Eldorado Gold Advances Greek Projects, First Concentrate Production Expected Q1 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
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Should l Buy EGO?
Source: Newsfilter
- Skouries Project Progress: The Skouries project is on track for first concentrate production by the end of Q1 2026, with overall construction progress at 90%, which is expected to significantly enhance production and cash flow for the company.
- Olympias Expansion Plan: The Olympias expansion is expected to be completed by Q3 2026, increasing processing capacity from 500,000 to 650,000 tonnes per annum, with new concentrate contracts anticipated to substantially improve cash flow, reflecting strong market conditions.
- Perama Hill Development Update: The Environmental Impact Assessment for the Perama Hill project was submitted in December 2025, expected to yield approximately 100,000 ounces of gold annually, marking a significant advancement in the company's high-grade, low-cost project portfolio.
- Community Engagement and Transparency: Eldorado is initiating two community consultation processes to ensure transparent dialogue with stakeholders, which will help enhance the social license for the projects and facilitate future construction efforts.
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Analyst Views on EGO
Wall Street analysts forecast EGO stock price to fall
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 45.150
Low
29.00
Averages
37.08
High
47.00
Current: 45.150
Low
29.00
Averages
37.08
High
47.00
About EGO
Eldorado Gold Corporation is a Canada-based gold and base metals producer with mining, development and exploration operations in Turkiye, Canada and Greece. The Company operates four mines: Kisladag, Efemcukuru, Lamaque, and Olympias. The Kisladag, Efemcukuru and Lamaque mines are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. Kisladag is a low-grade, bulk-tonnage, open-pit operation that uses heap leaching for gold recovery. It is located in Usak Province in western Turkiye. Efemcukuru is a high-grade, underground operation located in Izmir Province in western Turkiye. The Lamaque Complex is located in Val-d'Or, Quebec. It includes the Triangle mine, the Ormaque mine, the Parallel deposit, the Plug #4 deposit, and the Sigma Mill. Olympias is a gold-silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece. It also operates the Bruell Gold Project 51 claim property in Vauquelin township, Quebec.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Future Production Expectations: The combined company is projected to produce around 900,000 gold equivalent ounces by 2027, primarily supported by two fully financed development projects—Skouries in Greece and McIlvenna Bay in Saskatchewan—expected to reach commercial production by mid-2026.
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