Eldorado Gold: The next phase of development in Greece – Goals for Olympias, Skouries
Eldorado Gold is progressing its operations in Greece with plans to enhance production at Olympias, advance the Perama project, and initiate concentrate production at Skouries by early 2026.
Eldorado Gold is entering a new development phase in Greece, focusing on increasing production capacity at its Olympias site, advancing the Perama project, and preparing for the launch of concentrate production at the Skouries site, which is expected to start in early 2026. The company’s CEO, George Burns, expressed optimism about the company's momentum as it approaches 2026, despite some short-term adjustments to the Skouries project schedule. According to Burns, the fundamentals of the Skouries project remain strong, promising a robust cash flow generation that could transform Greece's mining landscape for many years.
Burns highlighted the strategic significance of the Skouries project, stating that its startup will drastically alter the company's cash flow generation, production profile, and cost structure. He noted that Greece stands to gain substantially from these developments, marking a pivotal change in its contribution to the mining sector. Eldorado Gold’s ongoing investments and operational plans reflect their commitment to strengthening their foothold in Greece, which could lead to enhanced economic outcomes in the region.
Looking forward to 2026, Eldorado Gold aims to ensure the safe delivery of the Skouries project while focusing on strengthening its operational base. The company’s advancements not only aim to boost production but also to create meaningful economic opportunities within Greece. This strategic push from Eldorado Gold illustrates the potential for growth in Greece's mining industry, aligning with the broader economic objectives of the nation.