Eldorado Gold

OverviewSuggest Edit

Eldorado Gold Corporation is a gold and base metals producer. The company engages in various mining activities, including exploration, development, production, and reclamation. It builds and operates mines, regional exploration offices, and proven and probable reserves.

TypePublic
Founded1992
HQVancouver, CA
Websiteeldoradogold.com
Employee Ratings4.4
Overall CultureB

Latest Updates

Employees (est.) (Dec 2019)2,967(+8%)
Job Openings1
Revenue (FY, 2021)$940.9 M(-8%)
Share Price (Aug 2022)C$7.5(-2%)
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Eldorado Gold

George Burns

George Burns

President and Chief Executive Officer
Philip Yee

Philip Yee

Executive Vice President and Chief Financial Officer
Joseph Dick

Joseph Dick

Executive Vice President and Chief Operating Officer
Timothy Garvin

Timothy Garvin

Executive Vice President and General Counsel
Cara Allaway

Cara Allaway

Vice President of Finance
Christos Balaskas

Christos Balaskas

Vice President and General Manager, Greece
Show more

Eldorado Gold Office Locations

Eldorado Gold has offices in Vancouver, Val-d'Or, Bridgetown and Amsterdam
Vancouver, CA (HQ)
550 Burrard St
Val-d'Or, CA
300 3e Avenue E
Bridgetown, BB
White Park House, White Park Road
Amsterdam, NL
Barbara Strozzilaan 101
Show all (4)

Eldorado Gold Financials and Metrics

Eldorado Gold Revenue

Embed Graph
View revenue for all periods
Eldorado Gold's revenue was reported to be $940.91 m in FY, 2021
USD

Revenue (Q1, 2022)

194.7m

Gross profit (Q1, 2022)

90.1m

Gross profit margin (Q1, 2022), %

46.3%

Net income (Q1, 2022)

(384.2m)

EBITDA (Q1, 2022)

34.6m

EBIT (Q1, 2022)

(380.9m)

Market capitalization (3-Aug-2022)

1.4b

Closing stock price (3-Aug-2022)

7.5

Cash (31-Mar-2022)

374.7m

EV

1.5b
Eldorado Gold's current market capitalization is C$1.4 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

459.0m617.8m1.0b940.9m

Cost of goods sold

(269.4m)(334.8m)(445.2m)(449.7m)

Gross profit

189.6m283.0m581.5m491.2m

Gross profit Margin, %

41%46%57%52%
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

80.0m173.7m172.3m204.7m255.9m287.6m224.6m233.2m238.4m194.7m

Cost of goods sold

(51.9m)(100.9m)(84.8m)(101.4m)(109.5m)(117.4m)(108.6m)(112.8m)(110.2m)(104.6m)

Gross profit

28.1m72.8m87.9m103.3m146.7m170.2m116.8m120.4m128.3m90.1m

Gross profit Margin, %

35%42%51%50%57%59%52%52%54%46%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

200.6m173.8m371.1m401.3m

Accounts Receivable

56.9m52.8m47.8m40.8m

Prepaid Expenses

15.7m11.8m19.4m17.8m

Inventories

137.9m163.2m176.3m178.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

220.8m115.1m130.0m308.8m435.5m451.0m530.9m409.7m439.3m374.7m

Accounts Receivable

66.4m82.5m77.6m38.2m45.7m34.8m33.7m24.3m66.3m30.7m

Prepaid Expenses

10.6m14.0m16.2m14.0m17.0m22.4m13.3m

Inventories

140.9m132.3m151.5m165.6m162.8m169.2m170.5m170.8m170.7m185.7m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(379.6m)73.7m97.4m11.1m

Depreciation and Amortization

105.7m155.3m248.8m202.9m

Inventories

20.8m(16.4m)(3.2m)(16.1m)

Accounts Payable

(14.2m)25.6m43.4m(6.9m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

(27.4m)(18.2m)(42.5m)(5.5m)38.2m71.1m10.2m(48.2m)(28.8m)(384.2m)

Depreciation and Amortization

17.1m58.3m117.2m52.9m111.8m230.8m56.9m108.4m216.4m51.2m

Inventories

(4.3m)5.4m(12.4m)(831.0k)3.9m(10.0k)1.7m(6.9m)(5.5m)(10.7m)

Accounts Payable

1.3m15.5m9.8m(12.0m)(4.0k)16.9m(5.9m)(13.1m)(9.0m)(20.7m)
USDFY, 2018

Revenue/Employee

130.1k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.4 x
Show all financial metrics

Eldorado Gold Revenue Breakdown

Embed Graph

Eldorado Gold revenue breakdown by business segment: 100.0% from EXPLORATION & DEVELOPMENT PROJECTS

Eldorado Gold revenue breakdown by geographic segment: 29.1% from CANADA, 51.7% from TURKEY and 19.3% from GREECE

Eldorado Gold Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Eldorado Gold Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Eldorado Gold Online and Social Media Presence

Embed Graph

Eldorado Gold Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    B

    70/100

  • Compensation

    A

    78/100

Learn more on Comparably

Eldorado Gold News and Updates

Eldorado Gold Reports Q2 2022 Financial and Operational Results; Updates Full-Year Consolidated Cost Guidance

VANCOUVER, British Columbia, July 28, 2022 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) today reports the Company’s financial and operational results for the second quarter of 2022. For further information, please see the Company’s Consolidated Financial Statements a…

Eldorado Gold Announces Improved Second Quarter 2022 Preliminary Production; Maintains Full-Year Consolidated Production Guidance; Provides Conference Call Details

VANCOUVER, British Columbia, July 13, 2022 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces second quarter 2022 preliminary gold production of 113,462 ounces and maintains full-year consolidated production guidance of 460,000 to 490,000 ounces. Detailed product…

Eldorado Gold Announces Election of Directors and Voting Results from Annual Meeting of Shareholders

VANCOUVER, British Columbia, June 10, 2022 (GLOBE NEWSWIRE) --  Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to announce that all director nominees, as listed in the Management Proxy Circular dated April 25, 2022, were elected as directors of Eldorado at the Company’s Annual …

Eldorado Gold Releases 10th Annual Sustainability Report

VANCOUVER, British Columbia, May 31, 2022 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to release its 2021 Sustainability Report (the “Report”), which includes details of the Company’s environmental, social and governance (“ESG”) performance. The Report is…

Eldorado Gold Announces First Quarter 2022 Preliminary Production; Maintains Full Year Production Guidance; Provides Conference Call Details

VANCOUVER, British Columbia, April 13, 2022 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces first quarter 2022 preliminary gold production of 93,209 ounces and maintains full year production guidance of 460,000 to 490,000 ounces. Production during January and …

Eldorado Gold Files Technical Reports for Skouries and Lamaque

VANCOUVER, British Columbia, March 31, 2022 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation ("Eldorado" or the "Company") today filed two separate technical reports for its Skouries and Lamaque projects (the “Technical Reports”). Further to the Company’s news releases dated December 15, 2021 (Eldora…
Show more

Eldorado Gold Blogs

Our 2021 Sustainability Report is now Online!

Our newly published 2021 Sustainability Report showcases Eldorado’s commitment and progress towards building a safe, sustainable, high-quality business in the gold mining sector. This is our 10th annual sustainability report. Over the last decade, the expectations of sustainability reports have evol…

Planting the Seeds of Higher Education

Does education have the power to transform lives? At Eldorado Gold, we know it does –and we also know that its power is exponential. One educated person can improve their own socioeconomic position, while also elevating their family. Likewise, several educated persons living in a village can lift up…

Eldorado Gold Breaks New Ground by Cultivating Insightful Leaders

As part of our commitment to building safe, inclusive and innovative operations, Eldorado Gold coined our “Valuable Leadership” model last year. It creates clarity on the behaviours we wish to see more of throughout our workplace. To cultivate the right habits, we partnered with the NeuroLeadership …

Sustainability from the Ground Up: what responsible mining means to us

At Eldorado Gold, sustainability is more than just a word.  It’s at the core of all that we do. “Responsible business practices are at the heart of our business,” explains George Burns, our President and CEO.  “For us, responsible mining means delivering on our commitments to execute on safe, inclus…

Our Sustainability Framework: Eldorado’s Rock-Solid Foundation

From project inception to operation, closure and continued care, every mine is unique and involves an incredible amount of people from diverse backgrounds to operate responsibly. But long before first shovels break new ground, our approach begins with an understanding of the framework in which every…

A New Beginning for Eldorado Gold in Greece

Here at Eldorado Gold, we are working to build a leading mining jurisdiction in northern Greece.  To realize the full potential of our polymetallic Skouries, Olympias and Stratoni mines (collectively known as the Kassandra Mines), we recently signed an amended Investment Agreement with the Hellenic …
Show more

Eldorado Gold Frequently Asked Questions

  • When was Eldorado Gold founded?

    Eldorado Gold was founded in 1992.

  • Who are Eldorado Gold key executives?

    Eldorado Gold's key executives are George Burns, Philip Yee and Joseph Dick.

  • How many employees does Eldorado Gold have?

    Eldorado Gold has 2,967 employees.

  • What is Eldorado Gold revenue?

    Latest Eldorado Gold annual revenue is $940.9 m.

  • What is Eldorado Gold revenue per employee?

    Latest Eldorado Gold revenue per employee is $317.1 k.

  • Who are Eldorado Gold competitors?

    Competitors of Eldorado Gold include Banro Corp, Scorpio Gold and Detour Gold.

  • Where is Eldorado Gold headquarters?

    Eldorado Gold headquarters is located at 550 Burrard St, Vancouver.

  • Where are Eldorado Gold offices?

    Eldorado Gold has offices in Vancouver, Val-d'Or, Bridgetown and Amsterdam.

  • How many offices does Eldorado Gold have?

    Eldorado Gold has 4 offices.