Eldorado Gold (TSX: ELD; NYSE: EGO) has achieved a significant milestone at its Skouries project in Greece, producing the first copper-gold concentrate from the operation. The Canadian miner introduced first ore into the crushing circuit in July and now aims to reach commercial production in the fourth quarter of 2026.
Project history and setbacks
Skouries has faced a series of delays and regulatory hurdles over the years, including permitting disputes and community opposition that pushed back its development timeline. The project, located in the Halkidiki region of northern Greece, holds substantial copper and gold reserves but has been a complex undertaking for Eldorado.
First concentrate production
The production of first copper-gold concentrate marks a key step toward commissioning the processing plant. Ore was initially fed into the crushing circuit in July, and the subsequent output of concentrate confirms that the milling and flotation circuits are operating as designed. The next phase is to ramp up throughput and achieve stable operations before declaring commercial production.
Market context
Copper remains in strong demand due to its use in electrical wiring, construction and renewable energy infrastructure. Gold, meanwhile, continues to trade near historic highs, providing additional value to the concentrate. For the gold price today, see the live gold price page. Eldorado's ability to bring Skouries online adds a new source of both metals to global markets at a time when supply growth from new mines is limited.
Key takeaways
- Eldorado Gold has produced first copper-gold concentrate at Skouries, Greece.
- First ore entered the crushing circuit in July 2026.
- The company targets commercial production in Q4 2026.
- Skouries has overcome years of permitting and development setbacks.
Common questions
When did Eldorado Gold start crushing ore at Skouries?
First ore was introduced into the crushing circuit in July 2026.
What is the target date for commercial production at Skouries?
Eldorado Gold expects to reach commercial production in the fourth quarter of 2026.
What types of metals will Skouries produce?
The project produces a copper-gold concentrate containing both copper and gold.
With first concentrate now achieved, Eldorado Gold is focused on the final steps toward commercial operations at Skouries, marking a potential turning point for a project that has been years in the making.