en.Wedoany.com Reported - Eldorado Gold Corp (TSX: ELD, NYSE: EGO), a Canadian gold and base metals producer, successfully produced the first copper concentrate at its McIlvenna Bay Project in east-central Saskatchewan, Canada, on June 7, 2026. The project recently completed wet commissioning, and the first copper concentrate was produced smoothly following the start of hot commissioning. The operations team is currently focused on ramp-up, targeting the mill's design capacity of 4,900 tonnes per day. Eldorado Gold expects to achieve commercial production at the project in the third quarter of 2026.
Eldorado Gold is a gold and base metals producer headquartered in Vancouver, Canada, with mining, development, and exploration operations globally, spanning Canada, Greece, and Turkey. The company currently operates the Kisladag and Efemcukuru gold mines in western Turkey, the Lamaque Complex in Quebec, Canada, and the Olympias polymetallic mine in northern Greece. The McIlvenna Bay Project, located approximately 65 kilometers west of Flin Flon, Manitoba, and about 480 kilometers north of Regina, the capital of Saskatchewan, lies within the Flin Flon Greenstone Belt. It is a copper-zinc-gold-silver polymetallic underground mine and represents the company's first operating asset in Saskatchewan, expanding Eldorado Gold's Canadian footprint beyond its Lamaque Complex in Quebec.
The McIlvenna Bay Project was acquired by Eldorado Gold following the completion of its acquisition of Foran Mining Corporation on April 14, 2026. According to Foran Mining's 2025 feasibility study, the mine is expected to produce an average of approximately 41 million pounds of copper, 54 million pounds of zinc, about 20,000 ounces of gold, and 444,000 ounces of silver annually over an 18-year mine life. Eldorado Gold has committed approximately $17 million in exploration expenditures for the project and surrounding mineral claims in 2026 to advance regional resource growth. The adjacent high-grade polymetallic discovery at the Tesla Zone is considered an opportunity for long-term expansion of the project, with potential to extend the mine life. Key priorities during the ramp-up phase include optimizing flotation circuit and reagent addition performance, as well as completing the paste fill plant and related underground infrastructure construction.
The production of the first copper concentrate marks the official transition of the McIlvenna Bay Project from the construction phase to the operational phase, laying the foundation for subsequent ramp-up and commercial production.
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