Addition of the Skouries to Eldorado_Gold’s operating mines will boost output to between 675,000 and 735,000 ounces by 2027 — a 55% jump from this year’s expected production via CeciliaJamasmie
with Greece in early 2021, Eldorado has been focused on resuming construction at Skouries, which is tied to securing financing.
The mine is now expected to begin production in the second half of 2025, boosting the company’s total gold output to between 675,000 and 735,000 ounces by 2027. That’s a 55% jump from the 475,000 to 525,000 gold ounces forecast for 2023.that Skouries is also slated to produce on average 67 million pounds of copper per year.Electric cars contain more than twice as much copper as gasoline-powered vehicles, according to the Copper Alliance.
Experts agree on estimating that the decarbonization of power networks, transportation and industry willThe start of commercial production at Skouries, Burns noted, will contribute to the supply chain of critical minerals in a socially and environmentally responsible way. “[It will also] reduce our overall cash cost profile with the addition of material by-product credits,” he said.
The Vancouver-based miner has earmarked growth capital of $394 million to $437-million for 2023. This includes between $240 million and $260-million allocated to moving the Skouries project forward.
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