What Eldorado Gold Québec does

Eldorado Gold Québec is the Quebec operating subsidiary of Eldorado Gold Corporation (TSX:ELD, NYSE:EGO), responsible for the Lamaque Mining Complex in Val-d'Or, Abitibi-Témiscamingue. The complex entered commercial production in March 2019 and consists of the underground Lamaque mine, the Sigma processing plant using cyanide leaching and gold recovery, and surface facilities including the Cité de l'Or visitor center. The subsidiary employs 575+ workers and produced 187,208 ounces of gold in 2025, reaching a cumulative milestone of one million ounces since operations began. Gold is sold to refineries and commodity markets under standard primary-producer distribution, with revenue determined by prevailing spot prices; the subsidiary does not disclose pricing publicly.

The company differentiates itself through proprietary environmental technologies: the ECOMUD™ closed-loop water treatment system for drilling operations (developed with ASDR-Environnement and now in commercialization), full conversion of its approximately 100-unit mobile mining fleet to canola-based biodegradable oils (a first in Québec mining, developed with Interlube), and pilot programs for ammoniacal nitrogen treatment and progressive tailings revegetation in partnership with Université de Sherbrooke, Université Laval, and UQAT. These innovations are governed by the SIMS integrated sustainable development management system and validated through external certifications including UL ECOLOGO (obtained January 2023), TSM AAA external evaluation results, and International Cyanide Management Code compliance.

The subsidiary operates with a heavily community-embedded model. An independent 16-member Comité de suivi has provided multi-stakeholder oversight since 2015, 92% of the workforce is sourced from the Abitibi-Témiscamingue region, and CAD 361.6 million in local procurement was deployed in 2025. Active partnerships span the Conseil de la Nation Anishnabe de Lac Simon and Kitcisakik (Indigenous engagement and a 10-year sports complex development), municipal and school authorities (schoolyard greening, urban orchard), regional NGOs, and academic institutions. The principal forward-looking strategic priorities are advancing the Ormaque project as a second production hub, extending mine-life economics via a 25% mineral reserves increase, and achieving voluntary carbon neutrality for surface exploration.

Name

Eldorado Gold Québec

Legal name

Eldorado Gold Québec

Website

https://eldoradogoldquebec.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

Eldorado Gold Québec operates the Lamaque Mining Complex in Val-d'Or as the regional subsidiary of Eldorado Gold Corporation (TSX:ELD, NYSE:EGO). It produces gold from underground and surface mining operations, employs 575+ workers, and deploys proprietary environmental technologies with deep regional community engagement.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Precious Metals Ore Processing & Beneficiation (IMAKAEAD), Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Gold mining operations
• Underground gold extraction
• Mineral exploration services
• Ore processing facilities
• Tailings management systems

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Gold Production and Sales: Eldorado Gold Québec generates revenue through the commercial production and sale of gold from the Lamaque Mining Complex. The complex produced 187,208 ounces of gold in 2025, with cumulative production reaching 1 million ounces in 2025. Gold is sold to refiners and commodity markets.
2. Exploration Services: The company conducts mineral exploration activities for its own assets and is developing the Ormaque project, expected to become a second production hub.
3. Technology Licensing (ECOMUD): Eldorado operates the ECOMUD system at its Val-d'Or drilling site and has authorized ASDR to use its operations as a technology showcase, with plans for commercialization of the ECOMUD system to other mining and exploration companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Eldorado Gold Québec operates the Lamaque Mining Complex in Val-d'Or, Quebec, producing gold through underground mining and ore processing at the Sigma mill. The company entered commercial production in 2019, reaching 1 million cumulative ounces by 2025 with 187,208 ounces produced in 2025 alone, and sells its gold output to refineries and commodity markets. It also conducts mineral exploration activities across the Val-d'Or region and is developing the Ormaque project as a second production hub.

Product overview

Eldorado Gold Québec operates as a gold mining company focused on the Lamaque Mining Complex, which entered commercial production in 2019. The company's core operations include the Lamaque underground mine and Sigma processing plant, with the Ormaque Mine under development as a second production hub. The company also conducts exploration activities across the Val-d'Or region with environmental innovations including the ECOMUD water treatment system for drilling operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Complexe minier Lamaque (Lamaque Mining Complex) Primary gold mining operation comprising underground mining and the Sigma processing plant that produces gold ore concentrate for sale to refiners and commodity markets; entered commercial production in 2019 in Val-d'Or, Quebec.
• Exploration Services

Quantifiable outcome

• 187,208 ounces of gold produced in 2025
• +7 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Conseil de la Nation Anishnabe de Lac SimoncoreStrategic or Co-development Partner · 21 June 2025Ongoing relationship with the Anishnabe Nation of Lac Simon, on whose unceded traditional territory the Lamaque Complex operates. A 10-year partnership was concluded for the development of a sports complex. Collaboration includes employment programs, cultural initiatives, consultation mechanisms, and joint research with UQAT on employment retention for Lac Simon and Kitcisakik community members.
• ASDR (now ASDR-Environnement)coreTechnology or Integration · 2 November 2021Eldorado Gold Québec partnered with ASDR to develop and commercialize the ECOMUD™ closed-loop drilling water treatment system. ASDR was authorized to use Eldorado's Val-d'Or drilling site as a technology showcase for commercialization to other mining and exploration companies. The partnership involves joint research and development of water treatment solutions for mining operations.
• Université du Québec en Abitibi-Témiscamingue (UQAT)coreStrategic or Co-development Partner · 30 September 2021Research partnership with UQAT on insertion and retention in employment for members of the Lac Simon and Kitcisakik Indigenous communities. UQAT also collaborated on the ozone treatment pilot project at the Sigma tailings facility using a mobile unit operated in partnership with ASDR-Environnement.
• Association forestière de l'Abitibi-Témiscamingue (AFAT)coreStrategic or Co-development Partner · 6 August 2021Partnership for the implementation of the voluntary Energy and Ecological Balance Plan, targeting carbon neutrality for surface exploration activities by 2025. AFAT oversees massive tree planting (13,000 trees per year) and environmental education activities. AFAT is a non-profit organization with 78 years of experience in forest education, reaching 6,000+ youth annually in regional schools.
• La Fondation des Canadiens pour l'enfancecoreStrategic or Co-development Partner · 1 February 2021Partnership for the Bleu Blanc Bouge ice rink project in collaboration with the City of Val-d'Or. Eldorado's $400,000 contribution enabled construction of a permanent roof over the rink to maximize year-round use, making the facility accessible to all Val-d'Or citizens.
• Centre de services scolaire de l'Or-et-des-Bois (CSSOB)coreStrategic or Co-development Partner · 4 October 2020Partnership for schoolyard greening projects, with at least one school per year receiving outdoor renovation through 2025. The first completed schoolyard at École intégrée d'Or-et-des-Champs (Sullivan sector, Val-d'Or) received 36 mature trees, 25 shrubs, and 218 perennials. The partnership supports environmental education and carbon offset objectives.
• MRC de La Vallée-de-l'Or (MRCVO)coreStrategic or Co-development Partner · 19 August 2020Partnership for acquiring over 15,000 metric tonnes of compost produced by MRC residents for progressive restoration of tailings cells at the Sigma tailings facility. The compost comes from organic materials from selective collection, septic tank sludge, and wastewater treatment plant sludge from the City of Val-d'Or.
• Embellir Val-d'OrcoreStrategic or Co-development Partner · 31 May 2019Partnership for the creation and maintenance of the Verger urbain Eldorado (urban orchard) in downtown Val-d'Or. The project, located adjacent to the Community Garden, includes fruit trees (pear, haskap, apple, plum) and an insect hotel to promote biodiversity and food donations to the community.
• Université de Sherbrooke and Université LavalminorStrategic or Co-development Partner · 1 January 2019Research partnerships with Université de Sherbrooke and Université Laval for the development of vegetation cells on tailings sites, studying vegetation behavior and root development to predict and plan progressive restoration of the Sigma tailings facility beginning in 2024.
• InterlubecoreTechnology or Integration · 1 January 2019Lubricant supplier that collaborated with Eldorado to develop and adapt canola-based biodegradable oils for heavy mobile mining equipment, resulting in the conversion of approximately 100 underground and surface equipment units — a first in Quebec's mining industry.
• Comité de suivi Eldorado Gold QuébeccoreStrategic or Co-development Partner · 27 May 2015An independent community oversight committee established in 2015, comprising 16 active members plus alternates representing different sectors of Grand Val-d'Or and residents of neighborhoods neighboring the Lamaque Complex. The committee is coordinated with support from Eldorado Gold Québec and the firm Transfert Environnement et Société, maintaining a structured dialogue channel and contributing to continuous improvement of mining operations.
• Transfert Environnement et SociétécoreImplementation/ SI/ Consulting Partner · 27 May 2015External consulting firm that has accompanied the Comité de suivi since its inception in 2015, providing coordination, documentation, and facilitation services. Benoît Théberge serves as the key contact representing the firm on the Follow-up Committee.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• IAMGOLD Corporation: Toronto-based gold producer with the Westwood complex near Rouyn-Noranda and the Côté Lake mine in northern Ontario, plus the Boto project in Senegal. Directly comparable mid-tier Canadian gold miner with Quebec operations.
• Centerra Gold Inc. Canadian-based gold miner with Mount Milligan in BC and Öksüt in Turkey (now demoted following sale), plus the Kemess project. Comparable mid-tier gold producer with mixed jurisdictions.
• B2Gold Corp. Canadian intermediate gold producer operating the Fekola mine in Mali and Otjikoto in Namibia. Comparable mid-tier gold producer with a focus on responsible mining practices.
• New Gold Inc. Intermediate gold producer with Rainy River mine in Ontario and New Afton in BC. Comparable mid-tier gold producer focused on operational efficiency and ESG positioning in Canada.
• Wesdome Gold Mines Ltd. Canadian underground gold producer operating the Eagle River and Kiena mines in Ontario/Quebec. Comparable mid-cap underground gold producer with operations in neighboring provinces of the Canadian Shield.
• Agnico Eagle Mines Limited: Largest Canadian gold producer with multiple operations in Quebec/Abitibi (LaRonde, Canadian Malartic, Goldex). Directly comparable as a primary underground gold miner in the same Quebec region with similar ESG and Indigenous engagement focus.
• Alamos Gold Inc. Canadian intermediate gold producer operating Young-Davidson and Island Gold in Ontario plus Mulatos in Mexico. Comparable mid-tier producer focused on underground Canadian operations and ESG programs.
• Osisko Mining Inc. Quebec-focused gold explorer/developer advancing the Windfall project in the Abitibi region. Highly comparable as a gold-focused operator in the same Val-d'Or/Abitibi jurisdiction targeting similar geology.

Others

• Mining Association of Canada (MAC): Industry association that administers the Towards Sustainable Mining (TSM) program under which Eldorado Gold Québec achieved its AAA rating. Not a competitor, but a defining ecosystem stakeholder for ESG-certified Canadian miners.

Emerging players

• Probe Gold Inc. Emerging Quebec-focused gold explorer with the Novador project near Val-d'Or. Adjacent operator developing the next generation of Val-d'Or/Abitibi gold assets with similar geological footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/eldoradogoldquebec

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eldorado Gold Québec