With high grades and mine lives in excess of 25 years, Skouries and Olympias will be strong cash generators and our future cornerstone operations. Eastern Dragon also adds high-grade, low-cost gold ounces to our future production profile.

Development Highlights



Skouries is a high-grade gold-copper project. It will initially operate as an open pit mine for about seven years, followed by approximately 20 years of underground development. The project benefits from a simple metallurgical process and will produce a clean copper-gold concentrate via flotation as well as doré from a gravity circuit.


Olympias is a pre-existing gold-silver-leadzinc underground mine. It has very high in-situ gold grades and an orebody that will allow for mining rates of up to one million tonnes per annum. We are redeveloping Olympias in three phases.

Eastern Dragon

Eastern Dragon is a high-grade gold-silver deposit in northern China. It will start operating as a small open pit mine and then become an underground mine. After receipt of the final permits, four months of construction will be required to move the project into production by late 2015.

In 2014, Eldorado partnered with CDH Investments, who acquired a 20% interest in the project.

Phase II, beginning in 2016, involves processing ore from the underground through the refurbished mill using a flotation process to produce three concentrates: lead-silver, zinc and gold-bearing pyrite-arsenopyrite.