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 is a gold mining company actively growing business in Brazil, China, Turkey, Greeze and surrounding regions.
We are one of the lowest cost pure gold producers. Our gold is to produce 700,000 ounces of gold per year by 2013. Eldorado is well positioned to grow in value as we create and pursue new opportunities in gold and other resources.
Our shares trade on the Toronto Stock Exchange under the symbol ELD and on the American Stock Exchange under the symbol EGO. ELD is listed on the S&P/TSX Gold Index and EGO is part of the AMEX Gold BUGS Index.
Our producing mines are in Turkey and China.
Kisladag Mine, in Turkey, is an open pit heap leach gold mine with a 15 year mine life and proven and probable reserves of 5.5 million ounces. Kisladag produced 135,306 oz of gold at a cash operating cost of $189/oz in 2007. Forecasted production for 2008 is 190,000 oz at a cash operating cost of $250/oz.
Tanjianshan Mine, in China, is a 9 year open pit mine, which began commercial production in February 2007. Tanjianshan total production was 138,162 oz of gold at a cash operating cost of $288/oz in 2007. Forecasted production for 2008 is 110,000 oz of gold at a cash operating cost of $275/oz. Eldorado Gold is the first North American gold producer in China.
Eldorado has 7.7 million ounces of proven and probable gold reserves from a 10.4 million ounces of measured and indicated resources and 3.7 million ounces of inferred resources. We are unhedged and are well positioned to experience continued growth and value.
For more information visit...
www.eldoradogold.com
Company NewsFriday, October 30, 2009 Eldorado Gold Corporation have updated the Efemcukuru project located in western Turkey and announce an increase in resources and reserves. The new measured + indicated gold resource is 1.7 Moz from 5.54 Mt grading 9.6 g/t gold, a 10% increase from the 2008 resource estimate. Based on a gold price of $825/ounce and a cut off grade of 4.0 g/t the proven + probable reserves are increased to 1.5 Moz from 5.14 Mt grading 9.1 g/t gold. The Efemcukuru mineral reserves are inclusive to the mineral resources. Operating and Capital costs for the project have been updated. The total capital estimate has increased by $10 million or 7% to $152.1 million. News ReleasesThursday, October 29, 2009 Wednesday, October 28, 2009 Tuesday, October 27, 2009 Tuesday, October 20, 2009 Map Legend: Producer Past Producer  Development  Exploration |
