Eldorado Gold announced on September 28 that its Skouries copper-gold - Shanghai Metals Market

AI desk brief

Eldorado Gold says Skouries in northern Greece has completed permanent grid energization after final inspection and approval, removing the temporary on-site power setup and supporting the plant ramp-up toward targeted commercial production in Q4 2026. The mine produced its first copper-gold concentrate on Sept. 8 and now has crushing, grinding, flotation and thickening systems running.

Skouries is expected to average 67 million lb of copper a year, or about 30,400 tonnes, plus 140,000 oz of gold over an initial 20-year life. The project is a meaningful new European supply source, so the pace of ramp-up and delivery against the Q4 milestone should be monitored for both copper and gold output implications.