Announcement Date: 2022-03-31
Announcement Type: Feasibility Study
Announcement Code: NI43-101
Company name: Eldorado Gold Corp.
Project name: Lamaque
Location: Canada
Commodities: Gold
Highlight: Feasibility Study results incl. post-tax NPV (5%) of US$458.8M
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Eldorado Gold Corporation (Eldorado), an international gold mining company based in Vancouver, British Columbia, owns the Lamaque Project (the Project) in Quebec, Canada through its wholly owned subsidiary, Eldorado Gold Québec. Eldorado and Stantec Consulting Ltd. (Stantec) have prepared this technical report to provide an overall update on the Lamaque Project. This includes a feasibility-level update to the current operation based on three years of commercial production centered on the Mineral Reserves in the Upper Triangle mine. The technical report also presents preliminary economic assessments (PEA) of Inferred Resources from the Lower Triangle deposit and from the Ormaque satellite deposit. This report has been prepared in accordance with Canadian Securities Administrators’ National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) and its related 43-101F1. The inferred resources considered in this technical report bring to light the favorable extension of the mineralization in concordance with an existing mine.
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