ENGAGED AND PROSPEROUS COMMUNITIES
OUR COMMITMENT TO ENGAGED AND PROSPEROUS COMMUNITIES
From the initial stages of exploration to the eventual reclamation and rehabilitation of a mine site, we rely on the relationships with our stakeholders and Indigenous peoples to work toward socially inclusive and sustainable development.
Our relationships with local communities are fundamental to our ability to succeed and grow as a business. We recognize the unique strengths of each community, and value their collaboration and openness to dialogue.
As members of these communities, we place great value in the input received and take meaningful steps to foster these relationships. We employ a variety of mechanisms to identify and manage our actual and perceived impacts, and regularly evaluate the effectiveness of our actions.
Our teams make concerted efforts to meet with local communities, Indigenous communities, and other stakeholders in ways that reflect local cultures. All our operating sites also have formal Community of Interest (COI) Committees that play an important role for strengthening our relationships with host communities. These committees are composed of representative and local stakeholders (residents, community leaders, youth, educators, local business representatives, trade unions, vulnerable group representatives, government regulators, environmental organizations and other subject matter experts) and Indigenous representatives.
In 2025, our community relations teams continued to meet with community members through coffee and tea house visits, open office hours at our community offices, site tours, COI workshops, and community events. The conversations we have with our neighbours in these informal settings allow us to engage with our stakeholders in a way that respects their traditions and strengthens our relationships.
Through formal and informal engagements, we shared details of our development and operational plans, providing opportunities to learn about how we manage our impacts and collaborate with stakeholders and Indigenous communities on potential improvement opportunities. Our focus in these meetings is to offer opportunities for all voices in the community to be heard, ensure that our conversations are effective and encourage confidence that we are working toward outcomes that are mutually positive.
Our engagements with stakeholders and Indigenous communities highlight key focus areas for project design, community investment, community development and hiring initiatives. We host open houses and COI workshops to encourage two-way dialogue about local procurement practices, our grievance mechanism process, and operational plans, among many other topics.
We also work closely with local and regional governments on community development projects, including water and road infrastructure, investment in arts and culture programs, education support and other projects that are aligned with local and Indigenous community priorities.
Country leaders in Canada, Greece and Türkiye oversee in‑country community and government relations. They work with corporate and regional sustainability, communications, external relations and public affairs teams to develop and maintain licence to operate from local communities and government at all levels. Our CEO is ultimately responsible for the Company’s relationships with communities and governments.
Indigenous Engagement
In Canada, the mining industry is the single largest employer of Indigenous peoples and contributes to the sustainable development of Indigenous communities across the country. We have a responsibility to meaningfully consult and accommodate Indigenous communities and provide equitable access to employment, training and educational opportunities.
Our Human Rights Policy has been informed by the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) and commits us to “respecting the collective and customary rights, interests, culture and connection to the land of directly affected Indigenous peoples, if present in the area of influence”. We are committed to engaging in meaningful consultation processes with Indigenous communities, with the objective of working toward free, prior and informed consent, in accordance with applicable regulatory frameworks and throughout the life of the project. Near our Lamaque Complex, we continue to strengthen constructive, long‑term relationships with Indigenous communities and remain committed to maintaining open and respectful dialogue.
Our team in Québec works with local Indigenous communities, contractors and educational institutions to provide training and employment opportunities to Indigenous peoples. In 2025, in collaboration with the CREA Kitci–Amik, an Indigenous educational centre for adults, we continued to provide cultural awareness training to all our employees and contractors, with video capsules with local Indigenous actors to enhance understanding and respect for Indigenous cultures. The SVP, Operations, Canada, is responsible for Indigenous engagement in Québec.
We are actively involved in supporting the Lac Simon Sports Complex as part of its broader commitment to fostering meaningful and lasting relationships with the Anishnabe Nation of Lac Simon. Beyond its long‑term partnership with the community for the development of this important gathering place, the company also played a facilitating role by supporting connections between the Council of the Anishnabe Nation of Lac Simon and the World Gold Council. This support aimed to help the community navigate the funding process and engage directly with the organization, while respecting the community’s leadership and autonomy in advancing a project that contributes to social well‑being, youth development, and community vitality.
COMMUNITY INVESTMENT
Our assets are located in diverse jurisdictions, each with their own unique cultural, social and economic characteristics. Similarly, our projects differ throughout our operating regions in scale and mine life, meaning that our specific impacts on society, the environment and the economy vary from project to project.
Our operations create direct and indirect social and economic benefits for host communities in many ways, but principally through local employment, local procurement, and community investment.
Community investment contributes to the sustainable development of host communities during mining operations and has the potential to support long-term resilience, enabling communities to prosper independently of mining operations. Our approach to community investment is responsive to local needs, while maintaining the core principles of inclusion and transparency. Engaging with local stakeholders to understand our impacts as well as their goals for the sustainable development of their communities is essential to how we identify and implement community investment projects.
Each site is responsible for its own community investment initiatives, with the exception of the Kassandra Mines, which acts as a singular community investment unit on behalf of Olympias, Skouries and Stratoni. In Greece, we steadily increased our spending from the previous year to support communities local to the Kassandra Mines. This is part of our commitment to deliver $80 million in community investment programming in Greece over the Skouries life of mine.
Through SIMS, we developed Community Investment Guidance, for the purpose of advancing sustainable development in host communities through strategic community investments. This involved aligning to our values, policies and SIMS, as well as our commitments to MAC-TSM and the WGC’s RGMPs and leading international frameworks on community development and investment.
Community investment projects are first assessed and then implemented by our community relations and public relations teams at each of our sites. Country and site leaders in Canada, Greece and Türkiye are responsible for overseeing community investment projects and their contributions to sustainable development. Our VP, Health, Safety & Sustainability supports in-country teams in developing frameworks that optimize the efficacy and transparency of our community investments.
In 2025, we contributed over $7.6 million through community investment across our operations. Our top focus areas were Education & Youth, Infrastructure, and Health & Well-being. This included investments in a range of community initiatives. Examples of projects supported in 2025 include local healthcare initiatives like critical ICU equipment in the Halkidiki region in Greece, biodiversity awareness for school children in Türkiye, and community infrastructure for the Lac Simon First Nation community near our Lamaque Complex.
Eldorado’s community investment falls broadly under the following categories:
| Area of focus | Our Investments |
|---|---|
| Arts and Culture | Enabling culture and diversity of local communities through preservation of heritage and promotion of local traditions and practices |
| Economic Development | Supporting local business development, skills and capacity building in the local labour force, as well as entrepreneurship opportunities |
| Education and Youth | Fostering opportunities for childhood, youth and adult continuing studies, as well as research and education initiatives relevant to the mining sector |
| Environment | The protection and preservation of the natural environment around our mines that go well beyond regulatory requirements |
| Health and Well-being | Securing improved quality and access to local healthcare services that can operate independently and sustainably, and supporting recreational projects and sport clubs that promote healthy and active lifestyles |
| Infrastructure | Continuing the implementation and maintenance of physical infrastructure that supports community needs and a post-mine economy |
LOCAL EMPLOYMENT AND PROCUREMENT
We create local economic value where we operate through local hiring and in‑country procurement, alongside taxes, royalties, and community investments.
Our approach to “local content” is designed to strengthen regional supply chains, build in‑country capabilities, and support economic opportunities that extend beyond the life of mine. We work with communities, suppliers, and workforce partners to identify skills needs, develop local talent pipelines, and prioritize local businesses for goods and services that meet our standards.
Wherever feasible, we recruit locally, including for supervisory and senior roles where local knowledge and networks support operational performance. When local experience in mining is limited, we invest in training and skills transfer to enable long‑term employability and advancement. In 2025, local employees represented 81% of our total workforce, and 77% of our contractors were from the countries where we operate, reflecting continued progress on workforce localization and capability building. As construction advanced at Skouries, we focused on building a locally based workforce through targeted recruitment, training, and operational readiness activities, while managing labour market tightness in Greece and developing the skills required for construction and future operations roles.
We also prioritize local and national suppliers to deepen economic participation and build resilient value chains. In 2025, 89% of site procurement was sourced from in-country suppliers, and payments to local suppliers totaled $300.6 million, a 25% increase versus 2024. This growth was primarily driven by increased procurement associated with construction activities at Skouries, alongside targeted supplier engagement, qualification, and development to expand local capacity while maintaining quality, safety, and environmental standards.
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OTHER SUSTAINABILITY PILLARS
Healthy Environments Now And For The Future
We carefully plan, design and build operations to mitigate our environmental impacts, and work with host communities and governments to ensure that our operations meet acceptable standards of practice and adhere to regulations.
Safe, Inclusive And Innovative Operations
People are at the core of our business. By keeping our people safe, providing well-paid jobs and fostering inclusivity and diversity in our workforce, our operations contribute to the social and economic development of the communities in which we work.
Responsibly Produced Products
Eldorado is committed to responsibly producing gold and other metals that offer a wide range of uses. Our products advance sustainable development and contribute to economic growth around the world.