GREECE —Eldorado Gold has achieved permanent grid connection at its flagship Skouries project located in northern Greece. The milestone follows final testing, technical inspections, and regulatory approval from the Greek national power transmission authority. The newly established connection links the site to stable utility power, replacing temporary power arrangements and enabling the full integration of key processing infrastructure across the mining complex.
Eldorado Gold is a Vancouver-headquartered precious and base metals mining company with exploration, development, and production operations spanning Canada, Türkiye, and Greece. The dual-listed miner focuses on developing large-scale gold and copper assets across favorable jurisdictions.
Securing permanent utility power represents a strategic transition point for the Greek asset as it advances toward steady-state commercial output targeted for the fourth quarter of 2026. Following the recent milestone of achieving first copper-gold concentrate production, high-voltage energization allows for the continuous commissioning and testing of heavy processing equipment, filter plants, and automated systems. Over its projected operating life, the site is forecast to generate an average annual output of 140,000 ounces of gold and 67 million pounds of copper.
The successful integration into the national electrical grid reduces operational execution risk for one of the largest undeveloped copper-gold porphyry deposits in Europe. Reliable utility power improves the overall cost structure and operational security of the asset compared to off-grid generation. For European industrial supply chains, the progress toward commercial production helps bolster domestic regional sourcing for critical energy transition metals such as copper.
For international mining investors and sector analysts, the completion of critical power infrastructure validates project execution timelines and strengthens the asset's risk profile ahead of full operational ramp-up. The development demonstrates regulatory alignment with Greek authorities, laying a stable foundation for capital deployment in the European resources sector.
