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Canadian gold miner operating mines in Turkey and Greece, developing the Skouries copper-gold project.
Canadian gold miner operating mines in Turkey and Greece, developing the Skouries copper-gold project.
Sells gold and a little base-metal concentrate at market prices, so the controllable factors are ounces produced and unit cost. Output is split between Turkey, Quebec and Greece, giving it exposure to Turkish and Greek permitting and politics. Skouries in Greece, a copper-gold mine, is its biggest development project and would shift the mix toward copper.
Moat: narrow (installed base, process know-how). Long-life heap-leach and underground gold mines plus copper-gold optionality from Skouries.
Headquarters: Vancouver, Canada · Founded: 1992 · Employees: 8,006
Size Eldorado Gold (ELD.TO) is a Canada Materials company (Precious Metals) with a market value of $9.37B, the 78th largest of 420 Canada companies the cockpit tracks. Shares closed at C$50.24 on 6 Nov 2026.
Performance Over six months the shares gained 11.1%, against -7.6% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 24.6% over the last twelve months (peer median +57.5%); the operating margin is 45.0% (peer median 46.4%).
Valuation It trades at 7.7× forward earnings against a peer median of 10.7× (6th cheapest of 21).
Capital Return on invested capital runs 1.8 points below its cost of capital (9.9% WACC).
Credit Eldorado Gold has 1 bond outstanding ($500M), rated BB- by the agencies and trading like BB- at a weighted spread of 208 bp.
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$2.93B | C$2.54B | C$1.81B | C$1.36B | C$1.13B |
| Revenue growth | — | +40% | +33% | +20% | — |
| Gross profit | C$1.40B | C$1.14B | C$635M | C$298M | C$148M |
| EBITDA | C$1.66B | C$1.43B | C$925M | C$592M | C$399M |
| Net income | C$927M | C$709M | C$396M | C$137M | -C$555M |
| Free cash flow | -C$1.19B | -C$268M | C$15.2M | -C$64.9M | -C$148M |
| Capital expenditure | C$2.04B | C$1.21B | C$814M | C$542M | C$377M |
| Total debt | C$2.84B | C$1.77B | C$1.34B | C$861M | C$693M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Eldorado Gold ELD.TO | $9.37B | +11% | +25% | 45% | 7.7× | n/a |
| B2Gold BTO.TO | $7.19B | +13% | +72% | 46% | 6.1× | -7.0% |
| Equinox Gold EQX.TO | $13.5B | -17% | +63% | 36% | 9.7× | 21.0% |
| Centerra Gold CG.TO | $4.25B | +27% | +44% | 27% | 12.4× | 6.5% |
| Kinross Gold K.TO | $26.4B | -25% | +30% | 51% | 8.5× | -3.9% |
| OceanaGold OGC.TO | $6.27B | -5% | +56% | 44% | 7.1× | -5.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ELD.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.9% | +2.4% | 7th lowest of 21 |
| 6-month return | +11.1% | -7.6% | 4th highest of 21 |
| Distance from 52-week high | -27.7% | -33.8% | 9th highest of 21 |
| Revenue growth (TTM) | +24.6% | +57.5% | 2nd lowest of 21 |
| Operating margin | 45.0% | 46.4% | 9th lowest of 21 |
| Forward P/E | 7.7× | 10.7× | 6th cheapest of 21 |
| ROIC minus cost of capital | -1.8 pp | +15.0 pp | 2nd lowest of 21 |
| EV / EBITDA | 9.2× | 8.1× | 6th most expensive of 19 |
| Net debt / EBITDA | 1.3× | -0.0× | 2nd most indebted of 19 |
| Bond spread | 208 bp | 263 bp | tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eldorado Gold ELD.TO | Canada | $9.37B | +11% | +25% | 45% | 7.7× | n/a | n/a |
| China Gold International Resources CGG.TO | Canada | $9.08B | +10% | +53% | 56% | 9.7× | 5.2% | +10.4% |
| Harmony Gold Mining Co. Ltd. Sponsored ADR HMY | United States | $9.84B | -3% | +50% | 45% | 5.3× | -14.1% | +17.7% |
| Hecla Mining HL | United States | $9.90B | -21% | +30% | 48% | 18.1× | 8.0% | +15.0% |
| G Mining Ventures GMIN.TO | Canada | $9.98B | -10% | +72% | 66% | 19.4× | n/a | n/a |
| DPM Metals DPM.TO | Canada | $8.61B | +18% | +96% | 55% | 10.1× | 5.1% | +8.6% |
| Shanjin International Gold 000975.SZ | China | $10.2B | -6% | -4% | 36% | 15.2× | -5.7% | +16.7% |
| IAMGOLD IMG.TO | Canada | $10.8B | +6% | +83% | 48% | 9.1× | 1.4% | +19.1% |
| Chifeng Jilong Gold Mining 6693.HK | Hong Kong | $11.1B | -24% | +29% | 43% | 12.9× | 11.0% | +21.8% |
| Zhaojin Mining Industry 1818.HK | Hong Kong | $7.87B | -42% | +49% | 34% | 17.0× | -2.5% | +17.9% |
| First Majestic Silver AG.TO | Canada | $7.52B | -27% | +96% | 44% | 18.1× | 9.2% | +29.2% |
| Compania de Minas Buenaventura SAA Sponsored ADR BVN | United States | $7.25B | -21% | +64% | 45% | 6.5× | -14.1% | +20.7% |
| B2Gold BTO.TO | Canada | $7.19B | +13% | +72% | 46% | 6.1× | -7.0% | +12.3% |
| OR Royalties OR.TO | Canada | $6.81B | 0% | +68% | 77% | 29.5× | n/a | n/a |
| Artemis Gold ARTG.V | Canada | $6.76B | +18% | +148% | 71% | 11.3× | 6.6% | n/a |
| Triple Flag Precious Metals TFPM.TO | Canada | $6.54B | +1% | +45% | 63% | 24.7× | n/a | n/a |
| Alamos Gold AGI.TO | Canada | $13.4B | -22% | +41% | 57% | 11.3× | 7.8% | +20.3% |
| Equinox Gold EQX.TO | Canada | $13.5B | -17% | +63% | 36% | 9.7× | 21.0% | +17.5% |
| Endeavour Mining EDV.TO | Canada | $13.7B | -10% | +27% | 47% | 9.3× | -6.5% | +25.4% |
| Sibanye Stillwater Limited Sponsored ADR SBSW | United States | $6.30B | -29% | +59% | 26% | 5.9× | n/a | n/a |
| OceanaGold OGC.TO | Canada | $6.27B | -5% | +56% | 44% | 7.1× | -5.4% | +29.2% |
Eldorado Gold has 1 bond outstanding with $500M face value. The agencies rate it BB-; its bonds trade like BB-. Weighted yield 6.65%, a spread of 208 bp over government bonds.