Kışladağ mine mill project, Turkey
Name of the Project
Kışladağ mine mill project.
Location
Turkey.
Client
Eldorado Gold.
Project Description
Kışladağ has proven and probable reserves of three-million ounces grading at 0.81 g/t gold.
The 13-million-tonne-a-year mill project will result in Kışladağ transitioning away from heap leaching to produce 270 000 oz/y of gold over a nine-year mine life.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a net present value, at a 5% discount rate, of $392-million and an internal rate of return 20.4%, with a payback of 3.9 years.
Value
The project will require an estimated capital investment of $520-million, including $384-million for the mill, $75-million for prestripping, and $61-million in contingency and growth allowance.
Duration
The project is expected to begin commissioning activities in late 2020, with production expected in the first half of 2021.
Latest Developments
Eldorado Gold approved the project on October 25 this year.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Eldorado Gold investor relations manager Peter Lekich, tel +1 604 687 4018 or email peter.lekich@eldoradogold.com.
Eldorado Gold communications and government relations director Louise Burgess, tel +1 604 687 4018 or email louiseb@eldoradogold.com.
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