Eldorado Gold Achieves First Copper-Gold Concentrate at Skouries…

Event summary

Eldorado Gold produced first copper-gold concentrate at its Skouries project in Greece on September 8, 2026.
The project's ore stockpile exceeds 4.6 million tonnes above reserve grade, supporting over seven months of processing.
Commercial production is expected in Q4 2026, with average annual output of 140,000 ounces of gold and 67 million pounds of copper.
Key infrastructure, including crushing, grinding, and flotation systems, is operational, with temporary power generation in place until grid connection in September 2026.

The big picture

Eldorado Gold's Skouries project marks a significant step in the company's strategic pivot toward diversified metal production. The project's scale—one of Europe's largest copper-gold ventures—positions Eldorado to enhance its free cash flow and exposure to critical minerals. The successful transition from construction to operations underscores the company's ability to navigate complex geopolitical and regulatory environments, a key differentiator in the mining sector.

What we're watching

Execution Risk: Whether Eldorado can sustain the ramp-up pace and meet the Q4 2026 commercial production target.
Strategic Diversification: How the Skouries project will contribute to Eldorado's transformation into a diversified precious metals and critical minerals producer.
Regulatory Dynamics: The impact of final inspections and grid connection approvals on the project's timeline and operational efficiency.