Please Upload related files below
Fill in below.
Tell us the stocks you own using SnapTrade, and we will keep you informed about class action litigation related to your stocks. We monitor critical case developments that may affect the price of your shares and your possible monetary recovery. SnapTrade only shares the tickers you own and your transaction history, not your account numbers. Using SnapTrade and participating in our monitoring service is free and does not create any attorney-client relationship or obligation on your part.
Don’t miss out on possible monetary recovery - link your account with SnapTrade.
Eldorado issued a press release on February 5, 2025, “provid[ing] an update on the construction progress at its copper-gold Skouries Project (‘Skouries’ or the ‘Project’), detailed 2025 production and cost guidance, and three-year production outlook.” Eldorado disclosed that “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” and that “[f]irst production at Skouries is now expected in the first quarter of 2026, followed by commercial production expected in mid-2026.” Eldorado also advised that “[t]he revised Project capital cost estimate incorporates an increase of approximately $143 million or 15.5% over prior capital cost estimates, to a total of approximately $1.06 billion” and that “the Company expects to complete additional pre-commercial production mining and has accelerated the purchase of higher capacity mobile mining equipment (originally expected to be purchased post commercial production), resulting in $154 million of accelerated operational capital prior to commercial production.”
Following this news, Eldorado’s stock price fell over 11% on February 6, 2025.