Eldorado Gold plans to review 2021 production guidance on 'strong performance' in 9M 2021
(Kitco News) - Eldorado Gold today announcedQ3 2021 preliminary gold production of 125,459 ounces, an 8% decrease from136,922 ounces produced in Q3 2020 and an 8% increase from 116,066 ouncesproduced in Q2 2021.
Eldorado said that based onstrong production performance in the first nine months of 2021, the company isreviewing the full year 2021 production guidance ranges and will provide anupdate with the release of its financial and operational results on October 28,2021.
In Canada, the company saidthat its Q3 2021 gold production at Lamaque remained on track with boththroughput and grade in-line with 2021 plans. The decline connecting the Sigmamill with the Triangle underground mine is progressing on schedule and isexpected to be completed in the fourth quarter.
Eldorado added that in Turkey,Kisladag "performed well" in Q3 2021 with gold production higher thanpreviously forecast. Several operational improvements implemented in the mine,crushing circuit, and leach pad earlier this year are resulting in increasedthroughput. The commissioning of the high-pressure grinding roll (HPGR) circuitremains on track.
At Efemcukuru, goldproduction, throughput, and average gold grade were in-line with expectations,the company added.
In Greece, the company saidit continues to target efficiency and productivity improvements at Olympias.The long-term benefits in safety, culture, and productivity will result in astronger operation with greatly enhanced economic opportunities, the companynoted.
Eldorado is a gold and basemetals producer with mining, development and exploration operations in Turkey,Canada, Greece, Romania, and Brazil.
By Vladimir BasovFor Kitco News
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