Eldorado Gold (TSX:ELD) Is Down 7.4% After Earnings Double On Lower Output And Buybacks - Has The Bull Case Changed?
In April 2026, Eldorado Gold Corporation reported first-quarter net income of US$136.38 million, with basic earnings per share doubling to US$0.69 year over year despite a 13% drop in gold production to 100,358 ounces. The quarter also marked meaningful progress on the Skouries and McIlvenna Bay projects, alongside the launch of a sustainable dividend and over US$80 million of share repurchases, signaling management’s confidence in the company’s capital allocation priorities. Next, we’ll...
In April 2026, Eldorado Gold Corporation reported first-quarter net income of US$136.38 million, with basic earnings per share doubling to US$0.69 year over year despite a 13% drop in gold production to 100,358 ounces. The quarter also marked meaningful progress on the Skouries and McIlvenna Bay projects, alongside the launch of a sustainable dividend and over US$80 million of share repurchases, signaling management’s confidence in the company’s capital allocation priorities. Next, we’ll...