Eldorado Gold Corporation announced a strategic engineering alliance with G Mining Services Inc. on March 25, 2026. The memorandum of understanding will give Eldorado access to G Mining’s integrated owners‑team approach and proven execution capabilities, covering engineering and construction support for key projects across the company’s portfolio, including Skouries, Perama Hill, Lamaque Complex, Olympias, and McIlvenna Bay.
Simon Hille, Eldorado’s Chief Operating Officer, said, 'The MoU aligns with Eldorado's strategy to maximise value from our sector‑leading growth projects by leveraging G Mining's integrated owners team approach and proven engineering and execution capabilities.' Mathieu Gignac, President and CEO of G Mining, added, 'G Mining's delivery model is built around engaged planning, talented and empowered teams, and our disciplined execution model. The approach has delivered strong outcomes across a range of projects, including our recent work at McIlvenna Bay.'
The alliance is intended to accelerate the first concentrate production at Skouries, the company’s flagship copper‑gold development. As of December 31, 2025, Phase 2 construction was 78% complete and overall project progress stood at 90%. The partnership will support mill start‑up and ramp‑up, with first concentrate expected in early Q3 2026 and commercial production projected for Q4 2026.
G Mining brings a track record of delivering complex projects on time and on budget, including the Tocantinzinho copper‑gold project in Brazil and the McIlvenna Bay copper project in Canada. The firm’s experience in integrated owners‑team delivery and constructability reviews is expected to reduce schedule and cost risks for Eldorado’s portfolio.
Eldorado’s 2024 financial results showed a 31% revenue increase to $1.3226 billion and a 69% rise in operating cash flow to $645.7 million, underscoring the company’s strong financial position. By improving project readiness and capital efficiency, the alliance is positioned to support the company’s broader transformation from a pure gold play to a diversified gold‑copper producer, potentially enhancing long‑term profitability.
Investors have responded cautiously, noting that while the partnership signals a proactive approach to execution risk, the company’s guidance remains conservative and the focus will be on delivering tangible improvements in project timelines and cost control. The market is watching for evidence that the alliance will translate into accelerated production and reduced overruns.
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