Business
Eldorado Gold - Transformational Growth in Greece in 2026
(All amounts expressed in U.S. dollars unless otherwise noted)  VANCOUVER, British Columb...
About this update from Eldorado Gold Corporation
[{"type":"text","content":"Eldorado Gold – Transformational Growth in Greece in 2026\n(All amounts expressed in U.S. dollars unless otherwise noted)  VANCOUVER, British Columbia, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX:ELD) (NYSE:EGO) (“Eldorado” or “the Company”) is pleased to provide an update on its high-quality growth projects in Greece, which are expected to deliver transformational value for the Company in 2026 and beyond. Greece remains key to Eldorado’s strategy, with three projects, Skouries, Olympias Expansion, and Perama Hill, advancing as planned, positioning the Company for significant production growth, improved margins, and enhanced cash flow. Highlights Skouries Project Advancing Towards First Concentrate Production First concentrate production is expected towards the end of Q1 2026 and commercial production expected in mid-year.Overall progress has reached 90% when including the first phase of construction, and 78% for phase 2 of construction as of December 31, 2025.Mechanical completion for all six tailings filters has been achieved.Open pit mining is progressing ahead of schedule, with significant ore stockpiles being established for plant start-up.Underground mining successfully completed the first of two test stopes, with ore stockpiled on surface.Processing and maintenance teams are fully staffed and actively engaged in training and pre-commissioning activities.Commercial terms for concentrate off-take agreed to with leading trading firms, with strong copper market fundamentals supporting favourable terms. Olympias Expansion Underway Construction progress continues with earthworks advancing, infrastructure upgrades underway and all mill expansion equipment on site.Construction completion is expected in Q3 2026, with ramp-up expected in Q4 2026.New concentrate contracts executed for 2026 feature substantially improved payability and treatment terms compared to 2025, providing a significant uplift to cash flow. These improved terms reflect strong market conditions and Eldorado’s strategic marketing efforts. Perama Hill Advancing Toward Development The Environmental Impact Assessment (EIA) was submitted in December 2025.Community engagement is underway to ensure transparent dialogue and incorporate stakeholder feedback. Two consultation processes are expected...