Eldorado Gold Increases Mineral Reserves by 5% to 12.5 Million Ounces
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2025
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Source: Newsfilter
- Reserve Growth: As of September 30, 2025, Eldorado Gold's mineral reserves increased by approximately 5% to 12.5 million ounces, primarily driven by a 25% increase at the Lamaque Complex, which strengthens the foundation for a robust production outlook over the next decade.
- Successful Resource Conversion: At the Lamaque Complex, successful resource conversion at the Ormaque and Triangle zones not only offset depletion at key operations but also achieved the highest reserve estimate since acquisition in 2017, indicating significant long-term growth potential.
- Exploration Success: Eldorado's inferred mineral resources increased by nearly 21%, primarily from additions in the sulfide zone at Perama Hill in Greece and at Bonnefond near the Lamaque Complex, which not only extends mine life but also advances near-mine opportunities.
- Future Investment Plans: In 2026, Eldorado will continue to prioritize investments in organic growth through exploration and new discoveries, demonstrating the company's strong commitment to exploration and resource development aimed at capturing future growth opportunities.
Analyst Views on EGO
Wall Street analysts forecast EGO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EGO is 36.45 USD with a low forecast of 28.00 USD and a high forecast of 46.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
5 Buy
2 Hold
1 Sell
Moderate Buy
Current: 40.610
Low
28.00
Averages
36.45
High
46.00
Current: 40.610
Low
28.00
Averages
36.45
High
46.00
About EGO
Eldorado Gold Corporation is a Canada-based gold and base metals producer with mining, development and exploration operations in Turkiye, Canada and Greece. The Company operates four mines: Kisladag, Efemcukuru, Lamaque, and Olympias. The Kisladag, Efemcukuru and Lamaque mines are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. Kisladag is a low-grade, bulk-tonnage, open-pit operation that uses heap leaching for gold recovery. It is located in Usak Province in western Turkiye. Efemcukuru is a high-grade, underground operation located in Izmir Province in western Turkiye. The Lamaque Complex is located in Val-d'Or, Quebec. It includes the Triangle mine, the Ormaque mine, the Parallel deposit, the Plug #4 deposit, and the Sigma Mill. Olympias is a gold-silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece. It also operates the Bruell Gold Project 51 claim property in Vauquelin township, Quebec.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
