned production cuts at Kisladag offset a surge to $4,379 per ounce gold prices, but Skouries is 97% complete with first concentrate coming in Q3 and the company acquired McIlvenna Bay to bolster growth through 2026.
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Eldorado Gold reported Q2 2026 earnings per share of $0.54, falling about 4.5% short of the consensus estimate of $0.57. Revenue came in at $487.5 million, also missing expectations of roughly $496.9 million by just under 2%. Despite a gold price surge to $4,379 per ounce — a figure that would normally lift any gold miner's results — planned production cuts at the Kisladag mine were enough to drag both headline numbers below what analysts had penciled in.
The miss lands against a mixed recent earnings track record. Eldorado beat estimates comfortably in Q4 2024 ($0.62 reported vs. $0.43 estimated) and posted a strong Q1 2026 beat ($0.95 vs. $0.68 estimated), but has struggled to clear the bar in the intervening quarters. That Q1 2026 outperformance now stands as the high-water mark in the eight-quarter history shown in the company's filing.
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The forward story centers on two developments. The Skouries project in Greece is 97% complete, with first concentrate expected in Q3 2026 — a milestone that has been long anticipated by investors watching the company's capital spending cycle. Eldorado also acquired McIlvenna Bay during the period, a move the company described as bolstering growth through 2026. Whether Skouries delivers on schedule and how McIlvenna Bay is integrated will be the key questions heading into the next quarterly report.
Mentioned: EGO