Vancouver — Eldorado Gold’s (ELD-T, EGO-X) Kisladag mine in western Turkey is now producing, having recently poured its first gold following placement of 1.4 million tonnes of ore on the leach pads earlier this year.
The heap-leach gold operation is expected to produce about 120,000 oz. gold in 2006 at estimated cash costs of US$215 per oz. Output for 2007 and beyond is projected at about 240,000 oz. annually over its 14-year mine life.
Eldorado is also continuing with permitting at its Efemcukuru gold project, also in western Turkey, where it hopes to have a mine in operation by 2008. A preliminary mine plan anticipates about 90,000 oz. gold production annually over a 12-year mine life. A feasibility study should be completed by mid-2006, with programs of infill and stepout drilling also planned for this year.
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