Market Cap Soars by $800 Million in a Day: Gold Mining Stocks Surge Over 6%

Eldorado Gold Corp. (NYSE: EGO) closed at $33.50, up 6.28%, boosting its market capitalization to approximately $8.8 billion. On the day alone, its market cap rose by about $590 million, and trading volume reached 1,278,085 shares.

In the first quarter, the company reported revenue of $532.4 million and earnings per share of $0.95, both beating market expectations. This month, Eldorado also published its 2025 Sustainability Report, updating its climate-change strategy and associated data.

In April, Eldorado completed its acquisition of Foran Mining for roughly $3.8 billion, accelerating the expansion of its copper and gold asset portfolio.

Headquartered in Vancouver, Canada, Eldorado Gold is a mid-tier gold miner operating gold and copper mines in Turkey, Greece and Canada, with growth centered on its Skouries and Lamaque projects.

The company has issued guidance aiming for up to a 40% increase in gold production over the three-year period starting in 2026, positioning it as a leveraged beneficiary of the current strong gold-price environment.