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Eldorado Gold Skouries project operations

Updated 4 times since CLSTR started tracking revisions of this situation.

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2026-10-08 14:13 UTC → 2026-10-11 07:15 UTC · added removed

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, including crushing, grinding, flotation, and tailings thickening circuits. systems. The project is utilizing utilizes an ore stockpile exceeding 4.6 million tonnes. This accumulated ore has a metal content exceeding the minimum thresholds required for industrial processing and is expected to provide tonnes, providing more than seven months of continuous feed, allowing the plant to scale up capacity independently of daily mining output. 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. The Skouries deposit Recent assessments indicate the mine's output will significantly impact European markets. Annual gold production is estimated to contain reach approximately 112 tonnes of gold and 740,000 tonnes 4.4 tonnes, which would account for roughly 12.5% of copper. Once operations reach a stable state, the European Union’s total annual production. Additionally, the mine is expected to produce an average of 4.35 tonnes of gold and more than approximately 30,000 tonnes of copper annually. 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. The mine is projected to have 2026 and has a projected lifespan of at least 20 years, currently involving approximately 3,000 direct and indirect employees and a €80 million social investment budget for the local community. years.

Versions

  1. 2026-10-11 07:15 UTC Eldorado Gold Skouries project operations
  2. 2026-10-08 14:13 UTC Eldorado Gold Skouries project operations
  3. 2026-10-08 12:52 UTC Eldorado Gold Skouries project operations
  4. 2026-09-24 05:34 UTC Eldorado Gold Skouries project operations
  5. 2026-09-10 19:55 UTC Eldorado Gold Skouries project operations

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