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Eldorado Gold Announces 15 Year Mine Life at KisladagThe 21st China (Guangzhou)Int’l Fastener & Equipment Exhibition
3/3/2020 fastener expo |
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Eldorado Gold Corporation announced a 15-year mine life at Kisladag based on the completed long-cycle heap leach testwork and the replacement of the tertiary crushing circuit with a high-pressure grinding roll circuit. President and CEO George Burns said “Kisladag has been the cornerstone asset of Eldorado for over a decade, producing over three million ounces of gold and generating significant value for all stakeholders during that period. Following the resumption of full operations last spring, and the significant work and testing undertaken by the Eldorado team over the past 18 months, we are pleased to announce a mine life extension at Kisladag that puts this asset back in the core of our portfolio. Based on these positive developments, we are providing a five-year outlook for the business, which demonstrates a steady production profile that we expect will allow us to continue to de-lever the balance sheet and provide a solid foundation for future growth.”
Kisladag Update
Results of the testwork indicate that increased leach time at Kisladag, in conjunction with HPGR, increases heap leach life of mine recovery to approximately 56% and extends mine life through 2034. A new mineral reserve has been developed for Kisladag; highlights include
Updated Proven and Probable Mineral Reserves of 173.2 million tonnes of ore at 0.72 grams per tonne, containing 4.0 million ounces of gold (table shown at the end of the release).
15 year mine life, with operations continuing through 2034
Average annual production of approximately 160,000 ounces per year at an average cash cost of $675 – 725 per ounce of gold sold and an average all-in sustaining costs of $800 – 850 per ounce of gold sold.
The Company believes there is potential for further increases in recovery with optimization of the HPGR circuit, which could lead to higher gold production
An average strip ratio over the remaining life of the mine of 1.1 to 1
紧固件展-2020第二十一届广州国际紧固件及设备展览会-巨浪展览
-The 21st China (Guangzhou)Int’l Fastener & Equipment Exhibition
- Fastener exhibition,2020 Fastener exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2020 Fastener expo, China Fastener expo, Guangzhou Fastener expo
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