Eldorado Gold’s Lamaque mine in Quebec, Canada, is set to implement ARES PRISM project controls software to help manage the underground operation.
The mine was seeking a project management tool to provide earned value management, process optimisation and accurate reporting, according to ARES PRISM.
Mehdi Bouanani, Projects and Construction Manager at Eldorado Gold Québec, said: “At Eldorado Gold Québec, we are always looking for innovations and tools to optimise our efficiency. The software ARES PRISM allows us to monitor our costs relating to our various projects closely. In addition, reports that show progress status and execution performance are useful. In general, the software meets our expectations very well.”
Eldorado Gold Québec selected Progesys, a project management firm located in Quebec, Canada, to implement ARES PRISM’s cost management software module, PRISM Cost. Progesys provided training for PRISM Cost users at Eldorado Gold and implemented the software on diverse pilot projects.
Kevin McAleese, Cost Control Specialist at Progesys, said: “By using ARES PRISM, the goal was to streamline the project control processes by centralising all data in one place, standardising and accelerating reporting, and improving the reliability and quality of the data. We implemented it conjointly with Eldorado Gold to make sure that the structure and the systems reflected their specific needs.”
With ARES PRISM, the mining organisation will be able to effectively manage the Lamaque Mine project’s budgeting, resource planning, change management, time-phasing, progress, and performance measurement, earned value management, and forecasting all in a single, central location, according to the software vendor.
Geoffrey Stubson, Chief Financial Officer of ARES Project Management LLC, said: “Eldorado Gold Québec clearly embodies its values of responsibility, integrity and accountability. ARES PRISM will help Eldorado further uphold these values by effectively managing project cost, optimising processes and providing accurate reporting.”
Lamaque began commercial production in March 2019 and is expected to mine and process more than 750,000 t of ore at an average gold grade of 6.6 g/t Au.