ELDORADO GOLD CORP /FI filed this 6-K on Jul 31, 2025

ELDORADO GOLD CORP /FI - 6-K - 20250731 - CASH_FLOW

Eldorado Gold Corporation

Condensed Consolidated Interim Statements of Cash Flows

For the three and six months ended June 30, 2025 and 2024

(Unaudited – in thousands of U.S. dollars)


		Three months ended				Six months ended
		June 30,				June 30,
	Note	2025		2024		2025		2024
Cash flows generated from (used in):
Operating activities
Net earnings from continuing operations		$	138,927	$	56,372	$	213,793	$	91,514
Adjustments for:
Depreciation and amortization		66,415		60,320		127,032		115,664
Finance costs	10	669		7,085		12,913		7,053
Interest income	9	(8,964)		(6,235)		(17,221)		(11,286)
Foreign exchange loss (gain)		18,122		(325)		24,685		1,337
Income tax expense	11	33,295		21,711		687		37,763

Loss (gain) on disposal of assets		229		375		(7,059)		557
Unrealized (gain) loss on derivative contracts	9	(18,740)		11,966		44,650		28,853

Write-down of assets		2,476		688		5,165		1,410

Share-based payments expense	13	4,183		3,676		8,545		5,725
Employee benefit plan expense		1,087		864		2,101		2,038

		237,699		156,497		415,291		280,628
Property reclamation payments		(1,609)		(658)		(2,404)		(1,493)
Employee benefit plan payments		(369)		(326)		(789)		(920)
Income taxes paid		(42,705)		(29,567)		(90,820)		(49,041)
Interest received		8,964		6,235		17,221		11,286
Changes in non-cash operating working capital	14	(43,813)		(19,936)		(49,921)		(32,960)
Net cash generated from operating activities of continuing operations		158,167		112,245		288,578		207,500
Net cash generated from (used in) operating activities of discontinued operations		118		(328)		309		(218)

Investing activities
Additions to property, plant and equipment		(191,195)		(133,092)		(349,690)		(253,780)
Capitalized interest paid		(10,904)		(5,180)		(20,020)		(14,088)

Proceeds from the sale of property, plant and equipment		382		4		480		16

Proceeds from sale of mining licenses		2,500		—		2,500		—
Value added taxes related to mineral property expenditures, net		(14,357)		(6,021)		(1,051)		(2,625)

Sale (purchase) of investments in marketable securities		—		—		155,078		(11,130)
Deposit on property, plant and equipment		(3,650)		—		(9,266)		—
Decrease in other investments		—		—		—		1,136


Net cash used in investing activities of continuing operations		(217,224)		(144,289)		(221,969)		(280,471)


Financing activities
Issuance of common shares for cash, net of share issuance costs		5,214		7,703		7,527		12,319
(Distributions to) contributions from non-controlling interests		(317)		—		(317)		173
Proceeds from Term Facility - Commercial loans and RRF loans	7	180,610		111,291		180,610		126,603
Proceeds from VAT Facility	7	21,803		13,789		37,559		19,306
Repayments of VAT Facility	7	(10,014)		(15,489)		(28,404)		(15,489)

Term Facility commitment fees		(1,372)		(2,201)		(1,372)		(2,201)

Interest paid		(1,965)		(1,692)		(10,427)		(10,039)

Principal portion of lease liabilities		(1,180)		(1,052)		(2,526)		(2,164)
Purchase of shares for cancellation	12	(44,588)		—		(44,588)		—
Purchase of shares held in trust for restricted share units	12	(2,416)		—		(4,226)		(958)
Net cash generated from financing activities of continuing operations		145,775		112,349		133,836		127,550


Effect of exchange rates on cash and cash equivalents		13,712		—		21,330		—

Net increase in cash and cash equivalents		100,548		79,977		222,084		54,361
Cash and cash equivalents - beginning of period		978,142		514,747		856,797		540,473
Change in cash in disposal group held for sale		(118)		328		(309)		218
Cash and cash equivalents - end of period		$	1,078,572	$	595,052	$	1,078,572	$	595,052