EGO News & Events

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.

Eldorado Gold has received from the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks its Operating Authorization for the Ormaque deposit at the Lamaque Complex in Val-d'Or, Quebec. The Operating Authorization allows Ormaque to mine and deliver high-grade underground ore to the Sigma Mill and unlocks the value of development capital already invested at the Lamaque Complex. Ormaque is located within the Lamaque Complex and benefits from existing infrastructure, including underground access developed from the Triangle-Sigma decline and proximity to the Sigma Mill. The addition of Ormaque enhances Lamaque's production flexibility by providing an additional source of high-grade feed that will be sequenced and blended alongside ore from the Triangle deposit. "We are proud of the strong evolution of the Lamaque Complex since Eldorado's acquisition, particularly given the relatively short period of time in which this progress has been achieved," said George Burns, Chief Executive Officer. "The Ormaque Operating Authorization demonstrates our ability to advance a discovery, reported in January 2020, efficiently through to operating approval in Quebec, supported by highly prospective geology across a strong land position. Ormaque provides an additional source of high-grade ore to support the Sigma Mill, enhances our production flexibility, and builds on the investment our operating team has made in underground development. With ongoing drilling aimed at expanding the deposit, Ormaque further reinforces the Lamaque Complex as a cornerstone asset within Eldorado's portfolio. Of equal importance, bringing Ormaque online helps sustain existing employment while also creating new job opportunities and generating long-term economic benefits for the Val-d'Or region. This achievement also demonstrates our continued positive working relationship with the Ministry and the Government of Quebec."