Eldorado Gold Turns Corner with Record Production, New Dividend Policy

VANCOUVER, BC – November 15, 2025 – Eldorado Gold Corporation is signaling a potential turnaround after reporting record third-quarter production and announcing a new dividend policy, indicating growing confidence in its operational performance and financial health. While geopolitical risks continue to pose challenges, analysts believe the company is strategically positioned for future growth.

For years, Eldorado Gold faced headwinds from fluctuating gold prices, operational difficulties, and political uncertainty, particularly concerning its Turkish operations. Now, the company appears to be turning a corner, driven by improvements at its core mines and strategic investment.

Record Production Fuels Optimism

The Vancouver-based gold producer reported Q3 production of 156,300 ounces, a record for the company. This performance exceeded expectations and fueled a 15% increase in the company's stock price since the earnings release. The results were driven by strong performances at the Kisladag and Efemcukuru mines in Turkey, as well as continued production from its Canadian operations.

“The record production figures demonstrate the effectiveness of our operational improvements,” said a company spokesperson. “We’ve focused on optimizing our processes and leveraging technology to enhance efficiency and reduce costs.”

Independent analysis confirms the positive trend. According to Metals Focus, Eldorado Gold’s production growth places it among the top 15 gold producers globally.

New Dividend Policy Signals Confidence
The company also announced a new dividend policy, aiming to return 25-35% of its free cash flow to shareholders. Based on current projections, this translates to an estimated annual dividend of $37.5 to $63 million.

“The dividend policy demonstrates our commitment to returning value to shareholders,” a source familiar with the company’s strategy noted. “It’s a clear signal that we believe in our long-term prospects.”

Financial analysts estimate the dividend is well-covered by projected free cash flow, though a significant drop in gold prices could pressure the payout. The payout ratio is in line with industry peers, lending further confidence in the sustainability of the policy.

Geopolitical Risks Remain a Watchpoint

Despite the positive developments, Eldorado Gold continues to navigate significant geopolitical risks, particularly in Turkey. The country's regulatory environment remains unpredictable, and political instability poses ongoing challenges.

“Turkey is a key part of Eldorado Gold’s production profile, but it also represents a significant risk,” a geopolitical analyst commented. “Changes in regulations or political instability could disrupt operations and impact future production.”

The company is actively mitigating these risks through diversification, community engagement, and proactive communication with government officials. Eldorado Gold's operations in Canada and the United States provide some geographical diversification, reducing its overall exposure to any single country.

Cost Control and Strategic Investments

Eldorado Gold has also been focused on cost control and strategic investments to improve its long-term profitability. The company is currently expanding the Kisladag mine in Turkey, with the project expected to add 50,000 to 60,000 ounces of annual production by 2026.

Additionally, Eldorado Gold is transitioning the Efemcukuru mine to heap leaching, which is expected to reduce costs by 10-15% by 2027. These strategic investments are positioned to drive future growth and enhance the company’s competitive position.

“Eldorado Gold has made significant progress in optimizing its operations and reducing costs,” said a financial analyst covering the gold mining sector. “The company is well-positioned to benefit from rising gold prices and increasing investor demand.”

All-in Sustaining Cost Competitive with Peers

Eldorado Gold’s all-in sustaining cost (AISC) of $1,200 to $1,300 per ounce is competitive with industry averages. The company has managed to maintain cost control despite inflationary pressures, demonstrating its operational efficiency.

“Maintaining competitive costs is crucial in the gold mining industry,” said an industry expert. “Eldorado Gold has done a good job of managing its costs and improving its profitability.”

Looking Ahead

Eldorado Gold's turnaround story is still unfolding. The company faces ongoing challenges, including geopolitical risks and fluctuating gold prices. However, with record production, a new dividend policy, and strategic investments in cost control and expansion, Eldorado Gold appears to be on a path to sustainable growth. Analysts will be closely watching the company's performance in the coming quarters to assess its long-term prospects. The company's success will depend on its ability to navigate geopolitical challenges, maintain cost control, and execute its strategic investments effectively. Investors should monitor gold price trends and geopolitical developments in Turkey as key factors influencing Eldorado Gold’s trajectory.