Eldorado Gold Corporation has reported a series of significant high-grade discoveries across its exploration portfolio, reinforcing the potential for mine life extensions and future production growth in Canada and Greece. The company also confirmed it has launched studies to assess a possible expansion of processing capacity at its Lamaque Complex in Quebec.
At Lamaque, recent drilling identified four new high-grade zones around the Ormaque deposit and the historic Lamaque Mine. These include the newly defined Ormaque South-East zone, extensions to the west of Ormaque, the Garnet Zone north of the deposit, and additional mineralization at Lamaque South. The results confirm the presence of multiple stacked and laterally continuous vein systems located close to existing infrastructure, strengthening the case for low-risk, capital-efficient growth. On the back of these results, Eldorado has begun studies to increase throughput at the Sigma mill from around 2,500 tonnes per day toward its fully permitted capacity of 5,000 tonnes per day.
In Greece, exploration at the Olympias mine outlined a new North West zone with high gold, silver, lead and zinc grades located within 200 metres of current underground workings. Drilling at the West Flats area also intercepted thick massive sulphide mineralization beyond the existing resource, pointing to further expansion potential. In parallel, Eldorado confirmed the discovery of a gold-copper skarn system along the Stratoni Fault, near historic mining operations, adding a new target style to the Kassandra district.
The company said these discoveries highlight strong upside across its portfolio and support continued investment in exploration. Eldorado plans a substantially expanded drilling programme in 2026 across Quebec, Greece and Turkiye, with total exploration spending expected to rise to between $75 million and $85 million as it targets both resource growth near existing mines and earlier-stage discovery opportunities.
