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Eldorado Gold Announces Third Quarter 2023 Preliminary Production and Conference Call Details; Provides Project Update on Skouries
VANCOUVER, British Columbia, Oct. 01, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces third quarter 2023 preliminary
About this update from Eldorado Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 01, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces third quarter 2023 preliminary gold production of 120,042 ounces and year-to-date preliminary gold production of 340,986 ounces. Eldorado remains on track to achieve consolidated full-year guidance of 475,000 – 515,000 ounces, with operations delivering as expected. Production, by asset, is outlined in the table below. Q3 2023 Preliminary Gold Production Production (oz) Mine Q3 2023(1) Q2 2023 Q1 2023 Kisladag 37,485 34,180 37,160 Lamaque 42,691 38,745 37,884 Efemcukuru 21,170 22,644 19,928 Olympias 18,696 13,866 16,537 Total Gold Production (oz) 120,042 109,435 111,509 Production (oz) Mine 9 months ending Sept. 30, 2023(1) Guidance 2023 Kisladag 108,825 160,000 – 170,000 Lamaque 119,320 170,000 – 180,000 Efemcukuru 63,742 80,000 – 90,000 Olympias 49,099 60,000 – 75,000 Total Gold Production (oz) 340,986 475,000 – 515,000 (1) Production figures are preliminary and may vary from final figures slightly. Eldorado Gold will release its Q3 2023 financial and operating results on October 26, 2023. Canada At Lamaque, third quarter production increased slightly over the first and second quarter. Production was impacted by slower than expected development in the underground as a result of suspended shifts in the second quarter due to the wildfires in the region. In the fourth quarter, we expect to continue to push development, allowing access to higher grade stopes from the C4 zone. Turkiye Third quarter gold production at Kisladag increased by 1% and 9% over the first and second quarter, respectively. The increased production was driven by the successful commissioning of the agglomeration drum that was added to the crushing circuit in the second quarter and tonnes placed on the heap leach pad have continued to increase as a result of the higher-capacity grasshopper conveyors and radial stacker. The larger surface area of the newly commissioned north heap leach pad has enabled the full capacity of the 54” (larger) stacking equipment to increase ore tonnes placed andalong with the higher irrigation flow rates in the fourth quarter is expected to provide a strong finish to the year. At Efemcukuru, gold production, throughput and average gold grade were in line with plan. Gre...