Eldorado Announces Decision to Resume Mining and Heap Leaching at Kisladag; Provides Consolidated 2019-2021 Outlook
Eldorado Gold Corporation Ordinary Shares (EGO)
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm
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Source: GlobeNewswire
VANCOUVER, British Columbia, Jan. 30, 2019 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation, (“Eldorado” or “the Company”) announces that the Company will resume mining, crushing, stacking and heap leaching at its Kisladag gold mine in Turkey. Advancement of the previously announced mill project has been suspended. The Company is also providing three year consolidated production guidance, along with detailed cost guidance for 2019. Eldorado’s President and CEO, George Burns, stated: “The Company remains focused on shareholder value in its capital allocation decisions taking into account the interests and expectations of all stakeholders. The decision to restart mining and heap leaching at Kisladag is supported by improved heap leach recoveries and confirmed by a revised heap leaching plan developed in early 2019. The revised heap leaching plan results in favourable economics when compared to milling, without the risks associated with the construction and financing of a $500 millio
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