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Dec 31, 2024
Eldorado Gold Q4 2024 Earnings Report
Eldorado Gold delivered strong Q4 2024 results with significant revenue growth and positive free cash flow.
Key Takeaways
Eldorado Gold reported strong Q4 2024 results, with revenue increasing by 42% year-over-year to $435.7 million. Gold production grew to 155,668 ounces, supported by higher mining rates at Kisladag and Lamaque. Adjusted EBITDA rose to $246.7 million, and free cash flow improved significantly. The company continues to focus on cost management and production growth.
Q4 revenue increased by 42% year-over-year to $435.7 million.
Gold production reached 155,668 ounces, up from 143,166 ounces in Q4 2023.
Adjusted EPS rose to $0.62, compared to $0.24 in Q4 2023.
Free cash flow increased to $74.6 million, reflecting improved financial performance.
Eldorado Gold
Eldorado Gold
Eldorado Gold Revenue by Segment
Revenue by Segment
Kisladag Revenue
CapyFin.comLamaque Revenue
CapyFin.comEfemcukuru Revenue
CapyFin.comOlympias Revenue
CapyFin.com Forward Guidance
Eldorado Gold expects higher gold production in 2025, driven by operational efficiencies and expansion projects. Cost control measures and a favorable gold price environment are expected to support strong financial performance.
Positive Outlook
- FY 2025 gold production guidance of 500,000 to 550,000 ounces.
- Revenue growth expected with higher production and gold prices.
- Free cash flow expected to remain positive with cost optimizations.
- Capital expenditures focused on sustaining and growth initiatives.
- Continued progress on Skouries project development.
Challenges Ahead
- AISC expected to remain high due to sustaining capital investments.
- Inflationary pressures may impact cost structures.
- Production at Efemcukuru may remain below prior levels.
- Regulatory and permitting risks in key jurisdictions.
- Foreign exchange fluctuations could impact profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income