Energy and Climate Change at Skouries

Skouries has also been designed with meaningful consideration of energy consumption and climate change. One such way is that, over the life of the mine, production will transition from ore mined from the open pit to underground, the latter of which is generally a less emissions-intense method and may provide opportunities to implement energy-saving and low-carbon technologies. Current projects at Eldorado’s other sites, such as ventilation on demand at Olympias and Lamaque’s first electric haul truck, not only contribute to current energy savings and GHG emissions mitigations, but also act as early learning opportunities for similar technologies that can be considered for potential integration at Skouries. The project is also designed and constructed with careful considerations of climate- related physical risks.

Eldorado’s current GHG emissions mitigation target applies only to operational sites. When Skouries enters commercial production, it is expected to significantly change Eldorado’s GHG emissions profile. As Skouries advances toward commercial production, we expect to include the mine within a renewed GHC target aligned with our Climate Change Strategy.