Announcement Date: 2022-03-31
Announcement Type: Feasibility Study
Announcement Code: NI43-101
Company name: Eldorado Gold Corp.
Project name: Skouries
Location: Greece
Commodities: Gold,Copper
Highlight: Feasibility Study results incl. post-tax NPV (5%) of US$1.3B & IRR of 19%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BC – Eldorado Gold Corporation (“Eldorado”, the “Company” or “We”) announces the completion of a Feasibility Study (“FS”) on the wholly-owned Skouries project, located in northern Greece. As previously announced, the Company will host a conference call, later today, on Wednesday, December 15, 2021, at 6:00 PM ET (3:00 PM PT). The call details are at the end of this news release. All financial figures are in U.S. dollars unless otherwise stated. The Skouries project, is part of the Kassandra Mines Complex, and located within the Halkidiki Peninsula of Northern Greece. It is a gold-copper porphyry deposit designed to be mined using a combination of conventional open pit and underground mining techniques. The total life of mine is 20 years consisting of two phases. Phase 1 is a combined open pit and underground mine operating over approximately 9 years. Phase 2 consists of mining solely from the underground mine for a further 11 years. The mineral process facility will produce a gold-copper concentrate.
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