On February 5, 2025, Eldorado Gold issued a press release in which it provided an update on the construction progress on its Skouries Project. In pertinent part, this announcement stated that “[a]s previously disclosed, labour market tightness in Greece, particularly pronounced in construction, has continued to limit the availability of key construction personnel at Skouries, resulting in a slower ramp-up of the workforce and delayed progress in certain areas of the Project.” Further, Eldorado announced that “[f]irst production at Skouries is now expected in the first quarter of 2026, followed by commercial production expected in mid-2026.”
On this news, the price of Eldorado Gold stock fell $1.78 per share, or 11.2%, to close at $14.01 on February 6, 2025.
