$ELD.TO

Eldorado Gold Produces Its First Copper Concentrate at McIlvenna Bay

Eldorado Gold (ELD.TO) on Monday said the first copper concentrate has been produced at itsd McIlvenna Bay Project in Saskatchewan.Wet commissioning of the McIlvenna Bay processing plant was completed recently, and following the start of hot commissioning, first copper concentrates were produced on June 7, the company said.The operating team is now focused on ramp-up toward the nameplate capacity of 4,900 tonnes per day, it said and added that key activities during the ramp-up period include optimizing the flotation circuit and reagent addition performance, and completing the paste plant and associated underground infrastructure, such as the paste plant reticulation to support ongoing mine and plant production ramp-up.The company expects to achieve commercial production at McIlvenna Bay in the third quarter of 2026."The adjacent Tesla Zone, a high-grade polymetallic discovery located near existing infrastructure, represents a compelling longer-term expansion opportunity at McIlvenna Bay," said the company. "Beyond testing for copper-rich extensions at Tesla, the exploration team will be drilling the Bigstone deposit with the objective of expanding that resource, drilling several advanced and early-stage targets and undertaking large-scale airborne and target-scale geophysical surveys to identify new and refine known targets for future drill testing."In addition, the team will be undertaking various ore body characterization studies to support both exploration vectoring and future resource development, the company added."Achieving first concentrate at McIlvenna Bay is a significant milestone, not just for Eldorado but for Canadian mining," said George Burns, Chief Executive Officer. "This project is a compelling example of Canada's ability to advance critical mineral assets responsibly and with conviction. McIlvenna Bay diversifies our revenue base with substantial copper and zinc production, and alongside our Skouries project in Greece, will transform Eldorado into a high-margin, free cash flow generating business. We are proud to become part of the Saskatchewan mining community and look forward to building lasting relationships with our employees, Indigenous rightsholders and local communities and all levels of government as we advance this exceptional asset together."The company's shares were last seen up $0.54 to $41.78 on the Toronto Stock Exchange.Price: $41.79, Change: $+0.55, Percent Change: +1.33%

RBC Precious Metals Price Target Changes Brief: B2Gold To US$5.75 From $6.50; Centerra To C$30 From $31; DPM To C$58 From $63; Eldorado To US$39 From $50

RBC Precious Metals Price Target Changes Brief: B2Gold To US$5.75 From $6.50; Centerra To C$30 From $31; DPM To C$58 From $63; Eldorado To US$39 From $50

RBC Precious Metals Price Target Changes Brief: Artemis To C$60 From $62; K92 To C$44 From $46; OceanaGold To C$72 From $78; Alamos To US$52 From $63

RBC Precious Metals Price Target Changes Brief: Artemis To C$60 From $62; K92 To C$44 From $46; OceanaGold To C$72 From $78; Alamos To US$52 From $63

Eldorado Gold Maintained at Hold at Stifel Canada Following Q1 Results; Price Target Kept at C$65.00

Stifel Canada on Friday maintained its hold rating on the shares of Eldorado Gold (ELD.TO, EGO) and its C$65.00 price target following the miner's first-quarter results."Eldorado reported Q1/26 adjusted EPS of $0.95 vs. our $0.80 (consensus $0.67) and adjusted EBITDA of $336Mln vs our $307Mln on a 1.6% attributable gold production of 100.4Koz (-19% QoQ) vs. our 98.8Koz - in-line with H2-weighted FY26 guidance of 490-590Koz. Q1/26 FCF was -$129.1Mln (-$62.9Mln ex-Skouries) vs. our -$83.4Mln, driven by $135.6Mln of Skouries project capital and $48.5Mln of accelerated operational capital spent. Skouries first concentrate remains on track for Q3/26 with commercial production in Q4/26 and total project capital revised up by $155Mln to $1.315Bln due to labour, project support and overhead, materials and F/X impacts. FY26 consolidated gold production (H2-weighted) and cost guidance was maintained at 490-590Koz (ex-Skouries) at TCC of $1,220-$1,420/oz and AISC of $1,670-$1,870/oz. George Burns will retire as CEO in Q3/26; President Christian Milau will succeed him and join the Board," analyst Ralph Profiti wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $40.01, Change: $-1.96, Percent Change: -4.67%

Eldorado Gold Adds Excluding Skouries Total Cash Costs For FY Expected to be Between US$1,220 to $1,420 Per Ounce Sold and Average AISC of $1,670 to $1,870 Per Ounce Sold

Eldorado Gold Says Production Continues To Be Weighted To Second Half of the Year

Eldorado Gold Maintaining Its 2026 Annual Production Guidance of 490,000 to 590,000 Ounces of Gold

Eldorado Gold Says Skouries "Steadily Advancing" Towards First Concentrate Production

Eldorado Gold Q1 Adjusted Net Earnings Attributable to Holders US$188.2M, or $0.95 EPS

Eldorado Gold Q1 Revenue US$532.4M

BMO Resumes Coverage of Eldorado Gold with Outperform Rating, C$82.00 Price Target

BMO Capital Markets on Wednesday resumed coverage of Eldorado Gold (ELD.TO,EGO) with an outperform rating and a lowered priced target of C$82.00 after the company closed its acquisition of Foran Mining.The transaction adds the McIlvenna Bay project in Saskatchewan to Eldorado's portfolio, diversifying both jurisdictional and commodity exposure while providing a clear pathway for Eldorado to produce about one-million gold-equivalent ounces by 2030, BMO said."We believe this transaction could also increase free cash flow generation, particularly if commodity prices remain elevated," BMO said.Price: $48.23, Change: $-1.80, Percent Change: -3.60%

RBC Says Q1 Seasonally Weak for Gold Equities

RBC Capital Markets said Wednesday that the first quarter represents a seasonally weak period for operating results of gold equities.According to RBC, the market is expected to focus on forward-looking statements on the impact of higher gold and energy prices to costs, as well as emerging inflationary pressures."Although we expect no formal cost guidance revisions across our coverage, commentary on potential changes into mid-year updates could present surprise risk," RBC said.RBC said Alamos (AGI.TO), Barrick Mining (ABX.TO), Eldorado Gold (ELD.TO), G Mining (GMIN.TO), SSR Mining (SSR.TO) and Wheaton Precious Metals (WPM.TO) have outlined materially softer first quarter.RBC said companies with key upcoming deliverables into the first quarter include B2Gold (BTO.TO), Barrick, Alamos, Agnico Eagle (AEM.TO), Centerra (CG.TO), Franco Nevada (FNV.TO), Iamgold (IMG.TO), K92 (KNT.TO), Kinross (K.TO), Lundin Gold (LUG.TO), Orla Mining (OLA.TO), OR Royalties (OR.TO) and Wesdome (WDO.TO).According to RBC, gold equity valuations at spot have expanded in recent weeks, but are still reasonably attractively valued.Price: $66.72, Change: $-0.42, Percent Change: -0.63%

Eldorado Gold Says Completed Acquisition of Foran Mining

Eldorado Gold Price Target Lowered to US$40 at TD

TD Securities lowered its price target on Eldorado Gold Corp. (ELD.TO, EGO) to US$40 from US$45 on Tuesday.Analyst Steven Green maintained a Hold rating on shares of the Canadian gold and base metals producer."We have updated our model to reflect EGO's acquisition of Foran Mining Corp. (FOM.TO), which is nearing close," Green said in a note to clients."While the transaction moves the centre of gravity toward Canada, improving the geopolitical risk profile, we view the deal as relatively expensive at ~1.5x NAV and near-term dilutive," the analyst said."We expect execution overlap with Skouries and limited near-term FCF to weigh on sentiment."