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Segment information
12 Months Ended
Dec. 31, 2025
Disclosure of operating segments [abstract]  
Segment information
33. Segment information
Identification of reportable segments
The Company has identified its operating segments based on the internal reports that are reviewed and used by the chief executive officer and the executive management (the chief operating decision makers or "CODM") in assessing performance and in determining the allocation of resources.
The CODM considers the business from both a geographic and product perspective and assesses the performance of the operating segments based on measures of profit and loss as well as assets and liabilities. These measures include earnings (loss) from mine operations, expenditures on exploration, income tax expense (recovery), property, plant and equipment and total debt. During the year ended December 31, 2025, Eldorado had four reportable segments based on the geographical location of mining and exploration and development activities.
Geographical segments
Geographically, the operating segments are identified by country and by operating mine. The Turkiye reporting segment includes the Kişladağ and the Efemçukuru mines and exploration activities in Turkiye. The Canada reporting segment 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. The Greece segment also includes the Stratoni mine and mill, which transitioned to care and maintenance during 2022. Financial information about each of these operating segments is reported to the CODM on a monthly basis. The mines in each of the reporting segments share similar economic characteristics and have been aggregated accordingly.
As at and for the year ended December 31, 2025TurkiyeCanadaGreeceOtherTotal
Earnings and loss information
Revenue$870,738 $658,220 $289,898 $— $1,818,856 
Production costs339,178 150,828 187,590 — 677,596 
Depreciation and amortization122,778 81,464 54,346 — 258,588 
Earnings from mine operations$408,782 $425,928 $47,962 $— $882,672 
Other significant items of income and expense
Write-down of assets$6,765 $1,479 $4,493 $— $12,737 
Exploration and evaluation expenses13,253 13,617 3,536 4,601 35,007 
Mine standby costs— 5,248 18,378 — 23,626 
Income tax expense (recovery)154,016 29,644 (139,169)(22,423)22,068 
Capital expenditure information
Additions to property, plant and equipment during the year (*)$176,440 $160,209 $634,914 $7,371 $978,934 
Capitalized interest— — 50,596 — 50,596 
Information about assets and liabilities
Property, plant and equipment$897,159 $837,068 $3,137,678 $13,659 $4,885,564 
Goodwill— 92,591 — — 92,591 
$897,159 $929,659 $3,137,678 $13,659 $4,978,155 
Debt$— $— $790,909 $484,143 $1,275,052 
* Presented on an accrual basis; excludes asset retirement adjustments. Excludes capital expenditure from discontinued operations.
33. Segment information (continued)
As at and for the year ended December 31, 2024TurkiyeCanadaGreeceOtherTotal
Earnings and loss information
Revenue$623,389 $473,037 $226,155 $— $1,322,581 
Production costs262,573 140,288 161,297 — 564,158 
Depreciation and amortization 125,581 71,799 54,070 — 251,450 
Earnings from mine operations$235,235 $260,950 $10,788 $— $506,973 
Other significant items of income and expense
Write-down of assets$3,938 $1,857 $340 $— $6,135 
Exploration and evaluation expenses9,637 10,062 495 3,594 23,788 
Mine standby costs— 1,583 9,686 — 11,269 
Income tax expense44,224 82,300 7,626 608 134,758 
Capital expenditure information
Additions to property, plant and equipment during the year1
$141,444 $104,616 $362,457 $11,748 $620,265 
Capitalized interest— — 33,839 — 33,839 
Information about assets and liabilities
Property, plant and equipment $839,030 $754,566 $2,511,051 $14,135 $4,118,782 
Goodwill— 92,591 — — 92,591 
$839,030 $847,157 $2,511,051 $14,135 $4,211,373 
Debt$— $— $424,422 $491,003 $915,425 

1 Presented on an accrual basis; excludes asset retirement adjustments. Excludes capital expenditure from discontinued operations.

For the year ended December 31, 2025, revenue from one customer that is the ultimate beneficiary of the Company’s Turkiye segment represents approximately $438.5 million (2024 – $419.6 million) of the Company’s total revenue. For the Company's Canadian segment, one customer accounted for revenue of $646.0 million (2024 – $468.2 million) of the Company’s total revenue.