Eldorado Gold Completes Skouries Mine Energization, Targets Q4 Commercial Production
EGO sits 62% above its 52-week low of $24.44 on light trading volume (0.4× avg).
Summary
Eldorado Gold energized the Skouries mine with permanent grid power, advancing the project toward commercial production expected in Q4 2026.
Key Events · Product Development and Regulatory · EGO
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Skouries Mine Energized
Permanent connection to the Greek national power grid completed after final inspection, testing and approval by the Greek transmission authority.
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Commercial Production Timeline
Company expects commercial production at Skouries in Q4 2026, following first copper-gold concentrate production on September 8, 2026.
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Life-of-Mine Production Profile
Skouries is expected to produce on average 140,000 ounces of gold and 67 million pounds of copper annually over the life of mine.
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Commissioning Progress
Grid connection supports ongoing commissioning and ramp-up of key systems across the site, providing long-term power infrastructure for the operation.
Analysis · EGO · Energy & Transportation
The Skouries mine in Greece is now connected to permanent grid power, a critical infrastructure milestone that de-risks the ramp-up to steady-state operations. This follows first copper-gold concentrate production on September 8 and keeps the project on track for commercial production in Q4 2026. Skouries is expected to produce 140,000 ounces of gold and 67 million pounds of copper annually over its life of mine, making it one of Europe's largest copper-gold projects.
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At the time of this filing, EGO was trading at $39.64 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $10.4B. The 52-week trading range was $24.44 to $51.16. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.