Eldorado Gold forms engineering alliance with G Mining Services

Eldorado Gold Corporation (NYSE: EGO) announced it has entered into a memorandum of understanding with G Mining Services Inc. to establish an engineering and construction alliance for project delivery across Eldorado's portfolio.

Under the agreement, G Mining will provide engineering and construction services including early project definition, engineering support, constructability reviews, and planning for Eldorado's development activities.

The alliance will support several projects including Perama Hill, the Lamaque Complex with its Sigma Mill expansion, Skouries construction support for mill start-up and underground infrastructure, Olympias mill filtration modernization, and McIlvenna Bay studies for throughput increases and materials handling optimization.

The McIlvenna Bay work is subject to completion of Eldorado's 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 previously delivered the Tocantinzinho project in Brazil and has conducted recent work at McIlvenna Bay.

"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.

Eldorado operates gold and base metals mining, development and exploration operations in Canada, Greece and Turkey. The company's shares trade on the Toronto Stock Exchange and New York Stock Exchange.

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