Gold Miners Show New Discipline as Prices Rise, Says Eldorado’s President

Christian Milau, President of Eldorado Gold (TSX: ELD; NYSE: EGO), joins Kitco Mining’s Paul Harris at the Future Minerals Forum 2026 to discuss leadership transition, capital discipline, and a major shift in the company’s cash generation profile.Milau says that despite strong gold prices, gold equities have not yet attracted the level of generalist interest he would have expected. He argues this cycle differs from past gold booms, with producers operating more conservatively and prioritizing balance sheet strength and shareholder returns over aggressive expansion. At Eldorado, that discipline is reflected in share buybacks already underway and the consideration of dividends even as the company completes a large, capital-intensive development.He highlights Eldorado’s focused portfolio in Greece, Turkey, and Canada, with Skouries in northern Greece nearing first concentrate and expected to materially lift cash flow as it moves toward commercial production. Milau describes the company as “turning to a cashflow inflection point, probably mid next year, where the cash will start coming in,” creating flexibility to reduce debt, increase shareholder returns, expand exploration, and advance projects internally. While open to selective opportunities, he says large-scale M&A is not required, with organic execution and disciplined capital allocation guiding the strategy.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.00:27 – Leadership Changes in the Gold Mining Sector02:02 – Gold Prices, Equity Performance, and Investor Interest03:03 – Capital Discipline, Buybacks, and Dividends in Gold Mining07:57 – Eldorado Gold’s Portfolio Focus and Growth Strategy12:47 – M&A Outlook and Industry Consolidation14:50 – Middle Eastern Capital and Changing Mining Investment Dynamics16:16 – Key Catalysts Ahead for Eldorado Gold17:02 – Closing Remarks from Future Minerals Forum 2026__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.