Eldorado Gold Corporation

Notable vs. Peers

• Financials score of 3.1/10 is weaker than the peer average of 6.4/10.

Lifecycle Milestones

1. Permit granted

   Jan 2022 · Anchored to Skouries securing its EUR680M project financing and board construction approval in 2022, which presupposes the underlying environmental/mining permits (a long, contested Greek permitting history for this specific project). Not a company-wide date across the older Lamaque/Kisladag/Efemcukuru/Olympias operations, each permitted separately over decades. · Source
2. Construction decision (FID)

   Jan 2022 · Skouries board construction approval and EUR680M project financing announced 2022, per Eldorado's own release. · Source
3. Construction start

   Jun 2022 · Approximate -- Skouries construction ramped through 2022 following the financing/approval above. Lamaque/Kisladag/Efemcukuru/Olympias have each been in continuous production for years; this row reflects Skouries specifically, the live construction-stage project. · Source
4. First pour / production

   Reached — date not disclosed · Approximate -- Lamaque (Eldorado's current largest producer) has been in continuous production since 2019-2020; current company-wide production status is directly evidenced by Q2 2026 group output of 104,616 oz across Lamaque, Kisladag, Efemcukuru, and Olympias. Skouries' own first production is still pending (targeted Q3-Q4 2026) and is deliberately not asserted here. [Task #697 chronology ruling, 2026-08-25] achievedDate cleared (was 2020-01-01). This single row was responsible for THREE of Task #696's flagged inversions on this ticker (PERMIT_GRANTED, CONSTRUCTION_DECISION and CONSTRUCTION_START all appearing to postdate first production). It was never a real assertion: the note above calls it "Approximate" and describes a RANGE ("continuous production since 2019-2020") rounded to 1 January, for the Lamaque mine -- whereas the three rows it contradicts are all SKOURIES, a different project whose own first production the note explicitly and correctly declines to assert ("still pending, targeted Q3-Q4 2026"). So the row was comparing a rounded portfolio-wide approximation against three precise single-project dates. This miner's COMMERCIAL_PRODUCTION row already handles exactly this with achievedDate=null and a "no single company-wide commercial-production date exists across a multi-mine portfolio" hedge; this row now matches it. All Lamaque/Kisladag/Efemcukuru research above is preserved, as is the Q2 2026 production evidence, and the lifecycle gate reading this row is unaffected (hasMilestone() keys on disputed). · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists across a multi-mine portfolio (Lamaque in Quebec, Kisladag and Efemcukuru in Turkiye) built over decades, with the new Skouries copper-gold project (Greece) on track for first production Q3 2026 (not yet part of this claim). Q2 2026 results (released 2026-07-30) reported 104,616 oz gold produced across the three existing mines (Lamaque 52,340 oz, Kisladag 19,108 oz, Efemcukuru 18,019 oz). This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.