Eldorado Gold Delivers Strong 2025 Full Year and Fourth Quarter Financial and Operational Results; Significant Free Cash Flow Excluding Skouries and Increased Cash Generated From Operating Activities

About this update from Eldorado Gold Corporation

[{"type":"image","alt":"Eldorado Gold Corporation","displaySize":"","headline":null,"caption":"Eldorado Gold Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":166,"url":"https://media.zenfs.com/en/globenewswire.com/3b54f0e4ce7fad43e1eb64711f1fbbaf"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fdL2RYlMYzh062n3h9yESQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/3b54f0e4ce7fad43e1eb64711f1fbbaf","width":300,"height":166}},"lazy":false},{"type":"text","content":"(All amounts expressed in U.S. dollars unless otherwise noted)","length":62,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the "Company”) today reports the Company’s financial and operational results for the fourth quarter and year ended December 31, 2025. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) filed on SEDAR+ at www.sedarplus.com  under the Company’s profile.","length":450,"tagName":"p"},{"type":"text","content":" Q4 2025 and Full-Year Summary ","length":29,"tagName":"p"},{"type":"text","content":" Operat ions ","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":" G old production: 123,416 ounces in Q4 2025. Full-year 2025 production of 488,268 ounces, achieving the higher-end of 2025 production guidance.","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":" Gold sales: 126,923 ounces in Q4 2025 at an average realized gold price per ounce sold (1) of $4,251, resulting in 491,204 ounces sold in 2025 at an average realized gold price per ounce sold of $3,505.","length":201,"tagName":"p"}]},{"val":[{"type":"text","content":" Production costs: $203.0 million in Q4 2025, and $677.6 million in 2025.","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":" Total cash costs ( 1 ) : $1,295 per ounce sold in Q4 2025, and $1,176 per ounce sold in 2025 came in at the low end of our tightened guidance range.","length":144,"tagName":"p"}]},{"val":[{"type":"text","content":" All-in sustaining costs (1) ("AISC"): $1,894 per ounce sold in Q4 2025 and $1,664 per ounce sold in 2025, within the tightened guidance range for the year.","length":164,"tagName":"p"}]},{"val":[{"type":"text","content":" Total capital expenditures: $309.2 million in Q4 2025, and $978.9 million in 2025, including $136.6 million and $475.2 million of construction project capital invested at our Skouries Project in the respective periods. Growth capital (1) at the operating mines of $218.3 million in 2025 was primarily focused at Kisladag, including waste stripping to support mine life extension, construction of the second phase of the North Heap Leach Pad ("NHLP"), and additional North Adsorption-Desorption-Recovery ("ADR") infrastructure. Sustaining capital (1) at operating mines totalled $169.1 million in 2025, including $94.1 million at the Lamaque Complex primarily related to underground development, equipment rebuilds, and expansion of the tailings management facility.","length":783,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1506,"olType":false},{"type":"text","content":" Financial ","length":9,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":" Revenue: $577.2 million in Q4 2025 and $1,818.9 million in 2025.","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":" Net cash generated from operating activities of continuing operations: $283.7 million in Q4 2025, and $742.5 million in 2025.","length":125,"tagName":"p"}]},{"val":[{"type":"text","content":" Cash flow from operating activities, before changes in working capital ( 2 ) : $230.0 million in Q4 2025, and $752.0 million in 2025.","length":129,"tagName":"p"}]},{"val":[{"type":"text","content":" Cash and cash equivalents: $869.4 million as at December 31, 2025, up from $856.8 million as at December 31, 2024.","length":124,"tagName":"p"}]},{"val":[{"type":"text","content":" Net earnings attributable to shareholders from continuing operations: $252.3 million in Q4 2025, and $519.9 million in 2025.","length":124,"tagName":"p"}]},{"val":[{"type":"text","content":" Adjusted net earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") (2) : $265.2 million in Q4 2025 and $836.2 million in 2025. These increases were primarily driven by higher net earnings in both periods. Quarter over quarter higher Adjusted EBITDA was partially offset by the removal of $27.4 million of unrealized gains on derivative instruments in Q4 2025, whereas year over year, Adjusted EBITDA was increased by adding back $39.4 million of unrealized losses on derivative instruments in 2025.","length":535,"tagName":"p"}]},{"val":[{"type":"text","content":" Adjusted net earnings from continuing operations (2) : $126.1 million or $0.63 per share in Q4 2025, and $354.9 million or $1.75 per share in 2025. Adjustments of non-recurring items in 2025 include removing a $177.7 million recovery on deferred tax assets, a $18.7 million gain on foreign exchange due to the translation of deferred tax balances, and a $39.4 million unrealized loss on derivative instruments, among other things. Adjusted net earnings in Q4 2025 removes a $104.2 million recovery on deferred tax assets, a $27.4 million unrealized gain on derivative instruments and a $3.9 million loss on foreign exchange due to the translation of deferred tax balances, among other items.","length":689,"tagName":"p"}]},{"val":[{"type":"text","content":" Free cash flow (2) : Negative $54.5 million in Q4 2025, and negative $232.9 million in 2025. Free cash flow excluding capital expenditures at Skouries (2) was $109.3 million in Q4 2025 and $315.6 million in 2025.","length":209,"tagName":"p"}]},{"val":[{"type":"text","content":" Skouries Project Term Facility: Drawdowns on the Skouries Project Term Facility were €238.8 million ($278.5 million) in 2025, with cumulative drawdowns as of December 31, 2025 totaling €680.4 million ($799.5 million). The Term Facility is fully drawn. ","length":251,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":2250,"olType":false},{"type":"readMore"},{"type":"text","content":""2025 was a year of strong execution and meaningful progress across our portfolio,” said George Burns, Chief Executive Officer. “We delivered gold production at the higher end of our production guidance with full-year gold production of 488,268 ounces, underpinned by another strong year at Lamaque, and consistent performance from Kisladag and Efemcukuru. Solid operating execution, supported by a favorable gold price environment, translated into strong financial results, including revenue of $1.8 billion, net cash generated from operating activities of $743 million, and free cash flow of $316 million, excluding Skouries. Supported by a strong balance sheet, we have the financial capacity to advance our growth pipeline while retaining flexibility to return capital to shareholders.”","length":795,"tagName":"p"},{"type":"text","content":"At Skouries, construction and commissioning advanced significantly. While near-term timing of first concentrate production at Skouries has shifted to early Q3, the fundamentals of the project remain compelling. Together with the Olympias expansion and progress at Perama Hill, Greece is positioned to deliver a step-change in contribution as we enter our next phase of growth. This is complemented by the Lamaque Complex, where Ormaque and a deep pipeline of high-quality exploration targets continue to reinforce long mine life potential, and by our Türkiye operations, which continue to provide a stable and cash-generating foundation.","length":637,"tagName":"p"},{"type":"text","content":"Our results in 2025 are a direct reflection of the commitment and capability of our employees and contractors across the organization. I want to thank our teams for their focus on safety, operational discipline, and collaboration throughout the year. Looking ahead to 2026, we remain focused on safely delivering Skouries, strengthening our operating foundation, and creating long-term value for our shareholders."","length":419,"tagName":"p"},{"type":"text","content":" Skouries Highlights ","length":19,"tagName":"p"},{"type":"text","content":"The Skouries Project, part of the Kassandra Mines Complex, is located within the Halkidiki Peninsula of Northern Greece and is a high-grade copper-gold project. In January 2022, Eldorado published the results of the Skouries Project Feasibility Study with a 20-year mine life and expected average annual production over the life of the mine of 140,000 ounces of gold and 67 million pounds of copper, or approximately 240,000 gold equivalent ounces. ( 3 ) ","length":451,"tagName":"p"},{"type":"text","content":"First production of the copper-gold concentrate is expected in early Q3 2026 and commercial production is expected in Q4 2026, with 2026 gold production projected to be between 60,000 and 100,000 ounces and copper production projected to be between 20 and 40 million pounds.","length":274,"tagName":"p"},{"type":"text","content":" Concentrate Off-Take Agreements ","length":31,"tagName":"p"},{"type":"text","content":"Commercial terms for concentrate off-take have been agreed to with counterparties and contract execution expected before the end of Q1. Negotiated concentrate off-take agreements will cover approximately 80% of the copper concentrate for a two to three year term depending on the agreement and we expect to achieve significantly better economic terms than those assumed in the 2022 feasibility study assumptions, as a result of better pricing and treatment charge conditions in the current market.","length":497,"tagName":"p"},{"type":"text","content":" Capital Estimate and Schedule ","length":29,"tagName":"p"},{"type":"text","content":"The capital cost estimate for Skouries is $1.16 billion (including recently announced foreign exchange impacts of $43 million and an additional $50 million related to the schedule impacts following a delay in first concentrate production). The project remains fully funded through projected equity contributions and project financing. The Term Facility totalling €680.4 million ($799.5 million) is fully drawn.","length":410,"tagName":"p"},{"type":"text","content":"Project capital totalled $136.6 million in Q4 2025 and $475.2 million during the year ended December 31, 2025. At December 31, 2025, cumulative project capital invested towards phase 2 of construction totalled $980.0 million.","length":225,"tagName":"p"},{"type":"text","content":"Accelerated operational costs of $178 million (including a recently announced $24 million increase related to acceleration of underground development and increased stope widths) include additional pre-commercial underground and open-pit mining and accelerate the purchase of higher capacity mobile mining equipment.","length":315,"tagName":"p"},{"type":"text","content":"Accelerated operational capital was $34.8 million in Q4 2025 and $86.1 million for 2025. As of December 31, 2025, cumulative accelerated operational capital totalled $93.1 million.","length":180,"tagName":"p"},{"type":"text","content":" Construction Activities ","length":23,"tagName":"p"},{"type":"text","content":"As at December 31, 2025, overall project progress was 90% when including the first phase of construction and 78% complete for phase 2 of construction.","length":150,"tagName":"p"},{"type":"text","content":" Primary Crusher Building ","length":24,"tagName":"p"},{"type":"text","content":"Progress continues on the construction of the crusher building structure with the concrete now complete. The primary crusher is mechanically complete and set in position, with work continuing on finalizing the electrical installations. Conveyors from the primary crusher through the coarse ore stockpile to the process plant have been installed and belt installations commenced in January 2026.","length":394,"tagName":"p"},{"type":"text","content":"The stockpile dome foundation is complete and assembly of the dome structure is progressing. Two of the three reclaim feeders and associated chute work have been installed, with pre-assembly underway on the remaining reclaim feeder. Installation of the prefabricated electrical distribution room was completed at the end of January 2026 with electrical cable installation and terminations in progress.","length":401,"tagName":"p"},{"type":"text","content":" Process Plant ","length":13,"tagName":"p"},{"type":"text","content":"Work in the process plant remains focused on mechanical installations, piping, cable tray and cabling in preparation for first ore. Recent inspections have identified the need to replace the cyclone feed pump variable speed drive capacitors in the process plant main mill discharge cyclone feed, which experienced moisture damage during storage. Temporary replacement equipment has been ordered and is expected to be installed in Q2 2026 with permanent equipment in Q3 2026. High and medium voltage electrical distribution from multiple substations within the process plant network are advancing, and the control building structure is complete with electrical work underway across all areas.","length":691,"tagName":"p"},{"type":"text","content":"The prefabricated electrical distribution room for the compressors has been installed, with cable and terminations progressing. The reagent areas are advancing in line with the commissioning plan through various stages of mechanical, piping and electrical installations.","length":270,"tagName":"p"},{"type":"text","content":" Thickeners ","length":10,"tagName":"p"},{"type":"text","content":"Two of the three tailings thickeners are mechanically complete, with electrical cabling and instrumentation installation underway. The third tailings thickener is not required for start-up and is progressing in line with the plan.","length":230,"tagName":"p"},{"type":"text","content":"Water testing has been completed and piping installations have advanced as the pipe rack installations are completed. Work is advancing on the associated infrastructure, including the pumphouse building piping and electrical work and tank installations in the flocculant building. Electrical installations and cable pulling in the thickeners’ secondary substation building are in progress.","length":389,"tagName":"p"},{"type":"text","content":" Filtered Tailings Facility ","length":26,"tagName":"p"},{"type":"text","content":"Work continues to progress on the filtered tailings plant, which remains on the critical path with electrical installation and commissioning being the final step. The cladding on the filtered tailings building commenced in February 2026.","length":237,"tagName":"p"},{"type":"text","content":"Mechanical work advanced with all six filter presses and associated swivel doors, feeders and conveyors completed. Pipe and cable tray installation are progressing. The compressor building steel structure is complete, and all six compressors and air receivers are mechanically complete.","length":286,"tagName":"p"},{"type":"text","content":"The filter plant tank farm construction has progressed with three tanks complete and the remaining two tanks assembled and water-tested, with internal coating work now underway. The clarifier water tank construction is progressing to plan.","length":239,"tagName":"p"},{"type":"text","content":"The prefabricated electrical distribution room has been installed, with cable tray and electrical installation advancing.","length":121,"tagName":"p"},{"type":"text","content":"Work continues on tailings handling infrastructure including a horizontal and downslope stacking conveyor system.","length":113,"tagName":"p"},{"type":"text","content":"The work on the tailings infrastructure has been impacted by recent rainfall above historic levels which is affecting certain construction accessibility and productivities.","length":172,"tagName":"p"},{"type":"text","content":" Powerline and Substations ","length":25,"tagName":"p"},{"type":"text","content":"The powerline, main and secondary substations are advancing to support start-up in early Q3 2026 . Power line connection delays have resulted from a slower than expected approval of the detailed engineering, which in turn delayed the ramp‑up of the subcontractor. Prior to commissioning final electrical regulatory authority approval requires completion of inspection and energization protocols.","length":394,"tagName":"p"},{"type":"text","content":" Commissioning Activities ","length":24,"tagName":"p"},{"type":"text","content":"Pre-commissioning of the concentrate filter presses has been completed, along with all water testing in the flotation cells and tanks. Pre-commissioning of the pebble crusher is complete, including first fills and completion of construction punch lists. The pebble crusher area has been energized, and hot commissioning of the conveying and process control systems has been completed. Pre-commissioning of the fire, utility, and process water systems has started. Piping and cable installations continued to ramp up during the quarter, with a focus on flotation, grinding, tails filtration, and primary crushing. Commissioning of these areas is expected to commence as sub systems are completed by the construction team.","length":720,"tagName":"p"},{"type":"text","content":" Integrated Extractive Waste Management Facility (the "IEWMF") ","length":71,"tagName":"p"},{"type":"text","content":"Construction of the Karatzas Lakkos (KL) embankment progressed steadily, with continued advancement of underdrain installation, commencement of the engineered fill raise of the dam, and preparatory works for the next phase of cut-off trench construction.","length":254,"tagName":"p"},{"type":"text","content":"Work is underway to prepare a dedicated area for the initial placement of tailings, however, work productivities have been impacted by recent rainfall above historic levels.","length":173,"tagName":"p"},{"type":"text","content":"Construction of the low-grade ore (LGO) stockpile embankment continued, with the lower section advancing beyond the milestone elevation of 340 RL.","length":146,"tagName":"p"},{"type":"text","content":"Enhancements were made to the construction of the Water Management System, notably the completion of the coffer dam and the implementation of a piling program to ensure the structural integrity of the KT2 diversion channel.","length":223,"tagName":"p"},{"type":"text","content":"The intermediate water treatment plant (IWTP) mechanical installations are well underway, while water treatment plant (WTP) foundation works commenced as planned.","length":162,"tagName":"p"},{"type":"text","content":" Accelerated Operations and Readiness ","length":36,"tagName":"p"},{"type":"text","content":" Open Pit Mining ","length":15,"tagName":"p"},{"type":"text","content":"The open pit mine successfully continued to ramp up during Q4 2025 with four crews operating ahead of plan in building ore stockpiles for the process plant start-up. At the end of Q4 2025, there were approximately 1.2 million tonnes of open pit and underground ore on stockpiles containing approximately 47.3 thousand ounces of gold and 12.5 million pounds of copper. Grade control drilling covering 95% of the Phase 1 open pit has been completed and confirmed the first three years of production.","length":497,"tagName":"p"},{"type":"text","content":" Underground Development ","length":23,"tagName":"p"},{"type":"text","content":"Underground access development rates continued to accelerate. A total of 1,155 metres of underground development was completed in Q4 2025. During 2025, underground development totalled 3,092 metres, which was approximately 900 metres more development than budgeted during the year.","length":281,"tagName":"p"},{"type":"text","content":"The test stope program delivered high quality results during the quarter. The first of two test stopes were completely mined out and the second test stope mining will be completed in February 2026. Each test stope mined to date is expected to provide approximately 72kt of ore, with dimensions of 60 metres in height and an area of 30 by 15 metres. Ore fragmentation has exceeded expectations, and stope cavity monitoring and extraction has met our expectations. This success has increased our confidence in the planned trial of four larger test stopes in 2026, each designed at approximately 97kt per stope with dimensions of 60 metres in height and an area of 30 by 20 metres per stope.","length":688,"tagName":"p"},{"type":"text","content":"Semi-autonomous ore loading and open stope drilling, with operators on surface (no operator on the equipment), was successfully used during the mining of these two test stopes. This technology enables a single operator to control several pieces of equipment simultaneously, increasing safety, drill accuracy and productivity, reducing idle time between shifts and during blast clearance, and decreasing associated costs.","length":420,"tagName":"p"},{"type":"text","content":" Processing ","length":10,"tagName":"p"},{"type":"text","content":"Additional testing of tailings filter cloths is underway for the infill drilling program and from bulk samples from the open pit ore already mined and stockpiled. An initial inventory strategy has been established to support operational resilience and continuity of supply of filter cloths. This strategy includes maintaining six complete cloth sets sourced from three different vendors.","length":387,"tagName":"p"},{"type":"text","content":"Engineering and technical optimization efforts continued for the start-up tailings placement area, and operational readiness activities for tailings stacking.","length":158,"tagName":"p"},{"type":"text","content":" Workforce ","length":9,"tagName":"p"},{"type":"text","content":"As at December 31, 2025, there were approximately 2,350 personnel working on site, including 415 Skouries employees.","length":116,"tagName":"p"},{"type":"text","content":" 2025 Year in Review:   A Pivotal Year for Growth ","length":51,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":" Health and Safety: The Company’s lost-time injury frequency rate per million person-hours worked ("LTIFR") improved to 0.55 in Q4 2025, compared to 1.02 in Q4 2024. On a year-to-date basis, LTIFR was 0.99 in 2025, consistent with 0.99 in 2024. We continue to implement multi-year programs to support continuous improvement in workplace safety, supporting our vision of Everyone Going Home Healthy and Safe Every Day.","length":426,"tagName":"p"}]},{"val":[{"type":"text","content":" Courageous Safety Leadership : Continued strengthening Eldorado's health and safety culture with the global rollout of the Courageous Safety Leadership (CSL) program in 2025, achieving 25% workforce participation (employees and contractors) and advancing plans for full implementation across all regions in 2026. CSL is designed to challenge participants to explore the impact of individual beliefs, attitudes, and behaviors in creating a positive culture of health and safety both at work and at home.","length":505,"tagName":"p"}]},{"val":[{"type":"text","content":" Sustainability: Strengthened our company-wide sustainability performance through the revision of our Sustainability Integrated Management System (SIMS), reinforcing our commitment to continuous improvement and a consistent ‘One Eldorado’ approach. Additionally, Eldorado was recognized by TIME as one of Canada’s Best Companies in 2025, reflecting our strong performance in sustainability transparency, employee satisfaction and consistent revenue.","length":448,"tagName":"p"}]},{"val":[{"type":"text","content":" Climate Change and GHG Emissions: In 2025, we advanced our Scope 3 GHG emissions inventory for the years 2023 and 2024, a key step in improving the transparency in our upstream and downstream value chains. Projects and initiatives implemented thus far across our operating mines contributed 23,614 tCO2e of GHG emissions mitigations in 2024, representing 40% of our target of mitigating approximately 59,000 tCO2e by 2030 on a “business-as-usual” basis.","length":453,"tagName":"p"}]},{"val":[{"type":"text","content":" Increased Mineral Reserves: In November 2025, the updated Mineral Reserve and Mineral Resource statement was published showing that in addition to replacing depletion, the Company increased Mineral Reserves by 5%, driven by a 25% increase at the Lamaque Complex. Additionally, Inferred Mineral Resources increased by 21%, representing significant opportunities for Mineral Resource conversion across the portfolio.","length":414,"tagName":"p"}]},{"val":[{"type":"text","content":" Setting up Quebec for Continued Growth: The Lamaque Complex in Quebec successfully processed the second bulk sample at Ormaque further de-risking the Lamaque Complex and positioning it for the next phase of advancement.","length":219,"tagName":"p"}]},{"val":[{"type":"text","content":" Optimization Initiatives Underway at Kisladag: During Q2 2025, the decision was made to proceed with an expansion to the secondary crushing circuit to facilitate operational debottlenecking and reduce wear on the high pressure grinding rolls. In addition, in Q3 2025 to further improve the circuit it was decided to move ahead with implementing whole ore agglomeration which is expected to enhance permeability, improve kinetics, and shorten the leach cycle.","length":458,"tagName":"p"}]},{"val":[{"type":"text","content":" Efemcukuru Met Guidance for the 11th Consecutive Year : Since 2014, Efemcukuru has met annual guidance expectations.","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":" Enhancing Throughput and Efficiency at Olympias: During Q2 2025, the mill expansion to 650tpd from 500tpd commenced and is advancing towards completion in Q3 2026 and ramp up in Q4 2026. The expansion is expected to enhance throughput and strengthen overall operating efficiency.","length":280,"tagName":"p"}]},{"val":[{"type":"text","content":" Continued Strategic Investment Execution: In December 2025, Eldorado increased its investment in Amex Exploration to approximately 27%, providing further exposure to a high-quality asset.","length":187,"tagName":"p"}]},{"val":[{"type":"text","content":" Returning Capital to Shareholders: In May 2025, Eldorado amended its normal course issuer bid ("NCIB") and renewed it in July 2025. In 2025, the Company repurchased and cancelled 7,688,241 common shares at an average price of $26.47 for a total of approximately $204 million. In addition, in January 2026 the Company announced the initiation of a dividend that provides for the payment of a regular quarterly dividend per common share of the Company. ","length":460,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":3965,"olType":false},{"type":"text","content":" Notable Recognitions and Milestones Across the Business: ","length":56,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"In Canada, the Lamaque Complex celebrated its one millionth gold ounce since declaring commercial production in 2019.","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"In Turkiye, Kisladag celebrated its four millionth gold ounce. Overall, Turkiye has produced over five million gold ounces.","length":123,"tagName":"p"}]},{"val":[{"type":"text","content":"Recognized within the TSX30 ranking for top performance over a three year period, based on dividend adjusted share price appreciation. Eldorado's share price increased 238% for the three years ended June 30, 2025.","length":217,"tagName":"p"}]},{"val":[{"type":"text","content":"Nora Lozano, VP Health and Safety, raised over C$68,000 for Covenant House Vancouver by participating in the Annual Executive Sleep Out in Vancouver. This was the first time Nora participated in the event to raise funds and awareness for youths experiencing homelessness, and marking Eldorado's 7th consecutive year of participation. Since 2018, Eldorado, including employee matching campaigns, has raised over C$300,000 for Covenant House Vancouver. ","length":454,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":911,"olType":false},{"type":"text","content":" Consolidated Financial and Operational Highlights ","length":49,"tagName":"p"},{"type":"text","content":" Summarized Annual Financial Results ","length":35,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:53%;width:53%;min-width:53%;vertical-align:middle;text-align:left;padding-left:15.0px;border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:middle;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-top:solid black 1pt;border-bottom:solid black 1pt;padding-right:0;text-align:right;vertical-align:middle;vertical-align:middle;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:14%;width:14%;min-width:14%;border-top:solid black 1pt;border-bottom:solid black 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