Eldorado Gold Enters into Project Alliance with G Mining Services

The most recent news (March 25, 2026) announces a strategic Project Alliance with G Mining Services Inc. This Memorandum of Understanding (MoU) integrates G Mining’s engineering and construction expertise across Eldorado’s global portfolio, specifically targeting the completion of Skouries, the Sigma Mill expansion at Lamaque, and the integration of the newly acquired McIlvenna Bay project. Concurrently, Eldorado received a "FOR" recommendation from ISS regarding its acquisition of Foran Mining, a critical step toward closing the transformational copper-gold merger.

• Operational De-risking: The alliance with G Mining is a proactive response to recent setbacks at Skouries (capacitor damage and power delays). By leveraging a team that recently worked on McIlvenna Bay, Eldorado is attempting to ensure "delivery certainty" for its 2026-2027 growth targets.
• M&A Progress: The ISS recommendation significantly increases the probability of the Foran Mining acquisition closing in Q2 2026. This is material as it adds a high-grade Canadian copper asset to a portfolio currently heavy on Turkish and Greek jurisdictional risk.
• Incremental vs. Game Changer: While the alliance is "Routine - Positive" as it supports existing projects, the combined weight of the Foran acquisition and the imminent startup of Skouries represents a "Material - Positive" shift in the company's fundamental profile from a mid-tier gold producer to a high-margin gold-copper major.

Eldorado Gold is a mid-tier producer with operations in Canada (Lamaque), T\u00fcrkiye (Kisladag, Efemcukuru), and Greece (Olympias). - Flagship Project: The Skouries Project in Greece. It is a gold-copper porphyry deposit currently 90% complete. It is expected to produce 135k-155k oz of gold and 45m-60m lbs of copper annually once at full capacity, operating with negative AISC due to copper by-product credits.