Eldorado Gold produces first copper concentrate from newly-acquired McIlvenna Bay project
Eldorado Gold Corporation says first copper concentrate has been produced at the company’s 100%-owned McIlvenna Bay project in east-central Saskatchewan, Canada.
This milestone, the company says, represents a significant addition to Eldorado’s already diversified portfolio and further strengthens the company’s Canadian operating platform.
Wet commissioning of the McIlvenna Bay processing plant was completed recently, and following the commencement of hot commissioning, first copper concentrates were produced on June 7. The operating team is now focused on ramp-up toward the nameplate capacity of 4,900 t/d.
Key activities during the ramp-up period include optimising the flotation circuit and reagent addition performance, and completing the paste plant and associated underground infrastructure, such as the paste plant reticulation to support ongoing mine and plant production ramp-up. The company expects to achieve commercial production at McIlvenna Bay in the September quarter of 2026.
“Achieving first concentrate at McIlvenna Bay is a significant milestone, not just for Eldorado but for Canadian mining,” George Burns, Chief Executive Officer, said. “This project is a compelling example of Canada’s ability to advance critical mineral assets responsibly and with conviction. McIlvenna Bay diversifies our revenue base with substantial copper and zinc production, and alongside our Skouries project in Greece, will transform Eldorado into a high-margin, free cash flow generating business.
“We are proud to become part of the Saskatchewan mining community and look forward to building lasting relationships with our employees, Indigenous rights holders and local communities and all levels of government as we advance this exceptional asset together.”
Following the completion of the acquisition of Foran Mining Corporation on April 14, the company is advancing a focused exploration and growth strategy at McIlvenna Bay, building on a strong operational and geological foundation. The company has committed approximately C$17 million ($12.2 million) of additional exploration spending on McIlvenna Bay and its wider mineral claims in 2026, reflecting the highly prospective, district-scale nature of the land package and the opportunity to further extend mine life and support further growth.
McIlvenna Bay meaningfully diversifies Eldorado’s asset base across both geography and commodity, the company says. The project provides the company with significant copper exposure, adding a critical mineral in global demand to a portfolio that is well-balanced.
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