Eldorado Gold Appoints New COO and Senior VP of Projects
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 24 2026
0mins
Should l Buy EGO?
Eldorado Gold announced several leadership updates to strengthen operational execution, advance project development and further align regional leadership across the organization. As part of these changes, Simon Hille has been appointed Executive Vice President and COO. Hille joined the Company in 2020 and has since held progressively senior roles, most recently serving as Executive Vice President, Technical Services & Operations since November 2023. As EVP & COO, he will oversee the Company's global operations, projects, exploration, and health, safety and sustainability, with a focus on driving operational excellence, performance consistency, and disciplined execution across the portfolio. Hille has more than 30 years of experience in gold and base metals, with deep expertise in leading high-performance, cross-functional technical and operational teams to maximize value from complex ore bodies. The Company has also appointed Gordana Vicentijevic as Senior Vice President, Projects, effective May 4. Vicentijevic joins from Equinox Gold, where she held senior leadership roles with responsibility for project development and execution. She brings 28 years of experience in mining operations, project management, and the engineering design and construction of mining, oil and gas, and chemical plants. Ms. Vicentijevic holds a Bachelor of Science in Mechanical Engineering from the University of Belgrade and a Master's Degree in Engineering Management from the University of Alberta.
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Analyst Views on EGO
Wall Street analysts forecast EGO stock price to rise
7 Analyst Rating
5 Buy
1 Hold
1 Sell
Moderate Buy
Current: 34.740
Low
33.00
Averages
48.75
High
59.00
Current: 34.740
Low
33.00
Averages
48.75
High
59.00
About EGO
Eldorado Gold Corporation is a Canada-based gold and base metals producer with mining, development and exploration operations in Canada, Greece and Turkiye. The Company operates four mines: Kisladag and Efemcukuru located in western Turkiye, the Lamaque Complex in Quebec (Lamaque), Canada, and Olympias located in Northern Greece. Kisladag, Efemcukuru and Lamaque are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. Complementing its producing portfolio is its advanced stage copper-gold development project, Skouries, in Northern Greece. Its other development projects in its portfolio include Perama Hill, a wholly owned gold-silver project in Greece. Its McIlvenna Bay Deposit is a copper-zinc-gold-silver deposit. The McIlvenna Bay Property sits approximately 65 kilometers (km) West of Flin Flon, Manitoba. The McIlvenna Bay Property is part of the prolific Flin Flon Greenstone Belt located in east-central Saskatchewan.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Eldorado Gold to Release Q1 2026 Financial Results and Host Conference Call
- Earnings Release Schedule: Eldorado Gold will release its Q1 2026 financial and operational results after market close on April 30, 2026, reflecting the company's ongoing performance and growth in the gold mining sector.
- Conference Call Timing: The company will host a conference call on May 1, 2026, at 11:30 AM ET (8:30 AM PT) to discuss the financial results and address investor inquiries, enhancing stakeholder engagement.
- Webcast Access: The conference call will be webcast on Eldorado Gold's website, ensuring that global investors can access real-time updates on the company's latest developments, thereby improving transparency and communication efficiency.
- Registration and Replay Info: Participants can pre-register via a provided link, and a replay will be available until June 12, 2026, offering convenient access for investors with varying schedules to stay informed about the company's performance.
See More
Eldorado Gold's Acquisition of Foran Mining Receives Shareholder Approval
- Shareholder Vote Outcome: At a special meeting on Tuesday, over 84% of Eldorado Gold (EGO) shareholders voted in favor of acquiring Foran Mining (FMCXF), significantly surpassing the 50% threshold required, indicating strong shareholder confidence in the deal.
- Transaction Valuation: The cash-and-stock offer proposed by Eldorado in February valued the acquisition at approximately C$3.8 billion (US$2.7 billion), including debt, aiming to enhance its exposure to copper, which is increasingly sought after due to rising electrification demands.
- Board Support: The acquisition received unanimous backing from both Eldorado and Foran's boards, reflecting management's recognition of the strategic significance and future growth potential of the deal, despite external opposition.
- Market Reaction: While proxy advisor Glass Lewis advised Eldorado shareholders to oppose the deal due to concerns over overvaluation, Institutional Shareholder Services recommended supporting the acquisition, highlighting the divided opinions in the market regarding the transaction.
See More
Eldorado Gold Corporation Shareholder Meeting Voting Results
- High Shareholder Support: At the special shareholder meeting on April 7, 2026, 84.21% of shareholders voted in favor of the share issuance plan with Foran Mining Corporation, marking a significant milestone in the progress towards the Arrangement with Foran.
- Voting Participation: A total of 149,602,115 shares were voted, representing 75.31% of the outstanding common shares, indicating strong shareholder engagement and interest in the company's future direction.
- Asset Integration Outlook: Eldorado's CEO George Burns stated that acquiring McIlvenna Bay will enhance the company's asset portfolio, boosting its competitiveness in gold and copper production and reinforcing its position as a disciplined growth-oriented producer.
- Clear Next Steps: The Arrangement is subject to final court approval, with a hearing expected on April 9, 2026, and Eldorado anticipates closing the transaction around April 14, 2026, ensuring long-term value creation for shareholders and communities.
See More
Glass Lewis Recommends Against Eldorado's Acquisition Proposal
- Shareholder Voting Advice: Proxy advisor Glass Lewis recommends that investors vote against Eldorado Gold's (EGO) C$3.8 billion acquisition proposal for Foran Mining (FMCXF), arguing that Eldorado shareholders would end up with a smaller stake in the combined entity than the value they are contributing.
- Valuation Concerns: Glass Lewis highlighted that while the merger could significantly contribute to growth and cash flow in the coming years, Eldorado is paying a relatively high valuation for a single-asset mining firm that is still transitioning to commercial production.
- Major Shareholder Opposition: L1 Capital, Eldorado's third-largest shareholder, stated it would vote against the merger at the April 7 shareholder meeting if the company proceeds, labeling the proposed transaction as “one of the most value-destructive deals we have seen in decades of investing in the mid-cap mining sector.”
- Diverging Advisor Opinions: Glass Lewis's recommendation contrasts with a report from rival proxy advisor ISS, which urged Eldorado investors to support the deal, citing the long-term growth profile from a disciplined, value-focused merger between the two companies.
See More
Eldorado Gold Forms Strategic Alliance with G Mining Services
- Strategic Partnership Agreement: Eldorado Gold has signed a memorandum of understanding with G Mining Services to establish a strategic engineering and construction alliance aimed at enhancing project delivery across Eldorado's portfolio.
- Engineering Support Services: Under the MoU, G Mining will provide services including early project definition, engineering support, constructability reviews, and planning, ensuring efficiency and reliability in project execution.
- Value Maximization Strategy: COO Simon Hille stated that this collaboration aligns with Eldorado's strategy to maximize cash flow from high-quality internal growth projects by leveraging G Mining's integrated team approach and proven engineering capabilities.
- Optimized Project Delivery Model: By establishing a preferred engineering and construction partner, Eldorado aims to strengthen its project delivery model through consistent teams and a strong track record of safe execution, enhancing overall project delivery capabilities.
See More
Eldorado Gold Forms Strategic Alliance with G Mining Services
- Strategic Partnership Agreement: Eldorado Gold has signed a Memorandum of Understanding with G Mining Services to establish a strategic engineering and construction alliance aimed at enhancing project delivery efficiency and certainty across multiple projects, including Perama Hill and the Lamaque Complex.
- Project Support Services: Under the agreement, G Mining will provide engineering support, constructability reviews, and planning services to ensure smooth project development and execution activities for Eldorado, thereby improving capital efficiency and project readiness.
- Leveraging Successful Case Studies: G Mining's successful delivery of the Tocantinzinho project in Brazil serves as a foundational experience for this collaboration, which is expected to assist in de-risking and advancing projects like McIlvenna Bay toward production.
- Enhancing Cash Flow: Eldorado's COO stated that this partnership will strengthen the project delivery model through consistent teams and a reliable execution track record, further enhancing the cash flow per share derived from the company's high-quality internal growth pipeline.
See More
Eldorado Gold to Release Q1 2026 Financial Results and Host Conference Call
- Earnings Release Schedule: Eldorado Gold will release its Q1 2026 financial and operational results after market close on April 30, 2026, reflecting the company's ongoing performance and growth in the gold mining sector.
- Conference Call Timing: The company will host a conference call on May 1, 2026, at 11:30 AM ET (8:30 AM PT) to discuss the financial results and address investor inquiries, enhancing stakeholder engagement.
- Webcast Access: The conference call will be webcast on Eldorado Gold's website, ensuring that global investors can access real-time updates on the company's latest developments, thereby improving transparency and communication efficiency.
- Registration and Replay Info: Participants can pre-register via a provided link, and a replay will be available until June 12, 2026, offering convenient access for investors with varying schedules to stay informed about the company's performance.
See More
Eldorado Gold's Acquisition of Foran Mining Receives Shareholder Approval
- Shareholder Vote Outcome: At a special meeting on Tuesday, over 84% of Eldorado Gold (EGO) shareholders voted in favor of acquiring Foran Mining (FMCXF), significantly surpassing the 50% threshold required, indicating strong shareholder confidence in the deal.
- Transaction Valuation: The cash-and-stock offer proposed by Eldorado in February valued the acquisition at approximately C$3.8 billion (US$2.7 billion), including debt, aiming to enhance its exposure to copper, which is increasingly sought after due to rising electrification demands.
- Board Support: The acquisition received unanimous backing from both Eldorado and Foran's boards, reflecting management's recognition of the strategic significance and future growth potential of the deal, despite external opposition.
- Market Reaction: While proxy advisor Glass Lewis advised Eldorado shareholders to oppose the deal due to concerns over overvaluation, Institutional Shareholder Services recommended supporting the acquisition, highlighting the divided opinions in the market regarding the transaction.
See More
Eldorado Gold Corporation Shareholder Meeting Voting Results
- High Shareholder Support: At the special shareholder meeting on April 7, 2026, 84.21% of shareholders voted in favor of the share issuance plan with Foran Mining Corporation, marking a significant milestone in the progress towards the Arrangement with Foran.
- Voting Participation: A total of 149,602,115 shares were voted, representing 75.31% of the outstanding common shares, indicating strong shareholder engagement and interest in the company's future direction.
- Asset Integration Outlook: Eldorado's CEO George Burns stated that acquiring McIlvenna Bay will enhance the company's asset portfolio, boosting its competitiveness in gold and copper production and reinforcing its position as a disciplined growth-oriented producer.
- Clear Next Steps: The Arrangement is subject to final court approval, with a hearing expected on April 9, 2026, and Eldorado anticipates closing the transaction around April 14, 2026, ensuring long-term value creation for shareholders and communities.
See More
Glass Lewis Recommends Against Eldorado's Acquisition Proposal
- Shareholder Voting Advice: Proxy advisor Glass Lewis recommends that investors vote against Eldorado Gold's (EGO) C$3.8 billion acquisition proposal for Foran Mining (FMCXF), arguing that Eldorado shareholders would end up with a smaller stake in the combined entity than the value they are contributing.
- Valuation Concerns: Glass Lewis highlighted that while the merger could significantly contribute to growth and cash flow in the coming years, Eldorado is paying a relatively high valuation for a single-asset mining firm that is still transitioning to commercial production.
- Major Shareholder Opposition: L1 Capital, Eldorado's third-largest shareholder, stated it would vote against the merger at the April 7 shareholder meeting if the company proceeds, labeling the proposed transaction as “one of the most value-destructive deals we have seen in decades of investing in the mid-cap mining sector.”
- Diverging Advisor Opinions: Glass Lewis's recommendation contrasts with a report from rival proxy advisor ISS, which urged Eldorado investors to support the deal, citing the long-term growth profile from a disciplined, value-focused merger between the two companies.
See More
Eldorado Gold Forms Strategic Alliance with G Mining Services
- Strategic Partnership Agreement: Eldorado Gold has signed a memorandum of understanding with G Mining Services to establish a strategic engineering and construction alliance aimed at enhancing project delivery across Eldorado's portfolio.
- Engineering Support Services: Under the MoU, G Mining will provide services including early project definition, engineering support, constructability reviews, and planning, ensuring efficiency and reliability in project execution.
- Value Maximization Strategy: COO Simon Hille stated that this collaboration aligns with Eldorado's strategy to maximize cash flow from high-quality internal growth projects by leveraging G Mining's integrated team approach and proven engineering capabilities.
- Optimized Project Delivery Model: By establishing a preferred engineering and construction partner, Eldorado aims to strengthen its project delivery model through consistent teams and a strong track record of safe execution, enhancing overall project delivery capabilities.
See More
Eldorado Gold Forms Strategic Alliance with G Mining Services
- Strategic Partnership Agreement: Eldorado Gold has signed a Memorandum of Understanding with G Mining Services to establish a strategic engineering and construction alliance aimed at enhancing project delivery efficiency and certainty across multiple projects, including Perama Hill and the Lamaque Complex.
- Project Support Services: Under the agreement, G Mining will provide engineering support, constructability reviews, and planning services to ensure smooth project development and execution activities for Eldorado, thereby improving capital efficiency and project readiness.
- Leveraging Successful Case Studies: G Mining's successful delivery of the Tocantinzinho project in Brazil serves as a foundational experience for this collaboration, which is expected to assist in de-risking and advancing projects like McIlvenna Bay toward production.
- Enhancing Cash Flow: Eldorado's COO stated that this partnership will strengthen the project delivery model through consistent teams and a reliable execution track record, further enhancing the cash flow per share derived from the company's high-quality internal growth pipeline.
See More
