Eldorado Gold Secures Ormaque Operating Authorization, Boosting Lamaque Complex Production

Event summary

  • Eldorado Gold received the Operating Authorization for the Ormaque deposit at the Lamaque Complex in Val-d’Or, Quebec, on March 16, 2026.
  • The authorization allows mining and delivery of high-grade underground ore to the Sigma Mill, enhancing production flexibility.
  • Ormaque benefits from existing infrastructure, including underground access and proximity to the Sigma Mill.
  • New high-grade zones identified around Ormaque, including the Ormaque South-East Zone and the Ormaque West extension, suggest potential for future mill feed and mine life extension.
  • Eldorado is advancing studies to increase the Sigma Mill's throughput capacity from 2,500 to 5,000 tonnes per day.

The big picture

Eldorado Gold's receipt of the Operating Authorization for the Ormaque deposit marks a strategic milestone in enhancing the Lamaque Complex's production flexibility. The discovery and development of new high-grade zones around Ormaque, coupled with plans to expand the Sigma Mill's throughput capacity, position the Lamaque Complex as a cornerstone asset within Eldorado's portfolio. This development underscores the company's ability to efficiently advance discoveries through to operating approval in Quebec, supported by a strong land position and positive working relationships with local regulators.

What we're watching

Exploration Upside
How the identification of new high-grade zones around Ormaque will impact future mill feed and mine life extension.
Mill Expansion
Whether Eldorado can successfully increase the Sigma Mill's throughput capacity to support higher production levels.
Regional Growth
The pace at which Eldorado can leverage existing infrastructure and regional exploration success to support future growth opportunities.