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TSXELDBullishCorporate Developmentsnews

High materiality8/10

Eldorado's Skouries advances toward first concentrate in Q3 2026

Jul 20, 2026, 5:08 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Positive milestone of first ore processing and near-term production timing could elevate sentiment and multiple; however, energization sign-off risk remains a near-term constraint if delays occur, creating a potential swing in short-term price.

AI summary

What happened, with direct paths to the underlying reporting

Eldorado Gold reports progress at the Skouries project in Greece, with first ore crushed and staged commissioning moving toward first copper-gold concentrate in Q3 2026 and commercial production in Q4 2026, subject to final energization. Open-pit mining remains ahead of schedule, supported by a ~3.9 Mt ore stockpile and interim power gensets to maintain momentum during power-testing and sign-off.

Skouries in final construction stages; commissioning advancing toward first concentrate in Q3 2026.
First ore crushed confirms front-end processing is operating; energization sign-off pending by Greek authorities.
Open-pit mining ahead of schedule; total ore stockpile ~3.9 million tonnes to feed 2026 ramp-up.
Interim gensets deployed to support commissioning; final site energization tied to regulator testing and sign-off.

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