Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, and Greece. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects. It has three geographical segments: The Turkiye reporting segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkiye. The Canada reporting segment that derives maximum revenue, includes Lamaque and exploration activities in Canada. The Greece reporting segment includes the Olympias mine, the Skouries and Perama Hill projects and exploration activities in Greece.
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The chart shows the growth of an initial investment of $10,000 in Eldorado Gold Corporation, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Eldorado Gold Corporation (EGO) has returned -1.92% so far this year and 128.38% over the past 12 months. Looking at the last ten years, EGO has achieved an annualized return of 8.63%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Eldorado Gold Corporation (EGO) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 17.56% | 18.74% | -26.41% | -0.14% | ||||||||
| 2025 | -0.39% | -9.59% | 19.72% | 12.68% | 9.78% | -1.26% | -1.39% | 19.65% | 14.73% | -11.80% | 22.54% | 13.13% |
| 2024 | -5.50% | -16.01% | 33.36% | -1.52% | 12.53% | -8.53% | 14.21% | 1.71% | 1.64% | -1.53% | -8.52% | -6.42% |
| 2023 | 12.34% | -2.10% | 9.40% | 6.15% | -15.65% | 6.20% | -3.54% | -0.21% | -8.14% | 23.83% | 21.24% | -1.52% |
| 2022 | -4.79% | 23.31% | 1.91% | -12.67% | -14.67% | -21.21% | -1.12% | -10.39% | 11.05% | -9.55% | 31.62% | 6.50% |
| 2021 | -18.83% | -10.88% | 0.47% | -10.35% | 17.39% | -17.50% | -7.81% | -5.80% | -12.66% | 15.02% | 1.13% | 1.96% |
| 2020 | -10.78% | 20.36% | -32.05% | 53.73% | -6.67% | 15.34% | 30.74% | -9.22% | -9.83% | 17.32% | -7.38% | 7.89% |
| 2019 | 30.66% | 13.87% | 9.20% | -10.34% | -9.93% | 52.76% | 36.52% | 24.02% | -17.86% | 9.21% | -6.89% | 2.82% |
| 2018 | -10.96% | -19.08% | -20.00% | 11.98% | 19.15% | -12.08% | 10.10% | -10.11% | -10.80% | -23.99% | -16.54% | -0.69% |
| 2017 | 8.62% | -12.82% | 12.54% | 7.33% | -15.75% | -12.87% | -18.46% | -1.90% | 5.77% | -42.92% | -11.72% | 25.44% |
| 2016 | 37.13% | -1.17% | 5.88% | -10.89% | -21.46% | 23.97% | -19.59% | -16.72% | 17.95% |
The charts below present risk-adjusted performance metrics for Eldorado Gold Corporation (EGO) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of EGO compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Eldorado Gold Corporation volatility is 4.01%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Eldorado Gold and Foran Mining are urging shareholders to vote in favor of their proposed merger arrangement scheduled for April 7, 2026. Under the deal, Foran shareholders will receive 0.1128 Eldorado shares plus C$0.01 per Foran share. The combined entity is expected to generate $2.1 billion in EBITDA and $1.5 billion in free cash flow in 2027, with two development projects advancing toward production in mid-2026 and Q3 2026.
Fairfax Financial Holdings has entered into a voting support agreement to vote its 17.6% stake (expanding to 21.6% post-conversion) in favor of Foran Mining's proposed plan of arrangement with Eldorado Gold Corporation. The transaction aims to create a high-quality, Canadian-based mining company with significant copper reserves and a compelling growth profile, pending shareholder approval.
Eldorado Gold Corporation has entered into a Memorandum of Understanding with G Mining Services Inc. to establish a strategic engineering and construction alliance supporting project delivery across Eldorado's portfolio, including Perama Hill, Lamaque Complex, Skouries, Olympias, and McIlvenna Bay. The partnership aims to enhance project readiness, delivery certainty, and capital efficiency by leveraging G Mining's proven engineering and execution capabilities.
Leading proxy advisory firm ISS has recommended Foran Mining shareholders vote in favor of the proposed arrangement with Eldorado Gold. Under the deal, Eldorado will acquire all outstanding Foran shares, with each shareholder receiving 0.1128 Eldorado shares and $0.01 cash per Foran share. ISS cited strategic rationale including diversification, growth potential, and financial flexibility. Foran's board unanimously supports the arrangement, and shareholders are urged to vote before the April 2, 2026 deadline.
Eldorado Gold Corporation announced key leadership appointments to strengthen operations and project execution. Simon Hille was promoted to Executive Vice President and Chief Operating Officer, overseeing global operations, projects, and exploration. Gordana Vicentijevic was appointed Senior Vice President of Projects, effective May 4, 2026, bringing extensive experience in large-scale project delivery from her previous role at Equinox Gold.
The gold sector is experiencing a strategic rotation toward fully permitted, de-risked assets with simple metallurgy and clear production pathways. Institutional capital is driving this shift amid a weakening dollar and global uncertainty, with record ETF inflows in February 2026. Major gold companies are advancing key projects and expanding reserves.
Foran Mining Corporation has announced the mailing of a joint management information circular for special meetings of its securityholders and Eldorado Gold shareholders regarding their previously announced combination. The transaction is expected to position the combined entity to deliver peer-leading near-term growth with two fully financed development projects advancing toward commercial production in mid-2026 and Q4 2026, while generating approximately $2.1 billion in EBITDA and $1.5 billion in free cash flow in 2027. Foran's board unanimously recommends securityholders vote in favor of the arrangement, with voting deadline set for April 2, 2026.
Eldorado Gold announced the mailing of a joint management information circular for its combination with Foran Mining Corporation. The transaction is expected to deliver peer-leading growth with two fully financed development projects advancing toward production in 2026, generating approximately $2.1 billion EBITDA and $1.5 billion free cash flow in 2027. Leadership changes include CEO George Burns retiring in Q3 2026, with President Christian Milau assuming the role, while Board Chair Steven Reid plans to retire in 2027.
Gold prices have surged with tight physical supply, making mining stocks more attractive than physical gold. The article highlights several precious metals companies as strong investment opportunities, including Hecla Mining, First Majestic Silver, Alamos Gold, Kinross Gold, and Eldorado Gold. CF Industries is also discussed as a cyclical fertilizer play benefiting from strong farming demand.
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