10 Firms Hit Hard in Thursday’s Trading

4. Eldorado Gold Corp. (NYSE:EGO)

Eldorado Gold saw its share prices fall by 11.27 percent on Thursday to close at $14.01 apiece as investor sentiment was dragged down by announcements of additional capital outlays and delays in its Skouries copper-gold project.

In a statement released to the media on Thursday, Eldorado said it was hiking the project cost of the Skouries project by $143 million, or 15.5 percent more, to a total of $1.06 billion.

In addition, 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.

Eldorado Gold said the first production at Skouries is now expected in the first quarter of 2026, followed by commercial production in mid-2026.

Despite revised schedule and cost estimates, Eldorado said that it would maintain the number of workforce at approximately 1,300 workers through the peak of construction activities.