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Eldorado Gold issued a press release on February 5, 2025, 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.”
Following this news, the price of Eldorado Gold stock fell over 11% on February 6, 2025.