Project UpdateJul 21, 2026, 06:07 AM
Eldorado Gold Crushes First Ore at Skouries Project
AI Summary
Eldorado Gold Corporation announced a significant milestone at its Skouries copper-gold project in Northern Greece, with the first ore now processed through the crushing circuit. The project is in its final stages of construction and has entered the commissioning phase, with first concentrate production targeted for the third quarter of 2026 and commercial production for the fourth quarter of 2026. While final site energization is pending Greek authority inspection, the company has proactively added additional gensets to maintain momentum, and an ore stockpile of approximately 3.9 million tonnes has been built to support ramp-up.
Key Highlights
- First ore has been fed through the commissioned crushing circuit at the Skouries project.
- Commissioning activities are progressing across crushing, grinding, flotation, concentrate handling, and tailings circuits.
- Final site energization remains contingent on inspection and sign-off by the relevant Greek authority.
- Eldorado Gold has added additional gensets to provide interim power for commissioning activities.
- An ore stockpile of approximately 3.9 million tonnes has been established, including 3.4 million tonnes from the open pit.
- The company targets first production of copper-gold concentrate in Q3 2026.
- Commercial production is targeted for Q4 2026.
Price Impact
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