Skouries project construction at 94%, production to start in 2026

The Skouries copper-gold project in Halkidiki, Greece, is nearing the final stages of development, with over 94% of construction complete. Commercial production is anticipated to begin in 2026.

This significant industrial undertaking represents an investment exceeding $2 billion, with the parent company, Eldorado Gold, investing over $3 billion in its Kassandra Mines operations. This positions the project as one of the largest industrial investments currently underway in Greece.

The project is expected to enhance copper output, a metal deemed essential for the ongoing energy and digital transitions. It aims to establish Greece as a producer of critical metals within Europe. Furthermore, the investment has already generated 5,200 direct and indirect jobs, with 77% of the workforce hailing from the local community. The company is also implementing a $80 million social investment program focused on health, education, environmental, and local development projects.

Representatives from various institutional, scientific, business, and productive sectors recently visited the Hellenic Gold facilities. Attendees included delegates from the Hellenic Mining Enterprises Association, the Institute of Geology and Mining Exploration, the Association of Greek Geologists, the Technical Chamber of Greece, and other industry bodies. They were briefed on the project's progress and toured the mine site, learning about its contribution to industrial production, exports, and the utilization of critical raw materials vital for Europe's energy transition. This visit followed a similar briefing for national and local media, part of the company's transparency and dialogue initiative.