A Canadian gold and base metals producer headquartered in Vancouver, Eldorado Gold digs for gold, silver, lead, and zinc at mines in Canada, Turkey, and Greece, including the Lamaque complex in Quebec and the Olympias mine in Greece. The company was founded in 1992 and took its name from the legendary "El Dorado," the mythical city of gold that Spanish explorers once hunted in the Americas. It grew over the decades by buying up other miners, including European Goldfields and Integra Gold.
Eldorado Gold announces board and executive leadership changes effective 2026
On July 30, 2026, Steven Reid stepped down as Chair and from the Board; Dan Myerson was appointed Chair and Patrick Godin Lead Independent Director.
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George Burns will retire as CEO effective September 30, 2026, and will remain on the Board.
Christian Milau will become President and CEO and join the Board effective September 30, 2026.
Frank Herbert will move to Senior Advisor effective September 30, 2026, ahead of retirement in Q2 2027; Tamiko Ohta will become SVP Legal and General Counsel.
Paul Ferneyhough's role expands to EVP Strategy and CFO; Louw Smith will leave Eldorado effective September 30, 2026, with Greece operations transitioning to Niklas Frank.
Eldorado Gold confirms CEO transition: George Burns retires Sept 30, 2026; Christian Milau to become CEO.
Frank Herbert will transition to Senior Advisor effective September 30, 2026, ahead of his planned retirement in Q2 2027; Tamiko Ohta will be appointed SVP, Legal and General Counsel.
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George Burns will retire as CEO of Eldorado Gold effective September 30, 2026, and will remain on the Board of Directors.
Christian Milau will become President and CEO and join the Board effective September 30, 2026.
Paul Ferneyhough's role expands to EVP, Strategy and CFO, adding oversight of Corporate Development and Legal.
Louw Smith will leave the company effective September 30, 2026, as the EVP Development, Greece role is eliminated; Niklas Frank will take over Greece operations.
Eldorado Gold renews NCIB to buy up to 13,065,993 common shares.
Eldorado Gold received TSX approval to renew its normal course issuer bid, allowing purchase of up to 13,065,993 common shares, representing 5% of shares outstanding as of July 27, 2026.
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The NCIB runs from August 5, 2026 to July 31, 2027, with purchases on TSX, NYSE, and alternative trading systems at market prices.
Under the prior NCIB, Eldorado bought 7,739,880 shares at a volume-weighted average price of C$43.56 per share.
Up to 12,865,993 repurchased shares will be cancelled; up to 200,000 will be held in trust for the RSU plan.
Eldorado entered an automatic share purchase plan to allow purchases during blackout periods.
Eldorado Gold reports Q2 2026 results; Skouries on track for Q3 2026 first production.
Q2 2026 gold production was 104,616 ounces; revenue was $487.5 million; net earnings attributable to shareholders were $172.8 million ($0.69 per share).
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Skouries project is 97% complete; first ore crushed in July; first concentrate expected Q3 2026, commercial production Q4 2026; capital estimate $1.315 billion.
McIlvenna Bay achieved first copper concentrate on June 7, 2026 and first zinc concentrate in July; ramp-up to commercial production expected Q3 2026.
2026 annual gold production guidance updated to 495,000–600,000 ounces, including McIlvenna Bay; excluding Skouries and McIlvenna Bay, guidance maintained at 430,000–490,000 ounces.
Leadership changes: George Burns to retire as CEO effective September 30, 2026; Christian Milau to become President and CEO; Dan Myerson appointed Chair; Q3 dividend of $0.075 per share declared.
Eldorado Gold reports Q2 2026 net earnings of $172.7M, up from $134.8M year-over-year
Revenue for Q2 2026 was $487.5M, up from $451.7M in Q2 2025; six-month revenue reached $1.02B.
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Net earnings attributable to shareholders were $172.8M ($0.69 basic EPS) for Q2 2026, compared to $138.0M ($0.67 basic EPS) in Q2 2025.
The company completed the acquisition of Foran Mining Corporation on April 14, 2026, adding $2.39B in share capital and $159.1M cash acquired.
Cash and cash equivalents decreased to $554.6M at June 30, 2026, from $869.4M at December 31, 2025, due to capital expenditures and the Foran acquisition.
Total assets increased to $10.25B from $6.73B at year-end 2025, primarily due to the Foran acquisition and increased property, plant and equipment.