Eldorado Gold reports first concentrate production at Greek mine - Resource World Magazine

AI desk brief

Eldorado Gold reported first copper-gold concentrate production at its 100%-owned Skouries project in northern Greece, a key step toward commercial production expected in Q4 2026. Full output is forecast at an average 140,000 oz of gold and 67 million lb of copper over the mine life, with the stock rising 3.3% to $62.51 on the news.

Management said Skouries accounts for 30% of Eldorado’s NAV and that the ore stockpile now exceeds 4.6 million tonnes above reserve grade, implying more than seven months of processing throughput and concentrate production. The company is also positioning Skouries and McIlvenna Bay to lift 2027 production to about 900,000 gold equivalent ounces and generate $2.1bn of EBITDA and $1.5bn of free cash flow.