ELDORADO GOLD CORP /FI filed this 6-K on Oct 30, 2025

ELDORADO GOLD CORP /FI - 6-K - 20251030 - CASH_FLOW

Eldorado Gold Corporation

Condensed Consolidated Interim Statements of Cash Flows

For the three and nine months ended September 30, 2025 and 2024

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


		Three months ended				Nine months ended
		September 30,				September 30,
	Note	2025		2024		2025		2024
Cash flows generated from (used in):
Operating activities
Net earnings from continuing operations		$	56,176	$	101,035	$	269,969	$	192,549
Adjustments for:
Depreciation and amortization		63,342		64,944		190,374		180,608
Finance costs	10	8,221		3,476		21,134		10,529
Interest income	9	(8,561)		(6,060)		(25,782)		(17,346)
Foreign exchange (gain) loss		(694)		1,797		23,991		3,134
Income tax expense	11	53,917		28,223		54,604		65,986

Loss (gain) on disposal of assets		441		273		(6,618)		830
Unrealized loss on derivative contracts	9	22,194		33,055		66,844		61,908

Write-down of assets		3,261		2		8,426		1,412

Share-based payments expense	13	6,802		4,083		15,347		9,808
Employee benefit plan expense		719		1,115		2,820		3,153
Non-cash gain on deferred consideration	4	—		(60,000)		—		(60,000)
		205,818		171,943		621,109		452,571
Property reclamation payments		(1,284)		(926)		(3,688)		(2,419)
Employee benefit plan payments		(298)		(255)		(1,087)		(1,175)

Income taxes paid		(29,316)		(10,308)		(120,136)		(59,349)
Interest received		8,561		6,060		25,782		17,346
Changes in non-cash operating working capital	14	(13,273)		14,385		(63,194)		(18,575)
Net cash generated from operating activities of continuing operations		170,208		180,899		458,786		388,399
Net cash (used in) generated from operating activities of discontinued operations		(151)		(75)		158		(293)

Investing activities
Additions to property, plant and equipment		(242,517)		(169,337)		(592,207)		(423,117)
Capitalized interest paid		(8,437)		(9,136)		(28,457)		(23,224)

Proceeds from the sale of property, plant and equipment		244		232		724		248

Proceeds from sale of mining licenses		—		—		2,500		—
Value added taxes related to mineral property expenditures, net		(5,954)		(5,968)		(7,005)		(8,593)
Cash received from deferred consideration	4	60,000		—		60,000		—
(Purchase) sale of investments in marketable securities		(13,961)		—		141,117		(11,130)
Deposits on property, plant and equipment		(1,484)		—		(10,750)		—
Decrease in other investments		—		—		—		1,136


Net cash used in investing activities of continuing operations		(212,109)		(184,209)		(434,078)		(464,680)


Financing activities
Issuance of common shares for cash, net of share issuance costs		1,575		1,340		9,102		13,659
Contributions from (distributions to) non-controlling interests		53		—		(264)		173
Proceeds from Term Facility - Commercial loans and RRF loans	7	97,884		92,207		278,494		218,810
Proceeds from VAT Facility	7	26,329		18,034		63,888		37,340
Repayments of VAT Facility	7	(25,664)		(15,473)		(54,068)		(30,962)

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

Interest paid		(9,174)		(10,058)		(19,601)		(20,097)
Principal portion of lease liabilities		(1,401)		(1,202)		(3,927)		(3,366)
Purchase of shares for cancellation	12	(78,793)		—		(123,381)		—
Purchase of shares held in trust for restricted share units	12	(3,955)		—		(8,181)		(958)
Net cash generated from financing activities of continuing operations		6,854		84,848		140,690		212,398


Effect of exchange rates on cash and cash equivalents		410		—		21,740		—

Net (decrease) increase in cash and cash equivalents		(34,788)		81,463		187,296		135,824

Cash and cash equivalents - beginning of period		1,078,572		595,052		856,797		540,473
Change in cash in disposal group held for sale		151		75		(158)		293
Cash and cash equivalents - end of period		$	1,043,935	$	676,590	$	1,043,935	$	676,590