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Eldorado Gold Releases Updated Reserve and Resource Statement

Mining News - Published on Tue, 19 Nov 2019

Image Source: flickr.com
Eldorado Gold Corporation has released updated Reserve and Resource estimates as of September 30, 2019.

Highlights

Total Proven and Probable Reserves of 384 million tonnes at 1.32 grams per tonne gold containing 16.4 million ounces

Measured and Indicated Resources and Inferred Resources at Lamaque increased by 191.000 ounces of gold and 198,000 ounces of gold, respectively, while Proven and Probable Reserves increased by 19,000 ounces of gold

Inferred Resources at the combined Perama Hill and Perama South projects increased by 758.000 ounces of gold

Proven and Probable Reserves for Kisladag will be further updated in Q1 2020 concurrent with the completion of metallurgical testwork and an updated Kisladag mineral reserve

The Company's Proven and Probable gold Reserves totalled 16.4 million ounces as of September 30, 2019, compared to 16.9 million ounces as of September 30, 2018.
HeadingThousand Ounces
Proven and Probable in-situ gold ounces as of September 30, 201816,937
Mined ounces including mining depletion during 20192-468
Discovered ounces and converted resources during 2019169
Decrease due to engineering and metallurgy-279
Proven and probable in-situ gold ounces as of September 30, 201916,359
 

Source :

Posted By : Rabi Wangkhem on Tue, 19 Nov 2019
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