Eldorado secures operating authorisation for Ormaque deposit

Core Insights - Eldorado Gold has received operating authorization for the Ormaque deposit at the Lamaque Complex, allowing the commencement of high-grade underground ore mining [1][6] - The Ormaque deposit enhances production flexibility by providing an additional high-grade ore source that can be blended with material from the Triangle deposit [2][7] Group 1: Operational Developments - The Lamaque Complex includes multiple deposits such as Triangle, Parallel, and Ormaque, all supplying ore to the Sigma Mill [2] - The Ormaque SE Zone consists of high-grade gold veins located between 400 and 900 meters below the surface, with potential for further exploration [3] - Eldorado plans to continue drilling at Ormaque in 2026 to explore lateral and depth extensions, integrating geological exploration with existing infrastructure [4] Group 2: Infrastructure and Capacity Expansion - Studies are being conducted to expand the Sigma Mill's throughput capacity from approximately 2,500 tonnes per day (tpd) to a permitted capacity of 5,000 tpd [5] - The proximity of the Ormaque deposit to the Sigma Mill is expected to contribute to extending the mine life and enhancing operational flexibility [3][4] Group 3: Strategic Importance - The Ormaque operating authorization reflects the company's ability to efficiently advance discoveries to operational approval, supported by strong geological prospects [6] - The addition of Ormaque as a high-grade ore source reinforces the Lamaque Complex as a cornerstone asset within Eldorado's portfolio [7]