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Eldorado Lowers Guidance on Kişladağ
Citing lower recoveries, Eldorado Gold has revised its 2017 guidance for the Ki ladag gold mine in Turkey to 170,000 ounces (oz) to 180,000 oz at cash costs of $500/oz to $550/oz. At the beginning of the year, the company was expecting Ki ladag to produce 230,000 oz to 240,000 oz. Guidance for 2018 and beyond, according to the company, is currently under review. During the third quarter, a significant amount of laboratory test work was undertaken, primarily focused on the zone of mineralization located around the base of the open pit where mining is currently under way. Monthly composite samples from material recently placed on the pad, even with adjusted solution chemistry, have indicated lower gold recoveries.
Eldorado Lowers Guidance on Kişladağ
Citing lower recoveries, Eldorado Gold has revised its 2017 guidance for the Ki ladag gold mine in Turkey to 170,000 ounces (oz) to 180,000 oz at cash costs of $500/oz to $550/oz. At the beginning of the year, the company was expecting Ki ladag to produce 230,000 oz to 240,000 oz. Guidance for 2018 and beyond, according to the company, is currently under review. During the third quarter, a significant amount of laboratory test work was undertaken, primarily focused on the zone of mineralization located around the base of the open pit where mining is currently under way. Monthly composite samples from material recently placed on the pad, even with adjusted solution chemistry, have indicated lower gold recoveries.
Eldorado Lowers Guidance on Kişladağ
2017
Article (Journal)
English
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