Sandvik, Eldorado Gold Sign Equipment Support Pact
The companies signed a collaboration statement on October 8, 2026, during the inauguration of Eldorado's Skouries copper-gold mine in northern Greece.
Updated on Nov. 4, 2026 in Openings & Closings
Sandvik and Eldorado Gold signed a joint collaboration statement on October 8, 2026, aimed at strengthening equipment support and performance improvement across Eldorado's operations. The agreement was signed during the inauguration of the Skouries copper-gold mine in northern Greece.
Why it matters
The collaboration focuses on equipment availability, safety and productivity, which are central to mine operating performance. The statement does not include an equipment order or purchasing commitment, so its practical effect will depend on the pilot projects still being defined.
The collaboration sets improvement reviews at 30, 60 and 90 days and proposes a two-day Performance Lab workshop involving Eldorado Gold, Sandvik specialists and the local team. The pilot site and scope of the Performance Lab have not yet been agreed.
The players
Sandvik
Sandvik is a Swedish engineering group that supplies mining and rock-processing equipment and services to mining companies worldwide.
Eldorado Gold
Eldorado Gold is a Canadian gold mining company with operations in Canada, Turkey and Greece.
The details
The statement was signed at the inauguration of Eldorado's Skouries mine, following collaboration discussions held in Tampere, Finland. Support will be delivered through Sandvik's regional account teams and established local support channels, and a second initiative under review would give local teams access to factory-certified technical specialists.
Timeline
October 8, 2026: Collaboration statement signed at the Skouries mine inauguration.
April 2026: Eldorado acquired Foran Mining.
Market Landscape
The agreement extends an existing equipment relationship that Sandvik already maintains at the Lamaque, McIlvenna Bay and Olympias sites. It formalizes support arrangements for Eldorado's operations, including Skouries, within a mining-equipment market where suppliers compete on service and uptime.
For mining operators, the agreement signals planned reviews and support arrangements rather than an immediate equipment purchase. Readers should expect practical changes to service and productivity measures only as the pilot Performance Lab is defined.
The takeaway
Equipment service agreements like this one are often judged by whether agreed improvement actions are actually reviewed and delivered. Watching for the named pilot site and scope will show whether the collaboration moves beyond the signed statement.
Further reading
For more on new facilities and business moves, see Openings & Closings.
Source note: This article includes information reported by International Mining.
