Skouries Project Nears Completion as Eldorado Gold Moves Toward Production

Construction of Eldorado Gold’s Skouries copper-gold project in Halkidiki, northern Greece, has reached 97% completion, marking a major step toward the transition from construction to operations. The company said the primary crusher successfully processed its first ore in July using temporary power, paving the way for commissioning of the plant’s grinding circuit.

First copper-gold concentrate production is expected in the third quarter of 2026, with commercial production scheduled for the fourth quarter. For 2026, Eldorado Gold forecasts gold production of between 60,000 and 100,000 ounces and copper production of 20 million to 40 million pounds.

Capital spending at Skouries is estimated at approximately $1.315 billion through the start of commercial production, while accelerated operating capital is expected to reach about $260 million. The final project capital cost will depend partly on the completion of outstanding work and the timing of commercial production.