Eldorado completes key Canada, Turkey growth projects
Bullion miner Eldorado Gold has completed two key growth projects – the Triangle-Sigma decline at Lamaque, in Canada, and the wet commissioning of the high-pressure grinding rolls (HPGR) circuit at Kisladag, in Turkey.
Both projects were approved in 2020, just prior to the onset of the Covid-19 pandemic.
Eldorado reported that the decline at Lamaque was delivered within the 18-month schedule and within the $24-million cost estimate.
The decline connecting the Triangle mine and the Sigma mill at Lamaque would replace the current route with a straight-line haulage to the mill, eliminating surface haulage costs and reducing greenhouse gas emissions.
The project included 3 200 m of development.
The Kisladag HPGR project was delayed by two months, owing to Covid-19 related equipment delivery delays. It was, however, delivered within the budgeted $35-million cost estimate.
The HPGR circuit is expected to increase heap leach life of mine recovery by an estimated 4% to about 56%. The company said there was potential to further increase recovery with additional optimisation of the HPGR circuit, which could lead to higher gold production.
CEO George Burns commented that the successful completion of these projects marked an “important milestone” for the company, as it continued to deliver on its growth plans.
Meanwhile, Eldorado said it would announce the results of the feasibility study on the Skouries project, part of the Kassandra Mines, in Greece, on Wednesday, after the markets closed.
The Skouries project has been stalled for years as Eldorado and Greece were embroiled in a standoff over environmental concerns.
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