Canada’s Eldorado Gold (TSX: ELD)(NYSE: EGO) says its Skouries copper-gold project in northern Greece is 70% complete, with first production expected in early 2026 and commercial output by mid-year.
The proposed mine, part of the Kassandra Mines Complex, holds proven and probable reserves of 3.7 million ounces of gold and 1.7 billion pounds of copper. It’s forecast to operate for 20 years, producing roughly 140,000 ounces of gold and 67 million pounds of copper annually.
Skouries faced years of setbacks, halted between 2017 and 2021 due to permit delays and local opposition. After signing a new agreement with the Greek government in 2021, Eldorado resumed construction in late 2022.
“We continued to make steady progress, supported by a skilled team on site performing at or slightly above our productivity assumptions,” CEO George Burns said in a statement. “We are focused on (…) delivering…
