Eldorado Gold Achieves Higher-End of 2025 Production Guidance; Appoints Dr. Sally Eyre to the Board of Directors; Details 2026 Reporting Schedule and Provides Q4 2025 Conference Call Details (All dollar figures are in US dollars, unless otherwise stated)
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NEWS RELEASE
TSX: ELD NYSE: EGO January 20, 2026
Eldorado Gold Achieves Higher-End of 2025 Production Guidance;
Appoints Dr. Sally Eyre to the Board of Directors;
Details 2026 Reporting Schedule and Provides Q4 2025 Conference Call Details
(All dollar figures are in US dollars, unless otherwise stated)
VANCOUVER, BC – Eldorado Gold Corporation (TSX:ELD) (NYSE:EGO) (“Eldorado” or “the Company”)
announces fourth quarter 2025 preliminary gold production of 123,418 ounces, and full year preliminary gold
production of 488,268 ounces. Fourth quarter production was driven by strong results at the Lamaque Complex, while
Olympias benefited from improved processing stability, bringing production back in line with expectations. In addition,
Kisladag and Efemcukuru delivered solid production in line with expectations . Detailed production, by asset, is
outlined in the table below.
2025 Preliminary Gold Production
Gold Production (oz)
Full Year 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2025
Lamaque Complex 187,208 49,307 46,823 50,640 40,438
Kisladag 168,701 41,141 37,184 46,058 44,319
Efemcukuru 72,482 14,497 17,586 21,093 19,307
Olympias 59,877 18,473 13,597 15,978 11,829
Total Gold
Production (oz) 488,268 123,418 115,190 133,769 115,893
Canada
Lamaque Complex
The Lamaque Complex delivered strong gold production both in the fourth quarter and for the year. Since commercial
production was declared in 2019, a total of approximately 1.12 million ounces have been produced to the end of 2025.
During the fourth quarter, production increased slightly over the third quarter driven by higher ore grade and mill
throughput. Production during the year benefited from the higher grade Ormaque bulk sample, record mill throughput
and continued operational excellence.
Turkiye
Kisladag
At Kisladag, fourth quarter gold production increased slightly over the third quarter , reflecting disciplined execution
and solid operational delivery.
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Efemcukuru
At Efemcukuru, fourth quarter gold production was lower compared to the third quarter as a result of lower grade due
to planned mine sequencing. The mine delivered on its 11th consecutive year of achieving annual production guidance,
demonstrating the site’s dedication to continuous improvement and performance.
Greece
Olympias
At Olympias, fourth quarter gold production increased approximately 36% from the previous quarter, driven by
improved processing stability following challenges earlier in the year. Adjustments to the paste backfill blend and
ongoing mitigation measures supported consistent plant operations , resulting in higher throughput and recoveries ,
which delivered increased production.
Dr. Sally Eyre Appointed to the Board of Directors
Dr. Sally Eyre was appointed to the Board of Directors effective January 1, 2026. Dr. Eyre is a geologist and mining
finance professional with over 30 years of experience in global resource capital markets and mining operations.
Currently, she is an independent board member of Ero Copper Corporation. Dr. Eyre previously served as a non -
executive director of Equin ox Gold Corporation, Senior Independent Director of Centamin plc and a non -executive
director of Adventus Mining Corporation. During 2011 to 2014 , she served as President and Chief Executive Officer
of Copper North Mining and, prior thereto, served as Senior Vice President, Operations at Endeavour Mining,
responsible for exploration, development and production projects in West Africa. Dr. Eyre served as President and
Chief Executive Officer of Etruscan Resources Inc. (now Endeavour Mining Corp.), a gold company with producing
assets in West Africa. She served as Director of Business Development for Endeavour Financial Ltd. and has held
executive positions with a number of Canadian resource companies.
Dr. Eyre has a Ph.D. in Economic Geology from the Royal School of Mines, Imperial College, London. Dr. Eyre is a
member of the Society of Economic Geologists (SEG); a member of the Institute of Corporate Directors; and a former
Director of the SEG Canada Foundation.
Her experience provides valuable technical insight and strategic perspective as Eldorado advances its
transformational growth projects and long-term value creation strategy.
Q4 2025 & Full Year 2025 Financial and Operational Results Call Details
Eldorado will release its 2025 Year-End and Fourth Quarter Financial and Operational Results after the market closes
on Thursday, February 19, 2026, and will host a conference call on Friday, February 20, 2026, at 11:30 AM ET (8:30
AM PT). The call will be webcast and can be accessed at Eldorado Gold’s website: www.eldoradogold.com, or via:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=HLGSU5AR
Conference Call Details Replay (available until April 3, 2026)
Date: February 20, 2026 Vancouver: +1 412 317 0088
Time: 11:30 AM ET (8:30 AM PT) Toll Free: 1 855 669 9658
Dial in: +1 647 846 2782 Access code: 5447764
Toll free: 1 833 752 3325
Participants may elect to pre -register for the conference call via this link:
https://dpregister.com/sreg/10205013/100877522c1. Upon registration, participants will receive a calendar invitation
by email with dial in details and a unique PIN. This will allow participants to bypass the operator queue and connect
directly to the conference. Registration will remain open until the end of the conference call.
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Additionally, the Company plans to release guidance for 2026 and an updated three-year outlook, in conjunction with
its 2025 full-year results on Thursday, February 19, 2026.
2026 Reporting Schedule
The Company intends to report, and host conference call s led by senior management, as set out in the table below.
The Company reserves the right to amend the schedule in its discretion and will inform the market of any changes.
Event Result Date Conference Call Date
Fourth Quarter and Full Year 2025 February 19, 2026 February 20, 2026
First Quarter 2026 April 30, 2026 May 1, 2026
Second Quarter 2026 July 30, 2026 July 31, 2026
Third Quarter 2026 October 29, 2026 October 30, 2026
About Eldorado
Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada,
Türkiye and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations,
a portfolio of high -quality assets, and long -term partnerships with local communities. Eldorado's common shares
trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Contact
Investor Relations
Lynette Gould, VP, Investor Relations, Communications & External Affairs
647 271 2827 or 1 888 353 8166
Media
Chad Pederson, Director, Communications and Public Affairs
236 885 6251 or 1 888 353 8166
Qualified Person
Except as otherwise noted, Simon Hille, FAusIMM , Executive Vice President, Technical Services and Operations, is
the Qualified Person under NI 43 -101 responsible for preparing and supervising the preparation of the scientific or
technical information contained in this news release and verifying the tec hnical data disclosed in this document
relating to our operating mines and development projects.
Jessy Thelland, géo (OGQ No. 758), a member in good standing of the Ordre des Géologues du Québec, is the
qualified person as defined in NI 43 -101 responsible for, and has verified and approved, the scientific and technical
data contained in this news release for the Lamaque Complex.
Data verification was completed through a site by site internal control process which confirmed ounces produced to
internal reporting systems.