Gold Mining Company Embraces Copper, Market Cap Surges Over $10 Billion in One Day

Eldorado Gold Corp. (EGO) jumped 10.14% on the New York Stock Exchange on the 14th, closing at $33.77. Its market capitalization climbed to about $8.8 billion (roughly ₩12 trillion), a one-day increase of approximately $990 million (around ₩1.3 trillion), while trading volume topped 1.95 million shares.

The company recently achieved first copper‐concentrate production at its McIlvenna Bay mine in Saskatchewan, Canada, and is accelerating output ahead of a planned start to commercial production in Q3. A newly released technical report on the McIlvenna Bay project cites a net present value (NPV) of $650 million and an internal rate of return (IRR) of 23%, underscoring the project’s growth prospects and helping to drive the stock’s re-rating.

Headquartered in Canada, Eldorado Gold is a producer of precious and base metals—including gold and copper—operating mines and development assets across Turkey, Canada, and Greece. Earlier this year, the company completed its acquisition of Foran Mining, bringing the McIlvenna Bay copper project into its portfolio, and unveiled medium- to long-term plans to increase production by about 40%.