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5 clusters · 26 sources · 34 days · First seen · Last updated

Eldorado Gold Skouries project operations

Overview

Eldorado Gold Corporation has transitioned its Skouries Project in northern Greece from the construction phase to operational status. On September 8, 2026, the company produced its first copper-gold concentrate following the successful commissioning of processing systems. The project utilizes an ore stockpile exceeding 4.6 million tonnes, providing more than seven months of continuous feed.

On October 8, 2026, Greek Prime Minister Kyriakos Mitsotakis inaugurated the Skouries mine in Halkidiki. The project, led by Eldorado Gold and Hellenic Gold, represents an investment exceeding $2 billion and is described as one of the largest foreign production investments in Greece’s post-war history. Mitsotakis noted that the mine will produce copper, a critical raw material for the green transition, and emphasized that strict environmental protocols were negotiated to ensure mining activities coexist with environmental protection.

Recent assessments indicate the mine's output will significantly impact European markets. Annual gold production is estimated to reach approximately 4.4 tonnes, which would account for roughly 12.5% of the European Union’s total annual production. Additionally, the mine is expected to produce approximately 30,000 tonnes of copper annually, representing 4% of EU production. Given current market trends, the total value of exports from the site over a 25-year period is estimated at €17.5 billion, assuming a gold price of $3,000 per ounce. The project is expected to reach full commercial production in the fourth quarter of 2026 and has a projected lifespan of at least 20 years.

Entities

Eldorado Gold · Skouries · George Burns · Greece · Kyriakos Mitsotakis

Timeline

  1. [BUSINESS] 8 sources
    Eldorado Gold investment in Halkidiki boosts EU gold production

    Eldorado Gold’s $2 billion investment in Halkidiki, Greece, is expected to provide 12.5% of the EU's annual gold production and significant copper supplies for the energy transition.

  2. [BUSINESS] 9 sources
    Eldorado Gold inaugurates major Skouries mine in Greece

    Prime Minister Kyriakos Mitsotakis inaugurated the $2 billion Eldorado Gold mine in Skouries, a major foreign investment expected to produce gold and copper for the green energy transition.

  3. [BUSINESS] 2 sources
    Eldorado Gold achieves first copper and gold concentrate production at Skouries

    Eldorado Gold's Skouries project in Greece has successfully produced its first copper and gold concentrate using 4.6 million tonnes of stockpiled ore.

  4. [BUSINESS] 2 sources
    Eldorado Gold produces first copper-gold concentrate at Skouries

    Eldorado Gold has produced its first copper-gold concentrate at the Skouries project in Greece, marking a transition to operations and paving the way for commercial production in late 2026.

  5. [BUSINESS] 7 sources
    Eldorado Gold produces first copper-gold concentrate at Skouries

    Eldorado Gold has produced its first copper-gold concentrate at the Skouries Project in Greece, marking a major step toward commercial production expected in Q4 2026.

Sources

bankwars.gr · businessdaily.gr · cafef.vn · carandmotor.gr · cretaone.gr · dailyguardian.ca · economix.gr · energygame.gr · evros-news.gr · finchannel.com · flash.gr · flight.com.gr · lamiareport.gr · makthes.gr · marketwire.com · mining.com · mononews.gr · naftemporiki.gr · news.gr · protothema.gr · reader.gr · sbctv.gr · sofokleousin.gr · soha.vn · tastv.gr · worldenergynews.gr

This summary has been updated 4 times: see revision history