Eldorado Gold's Lamaque Complex Receives TSM Gold Leadership Award; Certified in Full Compliance with International Cyanide Code Management
MWN-AI** Summary
Eldorado Gold Corporation has announced that its Lamaque Complex in Val-d'Or, Québec, has received the prestigious Towards Sustainable Mining (TSM) Gold Leadership Award from the Mining Association of Canada (MAC). This award recognizes exemplary performance in responsible mining, with the Lamaque Complex achieving the top Level AAA rating across all applicable TSM performance indicators. Notably, it is the first TSM Gold Leadership Award given since 2020, with only five other facilities having received this accolade.
Eldorado's CEO, George Burns, emphasized the honor of this recognition, attributing it to the dedication of employees and the company’s commitment to responsible mining practices. Sylvain Lehoux, Vice President of Canada, also credited the award to the collaborative efforts of the team and local communities, highlighting a multi-year journey that began with the mine’s early days.
The TSM performance assessments, conducted every three years, adhere to stringent environmental and social standards, evaluating aspects such as climate change, water stewardship, safety, and community relationships. The TSM protocols are integral to Eldorado's Sustainability Integrated Management System (SIMS), designed to maintain high sustainability standards across all operations.
Moreover, the International Cyanide Management Institute has certified the Lamaque Complex in full compliance with the International Cyanide Management Code, reinforcing Eldorado’s commitment to the safe management of cyanide in gold production.
Eldorado Gold operates in Canada, Greece, and Turkey with a focus on safe and responsible mining practices. The Company’s shares are traded on both the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
MWN-AI** Analysis
Eldorado Gold Corporation’s recent accolades for its Lamaque Complex, specifically the TSM Gold Leadership Award and full compliance with the International Cyanide Management Code, mark a significant milestone that could position the company favorably in an increasingly environmentally conscious market. Such recognitions underline Eldorado's commitment to sustainable mining practices, enhancing its reputation and attractiveness to investors who prioritize ethical and responsible investments.
The TSM Gold Leadership Award represents a rare achievement, with only five facilities attaining this honor since 2020, placing Eldorado in an elite group. This recognition signifies the company's robust performance across critical sustainability indicators, ranging from water stewardship to community engagement, which can foster trust among stakeholders and enhance long-term operational stability. As investor sentiment increasingly favors companies focused on ESG (Environmental, Social, and Governance) criteria, Eldorado's commitment to responsible mining practices may yield positive investor interest and potential stock price appreciation.
The company’s full compliance with the International Cyanide Management Code further supports its operational credibility, showcasing its dedication to safe and environmentally responsible cyanide usage in its mining processes. Compliance with such international standards not only mitigates regulatory risks but also enhances operational efficiency and safety, presenting a competitive advantage.
From a market perspective, Eldorado shares (TSX: ELD, NYSE American: EGO) could see upward momentum as a result of these developments, particularly as global demand for responsibly sourced gold remains strong amid fluctuating economic conditions. Investors should consider monitoring Eldorado for potential entry points, as its strong focus on sustainability and operational integrity could yield substantial returns over the medium to long term, particularly given the current market’s shift towards responsible investment strategies. Overall, Eldorado Gold stands out as a potential leader in sustainable mining, which could be a significant driver for future growth.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
VANCOUVER, British Columbia, March 03, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (TSX: ELD, NYSE American: EGO) (“Eldorado” or the “Company”) is pleased to announce that its Lamaque Complex in Val?d’Or, Québec has received the Towards Sustainable Mining (TSM) Gold Leadership Award from the Mining Association of Canada (MAC) in recognition of its outstanding performance in responsible mining.
The TSM Gold Leadership Award recognizes mining operations that achieve Level AAA – the highest possible rating – across all applicable TSM performance indicators, as verified by independent external auditors. The Lamaque Complex earned Level AAA across its applicable indicators, reflecting excellence in the operations sustainability practices. Only five other facilities have received this recognition to date, and this is the first time it has been awarded since 2020.
“Receiving the TSM Gold Leadership Award for our Lamaque Complex is a tremendous honour for Eldorado Gold,” said George Burns, Chief Executive Officer. “This recognition reflects the dedication of our employees and our unwavering commitment to responsible mining in Québec and across our global operations, where TSM protocols are applied as a matter of practice under Eldorado’s Sustainability Integrated Management System.”
“This award belongs to our entire team, as well as our local partners and communities of interest who help guide our work and decisions,” said Sylvain Lehoux, Vice President, Canada. “This recognition reflects the care our employees take every day to operate safely, ensure a healthy environment, and work collaboratively with our local communities of interest. This was a multi-year journey that began at the earliest days of the Lamaque mine.”
TSM performance is externally verified on a three?year cycle and evaluated against rigorous environmental and social standards, including climate change, water stewardship, tailings management, Indigenous and community relationships, safety and health, biodiversity conservation, and crisis management. Eldorado applies TSM protocols across all of its global mining operations, including Canada as a mandatory requirement of membership in the Mining Association of Canada.
“The Gold Leadership Award represents the best of the best when it comes to exemplary responsible practices and strong commitments to environmental and social performance,” said Pierre Gratton, MAC’s President and CEO. “Our industry has a particularly important role to play in ensuring that the minerals and metals needed for the economy, national security, and the technologies we rely on are readily available, and it is essential that they are produced to the highest standards in the world, including through TSM.”
TSM is embedded in Eldorado’s Sustainability Integrated Management System (SIMS), which provides a set of company-wide sustainability standards that establish minimum performance requirements for the management of health, safety, environment, social performance and security. First launched in early 2021, SIMS was developed in alignment with internationally recognized standards, including TSM. SIMS is regularly reviewed and updated based on evolving standards, and is seen by the Company as a critical tool for driving its sustainability performance.
In addition to the award recognition from MAC, the International Cyanide Management Institute announced last week that the Lamaque Complex has been certified in full compliance with the International Cyanide Management Code, a voluntary industry program dedicated to the safe and environmentally responsible management of cyanide used in gold and silver production.
About Eldorado Gold
Eldorado is a gold and base metals producer with mining, development and exploration operations in Canada, Greece and Türkiye. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).
Contact
Investor Relations
Lynette Gould, VP, Investor Relations, Communications & External Affairs
647 271 2827 or 1 888 353 8166
lynette.gould@eldoradogold.com
Media
Chad Pederson, Director, Communications and Public Affairs
236 885 6251 or 1 888 353 8166
chad.pederson@eldoradogold.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a2fbde7f-b235-42e4-8ddc-8b3209ec5d51
FAQ**
How does the TSM Gold Leadership Award enhance the reputation of Eldorado Gold Corporation (EGO) within the mining industry in Vancouver and beyond?
What specific sustainable practices were recognized in the Lamaque Complex that contributed to Eldorado Gold Corporation EGO receiving the TSM Gold Leadership Award?
What impact does the TSM Gold Leadership Award have on Eldorado Gold Corporation EGO's operations and community relationships in Vancouver and Quebec?
How does Eldorado Gold Corporation EGO plan to maintain its Level AAA rating and continue improving sustainability practices post-award?
**MWN-AI FAQ is based on asking OpenAI questions about Eldorado Gold Corporation (NYSE: EGO).
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