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 agreement, 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, such as the Lamaque Complex in Val-d’Or, Quebec, Canada, and McIlvenna Bay in Saskatchewan (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.”