Eldorado Gold’s Skouries development in northern Greece has reached 90% overall progress as of December 31, 2025. Mechanical completion of all six tailings filters is confirmed and open pit mining is ahead of schedule, with ore stockpiles exceeding 200,000 tonnes ready for commissioning. Underground works have delivered the first of four planned test stopes, with 30,000 tonnes of ore now on surface awaiting processing. First copper–gold concentrate is targeted by the end of Q1 2026, with commercial production expected by mid-2026. A €680.4 million loan facility remains fully drawn, supporting the $1.06 billion capital budget, and recent off-take negotiations cover approximately 80% of concentrate over a two- to three-year term under enhanced payability terms.

Construction at Olympias has progressed with all mill expansion equipment on site and earthworks now 65% complete. Infrastructure upgrades include a new 15 MW power line and upgraded tailings handling system. The mill capacity will increase from 500,000 tpa to 650,000 tpa upon completion in Q3 2026, with ramp-up scheduled for Q4 2026. Recent concentrate contracts deliver improved treatment charges and payability, translating to a forecast uplift of 10–15% in cash flow relative to 2025 terms. Exploration drilling within 2 km of the existing plant has identified three high-value targets for 2026, potentially extending mine life by five years.

Eldorado submitted the Environmental Impact Assessment for Perama Hill in December 2025 and has since held two stakeholder engagement sessions in Thrace. G Mining Services Inc. has been commissioned to complete an updated feasibility study by Q2 2026, targeting a high-grade, low-cost open pit with an initial mine life of 12 years. A dedicated project team of 15 environmental and technical specialists is now based in Alexandroupolis to manage permitting, land access and public consultation. The company expects the Greek State’s formal review and a parallel company-led consultation to conclude by Q4 2026, positioning Perama Hill for a development decision in early 2027.