Celebrating One Million Ounces of Gold at our Lamaque Complex

Our team at the Lamaque Complex in Quebec achieved a milestone this month by pouring the one-millionth ounce of gold since starting commercial production in 2019, following record gold production in 2024. This achievement reflects the dedication and collaboration of all employees and contractors who have contributed to our success.
From its first ounce of production to today, the Lamaque Complex has prided itself on being an integral part of the local community, striving for continuous improvement, and thinking about the future.

A Focus on Community

Since 2019, Eldorado Gold Québec has made its mark on the Abitibi-Témiscamingue region. The production of one million ounces of gold has a significant economic impact, contributing to local economic growth and generating positive spin-offs for the community. 

Eldorado Gold Québec has contributed to the creation of more than 700 direct and indirect jobs, local development and the establishment of various social initiatives. Over the years, more than $2.5 million has been granted in community investments. In addition, we seek to create sustainable business opportunities; more than $810 million has been invested in goods and services, 85% of which are made from Témiscabitibiens suppliers.

Driving Innovation

Recently, we introduced tele-remote technology to our Quebec operations which allows for greater production efficiency, and improved health and safety for our staff. Our teams use teleoperation and automation of underground equipment, reducing downtime and enabling mine personnel to operate mobile equipment from virtually anywhere. We’ve also added two battery-electric underground ore hauling trucks to our fleet, the first of their kind in Quebec.

The Future is Bright

Looking ahead, we have a significant opportunity at our Lamaque Complex. In December, we announced our inaugural Mineral Reserve at Ormaque, with 619,000 ounces of gold. With the development of the Ormaque deposit, we will be adding a second underground mine to the Lamaque Complex, which provides operational flexibility and efficiency as we leverage the existing plant and infrastructure. It also supports continuing to build on the benefits of the Lamaque Complex for the Abitibi-Témiscamingue for years to come.