Eldorado Gold reports Q2 2026 results; Skouries on track for Q3 2026

(All amounts expressed in U.S. dollars unless otherwise noted) VANCOUVER, British Columbia, July 30, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado”, "Eldorado Gold" or “the Company”) (TSX: ELD) (NYSE: EGO) today reports the Company’s financial and operational results for the second quarter of 2026. For further information, please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis ("MD&A") filed on SEDAR+ at www.sedarplus.com under the Company’s profile. Second Quarter 2026 Highlights Operations Gold production: 104,616 ounces.

Gold sales : 102,691 ounces at an average realized gold price per ounce sold ( 1 ) of $4,379. Total cash costs (1) : $1,432 per ounce sold. All-in sustaining costs ("AISC") (1) : $1,926 per ounce sold.

Total capital expenditures: $441.3 million, including $154.6 million of project capital and $59.6 million of accelerated operational capital at Skouries, and $78.1 million project capital invested at McIlvenna Bay. Growth capital (1) at the operating mines totalled $91.1 million and sustaining capital (1) at operating mines totalled $35.0 million. Financial Revenue : $487.5 million.

Production costs: $184.8 million. Net cash generated from operating activities from continuing operations: $149.5 million. Cash flow from operating activities before changes in working capital (1) : $103.1 million.

Cash and cash equivalents: $554.6 million, as at June 30, 2026. Cash decreased by $314.8 million compared to Q4 2025, primarily due to growth capital investment, share buybacks, repayments of the VAT Facility, dividend payments, and income taxes paid. These cash outflows are offset partly by cash generated from operating activities, drawdowns on the Credit Facility and Term Facility as well as cash received on the acquisition of Foran Mining Corporation ("Foran"). ( 2 ) Net earnings attributable to s