Eldorado Gold

Eldorado Gold has announced the completion of the leadership change on the supervisory board. Dan Myerson was appointed chairman and Patrick Godin as lead independent director. Steven Reid has left as chairman and from the board; the changes are part of the succession and renewal process. Myerson joined the board after the takeover of Foran and had previously served as deputy chair, and Godin brings more than 40 years of mining experience. » Mere på de.investing.com

Eldorado Gold has processed ore for the first time in the crushing plant at the Skouries copper‑gold project. The company affirms its target to commence first production of copper‑gold concentrate in Q3 2026 and commercial production in Q4 2026, provided final power supply and regulatory sign‑offs are completed. The open‑pit mine is advancing faster than planned, total stockpiles amount to about 3.9 million tonnes, and the share is trading near its 52‑week high. » Mere på de.investing.com

Eldorado Gold reports higher revenues and profitability in Q1 2026 driven by significantly higher gold prices, while production volumes fell 13% to 100,358 ounces and operating costs increased markedly. Adjusted net income and EBITDA rose substantially, but free cash flow was negative due to high investments in Skouries; excluding Skouries spending it would have been positive. Major projects Skouries (94% complete, start-up planned for Q3 2026) and McIlvenna Bay are driving diversification but raise capital expenditure and currency risks. Management changes (CEO George Burns departing, Christian Milau promoted) and cost pressure at operations such as Kışladağ and Efemçukuru remain near- to mid-term risks; management expects production to increase by 2027 as projects ramp up. » Mere på de.investing.com

Eldorado Gold has completed the acquisition of all outstanding shares of Foran Mining; Foran is now a wholly owned subsidiary. The acquisition adds the McIlvenna Bay project in Saskatchewan to Eldorado’s portfolio, which contains copper, zinc, gold and silver. Eldorado plans to delist Foran’s shares from the TSX and OTCQX and to terminate Foran’s reporting obligations; registered Foran shareholders must submit a transfer letter. Eldorado’s shares are trading near their 52-week high; the company currently shows a dividend yield of 5.96%. » Mere på de.investing.com

Eldorado Gold will acquire all outstanding common shares of Foran Mining in a deal paying 0.1128 Eldorado shares plus CA$0.01 in cash per Foran share. Institutional Shareholder Services recommended shareholders support the transaction and Eldorado's board approved the agreement unanimously. Scotiabank slightly lowered its price target on Eldorado to $58 while maintaining an Outperform rating, citing ongoing progress at Skouries, Olympias and Perama Hill and the imminent closing of the Foran deal. » Mere på finance.yahoo.com