Eldorado Gold reports Q3 preliminary gold production of 101,596 oz.
Eldorado Gold reported preliminary Q3 total gold production of 101,596 ounces for Q3 and 276,376 ounces year to date. Guidance for 2019 remains unchanged. Recent test results from Kisladag support an extension of mine life beyond the company's current three year guidance. Waste stripping to support a mine life extension will commence prior to the end of October. Test work is still ongoing to determine the ultimate heap leach recovery of this material and thus the ultimate length of the mine life extension. Estimated expenditure for waste stripping in 2019 is $4M. Production at Olympias was lower than plan. During Q3 measures to increase production volumes were continued in key areas of the operation and will support the ramp up towards 2020 and beyond. These measures included increased capital development resources and other operational improvement initiatives.