Eldorado Gold energizes Skouries as Eldorado Gold stock sits 23.01 percent below its high

Published on 10/02/2026 at 05:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eldorado Gold guides to 490,000 to 590,000 ounces in 2026. Eldorado Gold stock had a EUR 33.42 prior close on September 30, 2026.

ELD, CA2849025093, Illustration mit AI erstellt.

Eldorado Gold (ISIN CA2849025093) completed energization of its Skouries mine on September 28, 2026, while Eldorado Gold stock stood 23.01 percent below its CAD 69.46 52-week high on October 1. The prior close at Lang & Schwarz was EUR 33.42 for September 30, 2026.

Skouries reaches grid power

According to Finanznachrichten on September 28, 2026, Eldorado connected Skouries in northern Greece to the national power grid after final inspection, testing and approval. The connection supports commissioning and ramp-up work ahead of commercial production expected in the fourth quarter of 2026.

The project is expected to produce an average of 140,000 ounces of gold and 67 million pounds of copper annually over its mine life, according to the same September 28 release from Finanznachrichten. That output profile gives the project a measurable role in Eldorado's production expansion.

Production guidance sets the scale

Eldorado's investor materials guide to 490,000 to 590,000 ounces of gold production in 2026 and describe 41.00 percent growth from 2025 production by 2028. The company also lists 25.5 million ounces of proven and probable gold-equivalent reserves, providing a reserve base for the expansion plan, per its investor overview.

The latest quarterly figures cited by MarketBeat on September 28, 2026, show earnings per share of USD 0.54 against USD 0.52 consensus, while revenue reached USD 487.5 million against USD 529.92 million expected. The comparison is mixed: earnings exceeded expectations by USD 0.02, but revenue fell USD 42.42 million short of consensus.

Analyst target remains a counterpoint

Bank of America upgraded Eldorado Gold from underperform to buy and raised its price target from CAD 32.00 to CAD 54.00 on September 22, 2026, according to MarketBeat. The same report lists a consensus target of CAD 61.25, although the target change and the consensus figure use Canadian dollars rather than the Lang & Schwarz euro reference.

MarketBeat lists October 28, 2026, for Eldorado Gold's third-quarter results. That date makes Skouries commissioning progress and the conversion of construction work into commercial output the next operating milestones.

Prior close sets the euro reference

The prior close at Lang & Schwarz was EUR 33.42 for September 30, 2026. The TSX listing was last at CAD 53.48 on October 1, 2026 at 4:00 p.m. ET, with a CAD 34.25 to CAD 69.46 52-week range and CAD 11.4 billion market capitalization.