Eldorado Gold's Skouries Mine Nears 2026 Production

Eldorado Gold Skouries mine 2026 production copper‑gold concentrate off‑take agreements

Eldorado Gold reports that construction of the Skouries copper‑gold project in Halkidiki, Greece, is 97 % complete. The primary crusher processed its first ore in July using temporary power, paving the way for first concentrate production in the third quarter of 2026 and commercial output in the fourth quarter of 2026.

The company forecasts 2026 gold output of 60,000‑100,000 ounces and copper output of 20‑40 million pounds. Capital spending to the start of commercial production is estimated at about $1.315 billion, with accelerated operating capital of roughly $260 million. Off‑take agreements covering the full 2026 production and part of 2027 have been signed, and negotiations are under way for contracts through 2029.

Management changes include Christos Balaskas becoming Vice President & Country Manager for Greece, reporting to Christian Milau, who will assume the role of President & CEO on 30 September. Louw Smith will depart on the same date, with operational responsibility transferring to Niklas Frank. Eldorado posted second‑quarter revenue of $487.5 million and net profit of $172.8 million.

Entities

Chalkidiki, Greece · Christian Milau · Christos Balaskas · Eldorado Gold Corporation · Foran Mining Corporation · McIlvenna project · Niklas Frank · Skouries copper‑gold project · Skouries mine · Skouries project

Claims

What the coverage asserts, and how many sources carry each claim.

[● 6 SOURCES] Skouries is expected to produce between 60,000 and 100,000 ounces of gold in 2026. www.dealnews.gr · www.sofokleousin.gr · www.economix.gr · www.ot.gr · www.fortunegreece.com · +1 more
[● 6 SOURCES] First concentrate production at the Skouries copper‑gold mine in Greece is scheduled for the third quarter of 2026. www.dealnews.gr · www.fortunegreece.com · www.sofokleousin.gr · www.powergame.gr · www.economix.gr · +1 more
[● 4 SOURCES] Eldorado Gold reported revenue of $487.5 million for the second quarter of 2026. www.fortunegreece.com · www.powergame.gr · www.ot.gr · www.sofokleousin.gr
[● 5 SOURCES] Christos Balaskas was appointed Vice President & Country Manager for Greece, reporting to Christian Milau, who will become President & CEO on 30 September. www.dealnews.gr · www.sofokleousin.gr · www.economix.gr · www.ot.gr · www.fortunegreece.com
[● 4 SOURCES] Eldorado Gold reported net profit of $172.8 million for the second quarter of 2026. www.fortunegreece.com · www.powergame.gr · www.ot.gr · www.sofokleousin.gr
[● 5 SOURCES] Commercial production at Skouries is scheduled for the fourth quarter of 2026. www.dealnews.gr · www.fortunegreece.com · www.sofokleousin.gr · www.economix.gr · www.ot.gr
[● 5 SOURCES] Eldorado Gold has signed off‑take agreements covering all expected 2026 production and part of 2027, and is negotiating further contracts through 2029. www.dealnews.gr · www.sofokleousin.gr · www.economix.gr · www.ot.gr · www.fortunegreece.com
[● 5 SOURCES] Skouries is expected to produce between 20 and 40 million pounds of copper in 2026. www.dealnews.gr · www.sofokleousin.gr · www.economix.gr · www.ot.gr · www.fortunegreece.com