ATHENS — Greece has reached a significant milestone in its mining industry after the Skouries project in northern Greece produced its first copper-gold concentrate, marking the transition from construction toward commercial operations.

Eldorado Gold announced the first production from the project on September 10, 2026, describing the development as an important step toward full-scale production. Commercial production is expected to begin during the fourth quarter.

The Skouries project is located in northern Greece and is expected to become an important source of both copper and gold. The start of concentrate production indicates that major construction and commissioning work has progressed sufficiently for the facility to begin processing material.

Copper has become increasingly important to the global economy because of its use in electricity networks, renewable-energy infrastructure, electric vehicles and advanced technology. Growing demand for the metal has increased interest in new mining projects around the world.

For Greece, the development could provide economic benefits through investment, employment and export activity. It also strengthens the country’s position as a potential contributor to Europe’s supply of strategically important raw materials.

The project is expected to move through further commissioning and operational stages before reaching commercial production. Production levels will therefore be closely monitored during the coming months.

The milestone comes as European countries seek to strengthen access to critical raw materials and reduce dependence on external supply chains. Domestic production of metals such as copper could become increasingly valuable as Europe expands its energy and technology infrastructure.

Eldorado Gold’s announcement represents a major step for the Skouries development after years of investment and construction. The project is now moving closer to its planned commercial phase, which is expected later this year.

The start of concentrate production could also increase international attention on Greece’s mining sector and its potential role in supplying metals needed for the global energy transition.