Eldorado Gold Enters into Project Alliance with G Mining Services
Eldorado Gold Corporation (TSX: ELD) (NYSE: EGO) announced that it has entered into a project alliance in the form of a Memorandum of Understanding with G Mining Services Inc. establishing a strategic engineering and construction alliance to support project delivery across Eldorado’s portfolio.
Strengthens Project Execution Through a Preferred Engineering and Construction Partnership
Under the MoU, G Mining will provide engineering and construction services in support of Eldorado’s project development and execution activities, including early project definition, engineering support, constructability reviews, and planning. The agreement is intended to enhance project readiness, delivery certainty, and capital efficiency across a range of current and future projects, including:
Perama Hill;
the Lamaque Complex, including the Sigma Mill expansion;
Skouries, including construction support to complete mill start-up and ramp up, as well as underground project infrastructure;
Olympias, including the mill filtration modernization project and supporting facility upgrades; and
McIlvenna Bay, including studies and potential implementation of projects to increase throughput, improve value, and optimize materials handling (subject to completion of the proposed acquisition of Foran Mining).
“The MoU aligns with Eldorado’s strategy to maximize value from our sector-leading growth projects by leveraging G Mining’s integrated owners team approach and proven engineering and execution capabilities,” said Simon Hi lle, Chief Operating Officer of Eldorado Gold. “G Mining has demonstrated its ability to deliver high-quality projects on time and on budget, most notably through the successful delivery of the Tocantinzinho project in Brazil. That experience is directly relevant as they continue to advance and de-risk opportunities such as McIlvenna Bay toward first production. Establishing a preferred engineering and construction partner strengthens our project delivery model through consistent teams, aligned ways of working, and a strong track record of safe reliable execution, positioning Eldorado to maximize cash flow per share from our high-quality internal growth pipeline.”
“G Mining’s delivery model is built around engaged planning, talented and empowered teams, and our disciplined execution model,” said Mathieu Gignac, President and CEO of G Mining Services Inc. “The approach has delivered strong outcomes across a range of projects, including our recent w ork at McIlvenna Bay. We are pleased to establish this alliance with Eldorado Gold and look forward to supporting the successful delivery of projects across their portfolio.”
About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities.
