$EGO

Gold prices fell 1% to $4,649.10/oz after a hotter-than-expected US inflation report, retreating from a three-month high. Spot gold is still up 14% in August. Silver also declined. The Fed's preferred inflation gauge, PCE, rose 3.7% YoY in July, above forecasts. Investors await Fed Chair Warsh's speech at Jackson Hole for further rate guidance. Gold's recent rally was driven by US Treasury bond market intervention and ETF inflows. Miners like Agnico Eagle and AngloGold have seen significant gain

Eldorado Gold (EGO) reported Q2 2026 revenue of $487 million and adjusted net earnings of $137 million, or $0.54 per share, up from $452 million and $90 million a year earlier. Gold sales were 103,000 ounces at $4,379/oz. Free cash flow was negative $334 million as Skouries and McIlvenna Bay capex continued. CEO George Burns plans to transition out this quarter.

A Toronto brokerage, Maison Placements, says U.S. debt and central-bank gold buying could extend gold’s bull market, forecasting gold at $6,000/oz. It cites $39T U.S. federal debt and official-sector demand. It also names gold miners it rates, including Agnico Eagle (3.4M oz, AISC $1,400), Barrick, Lundin Gold, B2Gold, and Endeavour.

Eldorado Gold (TSX: ELD, NYSE: EGO) said Skouries in Northern Greece has entered commissioning and first ore has been processed through the crushing circuit. The company targets first copper-gold concentrate in Q3 2026 and commercial production in Q4 2026, subject to final site energization and sign-off. It reports about 3.9 million tonnes of ore stockpiles.

Eldorado Gold said all director nominees listed in its May 7, 2026 management proxy circular were elected at its June 23, 2026 annual meeting. It also reported shareholder approval of independent auditors, board-setting of auditor fees, and an advisory vote on executive compensation. The company welcomed Patrick Godin to the board and thanked Stephen Walker and Hussein Barma.

Scotiabank analyst Tanya Jakusconek said gold equities look attractively valued versus historical levels on metrics including FCF yield, EV/EBITDA, P/CF and P/NAV, naming operators such as BTO, SSRM, EDV, EGO, CGAU, HMMC and OGC (2027-28) and streamers RGLD and TFPM. Wells Fargo warned of potential severe oil shocks if the Strait of Hormuz stays closed, rating VLO, MPC, DK and PSX Overweight and COP and OXY top picks. RBC’s Maurice Choy reported selective investor interest at its power conferenc

Eldorado Gold said its McIlvenna Bay underground mine in Saskatchewan produced first copper concentrate after wet commissioning of the processing plant was completed. The operation is ramping toward 4,900 tonnes/day nameplate capacity, with commercial production expected in Q3. Analysts said the milestone de-risks the project; TD Securities values it at about $1.24B.

Eldorado Gold said its McIlvenna Bay underground mine in Saskatchewan produced first copper concentrate after wet commissioning of the processing plant was completed. The company is ramping toward nameplate capacity of 4,900 tonnes/day, with commercial production expected in Q3. Analysts said the milestone reduces project risk; TD Securities values McIlvenna Bay at about $1.24B.

Eldorado Gold (TSX: ELD, NYSE: EGO) published its 2025 Sustainability Report covering Jan. 1–Dec. 31, 2025, with historical 2023–2025 GHG data, according to the company. Highlights include a 57% decrease in potentially fatal occurrence frequency, $7.6m community investment (+68% YoY), 0.42 tCO2e/oz Au Scope 1–2 intensity, and 76% water recycled. The report also notes a new sustainability data centre.

Gold prices have risen above $4,500/oz on sovereign-debt worries, dollar weakness, and central bank bullion buying, according to the article. It highlights four gold/copper miners trading under $45—Barrick ($41.28), Kinross ($28.68), Harmony ($17.19), and Eldorado ($31.69)—citing recent revenue/EPS and free-cash-flow figures, plus risks like production guidance, taxes, and geopolitics.