Eldorado Gold Board Backs Skouries Payout as Shareholders Re-Elect Slate

Eldorado Gold shareholders re-elected the full director slate at the company's annual meeting Monday, backing a board that has bet the company's near-term growth on first concentrate from the Skouries project in Greece.

Chair Steven Reid told shareholders the company is "approaching first concentrate production" at Skouries, with the Olympias expansion advancing and the recently closed acquisition of Foran Mining adding the McIlvenna Bay project in Saskatchewan. The statement ties Eldorado's production and free-cash-flow targets directly to those three assets.

The meeting also marked the departure of directors Stephen Walker and Hussein Barma, part of what Reid called "ongoing board renewal." Patrick Godin, a 40-year mining industry veteran with executive roles in mine construction and operations, joined the board.

Eldorado trades on the TSX and NYSE under ELD and EGO. The stock has tracked gold prices through 2026, with the Skouries ramp-up as the key catalyst for company-specific moves. First concentrate from Skouries would mark Eldorado's entry into copper-gold production, diversifying revenue beyond its Turkish and Greek gold operations.

The company did not disclose vote percentages or any shareholder dissent. The meeting was held virtually.

For a deeper look at the Skouries timeline and the risks around first concentrate, see Eldorado Gold First Concentrate: Ramp-Up Risk and Reward. The EGO stock page tracks the stock's performance against gold and peer producers.