Eldorado Gold is trading 7% lower at $38.98 as rising oil prices renewed inflation concerns and rate-hike expectations, weighing on gold and mining stocks.
- Broader materials-sector weakness and risk-off sentiment amid higher yields and geopolitical uncertainty add pressure.
- Eldorado Gold announced successful energization of its Skouries mine on September 28, a positive operational milestone supporting commissioning and expected fourth-quarter commercial production.
- The milestone does not explain the decline; no adverse company-specific catalyst was identified.