550 BURRARD STREET, SUITE 1188
VANCOUVER
British Columbia
Canada,
V6C 2B5
Phone: +1 (604) 687-4018
Fax: +1 (604) 687-4026
Toll Free: 1-888-353-8166
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IT'S ALL ABOUT VALUE.
ABOUT CREATING A COMPANY STRONG ENOUGH TO PROSPER. AND WISE ENOUGH TO GROW RESPONSIBLY.
Eldorado Gold Corporation, based in Vancouver, Canada, is an international gold producing company active in development and exploration. Our shares trade on the Toronto Stock Exchange (TSX) under the symbol ELD and on the New York Stock Exchange (NYSE) under the symbol EGO. ELD is on the S&P/TSX Global Gold Index and EGO is part of the Amex Gold BUGS Index.
We have superior assets in Brazil, China, Greece and Turkey - countries with substantial geological potential.
Our wholly owned Kisladag mine in western Turkey, began commercial production in July 2006, producing 70,895 ounces of gold in its first year at a cash operating cost of $206/oz. In 2007, the mine produced 135,306 ounces at a cash operating cost of $189/oz, and in 2008 it produced 190,334 ounces of gold at a cash operating cost of $254/oz.
Our 90% owned Tanjianshan mine (TJS) in western China began commercial production in February 2007. Its total production in 2007 was 138,162 ounces of gold at a cash operating cost of $288/oz. In 2008, its production was 118,468 ounces of gold at a cash operating cost of $261/oz.
In December 2008, we completed the sale of our São Bento mine in Brazil to AngloGold Ashanti for $70 million. The mine ceased ore production in January 2007. São Bento produced more than 1.8 million ounces of gold since 1987.
As at December 31, 2008, Eldorado had 7.6 million ounces of proven and probable gold reserves from 11.8 million ounces of measured and indicated gold resource and 4.2 million ounces of inferred resource. We are actively growing businesses in Brazil, China, Greece and Turkey. We are unhedged and are well positioned to experience continued growth and value. The Company, through its ongoing exploration, development and operating activities, plans to produce more than 800,000 ounces of gold annually by 2013.
For more information visit...
www.eldoradogold.com
Company NewsThursday, January 28, 2010 Eldorado Gold announced an update of the Company's Mineral Resource and Reserve as of December, 2009. Measured and Indicated have increased by approximately 80% with 21% of this growth due to exploration at the Kisladag and Efemcukuru projects in Turkey. The remainder of the increase is due to the acquisition of Sino Gold Minig which added the Jinfeng mine, White Mountain mine, Eastern Dragon and Beyinhar projects. Proven and probable Reserve have increased by 95%, with 32% coming from increases at Kisladag mine, Efemcukuru mine and Perama Hill project. News ReleasesThursday, January 28, 2010 Thursday, January 28, 2010 Thursday, January 14, 2010 Tuesday, January 12, 2010 Tuesday, December 15, 2009 Map Legend: Producer Past Producer  Development  Exploration |
