Eldorado Gold’s 2027 Outlook: Two New Mines Turning On at Once, With 40% Production Growth Guided

Eldorado Gold is positioned for significant growth in 2027 with two major mining projects—Skouries in Greece and McIlvenna Bay in Saskatchewan—coming online simultaneously, guiding for approximately 40% gold production growth. The company achieved 40% revenue growth in fiscal 2025 with 41% operating margins, though it faces near-term pressure from negative free cash flow of $195 million due to heavy capital expenditures and past project overruns. The stock trades at an attractive P/E of 10.07, but valuation assumes successful project execution.