Eldorado Gold Produces First Copper-Gold Concentrate at Skouries Project in Greece
Eldorado Gold has produced its first copper-gold concentrate at the Skouries Project in northern Greece, marking a significant milestone as it transitions from construction to operational status. The initial concentrate was part of commissioning and ramp-up activities following the first ore delivery to the crusher in July 2026. Key components such as crushing, grinding, flotation, and tailings thickening circuits have been successfully commissioned at the processing plant. The company currently has over 4.6 million tonnes of above-reserve-grade ore stockpiled, supporting more than seven months of concentrate production during ramp-up. CEO George Burns highlighted that Skouries is a transformational asset for Eldorado and one of Europe's largest copper-gold projects. The mine is expected to produce an average of 140,000 ounces of gold and 67 million pounds of copper annually over its life. Eldorado anticipates transitioning to commercial production in Q4 2026. Temporary power supports early operations while the site awaits connection to Greece's national grid, expected by September 2026.
Tickers: $EGO
Topics: copper Eldorado Gold gold Greece Skouries Project