Eldorado Gold energizes Skouries. Eldorado Gold stock falls 1.16 percent.

Published on 10/07/2026 at 08:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eldorado Gold stock costs EUR 33.94 on October 7, 2026 after EUR 34.34, down 1.16 percent. Skouries targets commercial gold production in the fourth quarter of 2026.

ELD, CA2849025093, Illustration mit AI erstellt.

Eldorado Gold (ISIN CA2849025093) was trading at EUR 33.94 at Lang & Schwarz on October 7, 2026 at 8:17 a.m. CEST, down 1.16 percent versus the prior close of EUR 34.34. The company completed permanent grid energization at its Skouries copper-gold project on September 28, 2026, according to Eldorado Gold.

Skouries reaches a power milestone

The permanent connection to the Greek national power grid supports commissioning and ramp-up of key systems at Skouries. Eldorado Gold says commercial production remains expected in the fourth quarter of 2026, while the mine is expected to produce an average of 140,000 ounces of gold and 67 million pounds of copper annually over its life.

The milestone follows first copper-gold concentrate production on September 8, 2026. The project is therefore moving from construction toward commissioning, but the company's release continues to identify construction, commissioning, ramp-up, commodity prices and permitting as risks that could affect timing and costs.

Revenue trails second-quarter estimates

Eldorado Gold reported USD 487.50 million in revenue for the second quarter of 2026, according to MarketBeat. That figure was below the USD 529.92 million consensus estimate, a USD 42.42 million gap, while reported quarterly earnings per share were USD 0.54 against USD 0.52 expected.

The comparison matters because Skouries is intended to expand the production base beyond the existing gold mines. The company's investor overview lists 2026 gold production guidance of 490,000 to 590,000 ounces and says production growth through 2028 is driven by organic projects and first production from Skouries.

October 28 results set the next test

Eldorado Gold will release third-quarter 2026 financial and operational results after the market closes on October 28, 2026, followed by a conference call on October 29 at 9:00 a.m. ET, according to Eldorado Gold. The report should give investors a fresh measure of production, costs and progress toward commercial operations at Skouries.

ELD trades lower before the session

The Lang & Schwarz quote stood at EUR 33.94 on October 7, 2026 at 8:17 a.m. CEST, down 1.16 percent against the prior close of EUR 34.34. The further course of trading is shown by the continuously updated real-time quote of Eldorado Gold stock.