StockWatch
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Precious Metals
Project UpdateJul 20, 2026, 05:06 PM

Eldorado Gold Skouries Project Processes First Ore, Enters Commissioning

AI Summary

Eldorado Gold announced significant progress at its Skouries copper-gold project in Northern Greece, with the first ore now processed through the crushing circuit as the project enters its commissioning phase. The company continues to target first production of copper-gold concentrate in the third quarter of 2026 and commercial production in the fourth quarter of 2026. While final site energization awaits Greek power authority approval, Eldorado has proactively added additional gensets to maintain commissioning momentum. The project has also built a substantial ore stockpile of approximately 3.9 million tonnes, supporting a steady ramp-up.

Key Highlights

  • Skouries copper-gold project processed first ore through crushing circuit.
  • Targeting first production of copper-gold concentrate in Q3 2026.
  • Targeting commercial production in Q4 2026.
  • Ore stockpile reached approximately 3.9 million tonnes.
  • Open pit mining is ahead of schedule, contributing 3.4 million tonnes to stockpile.
  • Final site energization is contingent on Greek power authority inspection and sign-off.
  • Additional gensets added to provide interim power for commissioning activities.