Eldorado Gold has entered into a project alliance in the form of a memorandum of understanding (MoU) with G Mining Services, establishing a strategic engineering and construction alliance to support project delivery across Eldorado’s portfolio.
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, an epithermal gold-silver deposit located in the Thrace region of northern Greece.
- Lamaque Complex in Val-d’Or, Quebec, including the Sigma Mill expansion.
- Skouries in the Halkidiki Peninsula of Greece, including construction support to complete mill start-up and ramp up, as well as underground project infrastructure.
- Olympias in the Halkidiki Peninsula of Greece, including the mill filtration modernization project and supporting facility upgrades.
- McIlvenna Bay in Saskatchewan, Canada, 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 Hille, 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.”
Hille continued, “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.”
Source: Eldorado Gold