Eldorado Gold appoints Christian Milau as president

VANCOUVER - Eldorado Gold Corporation (TSX:ELD) (NYSE:EGO), a mining company with a market capitalization of $4.6 billion and an impressive GREAT financial health score according to InvestingPro, announced Friday that Christian Milau will join the company as President effective September 12, 2025.

Milau brings over 25 years of experience in finance, capital markets and mining, most recently serving as Chief Executive Officer of Saudi Discovery Company, a private copper and gold exploration company. He previously led Equinox Gold from 2016 to 2022, transforming it from a single-asset developer to a multi-mine producer with eight operating mines. He joins Eldorado at a time when the company has demonstrated strong performance, with revenue growing 42% in the last twelve months and maintaining a healthy gross profit margin of 59%.

With this appointment, current President and CEO George Burns will transition to the role of Chief Executive Officer, while Milau will oversee operations in Canada and Türkiye, technical services, exploration, finance, human resources, and health, safety and sustainability.

"Christian is a proven leader who will complement our executive team and help unlock the full potential of our business," said Steven Reid, Chair of the Board, in a press release statement.

Burns added that Milau’s appointment comes at a key time as the company approaches completion of its Skouries copper-gold mine, which is expected to enter production next year. According to InvestingPro analysis, the company is currently trading near its 52-week high, with analysts having revised their earnings expectations upward for the upcoming period. Get access to 8 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.

As part of his transition to Eldorado, Milau will step down from his current non-executive board positions with several gold and copper companies including New Gold Inc., Northern Dynasty Minerals Ltd., Arras Minerals Corp. and Copper Standard Resources Inc.

Eldorado Gold operates mining, development and exploration operations in Türkiye, Canada and Greece. The company maintains a moderate debt level with a debt-to-equity ratio of 0.29 and strong liquidity, as evidenced by a current ratio of 3.23. Discover detailed insights about Eldorado Gold and 1,400+ other companies through comprehensive Pro Research Reports, available exclusively on InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.