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An update from Eldorado Gold ( (TSE:ELD) ) is now available.
Eldorado Gold Corporation has provided an update on its Skouries Project, revealing a delay in the project’s timeline due to labor market challenges in Greece. As a result, the first production is now anticipated in early 2026, with commercial production expected mid-year. The project cost has increased by $143 million, reaching a total of $1.06 billion. Despite these hurdles, Eldorado remains financially robust, with substantial liquidity and a fully funded project through its balance sheet and finance facility. The company has also accelerated capital expenditure to enhance early mining capabilities, reflecting its commitment to mitigating schedule impacts and ensuring project completion.
More about Eldorado Gold
Eldorado Gold Corporation is a prominent player in the mining industry, specializing in the production of gold and copper. The company operates with a focus on maximizing resource extraction efficiency and is involved in significant projects such as the Skouries Project in Greece.
YTD Price Performance: -1.02%
Average Trading Volume: 1,275,601
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.18B
See more insights into ELD stock on TipRanks’ Stock Analysis page.
