News Bureau

May 22, 2020

Eldorado Gold production of 115K Oz in 1Q

Eldorado Gold Corporation announce the Company’s first quarter 2020 preliminary production results & said Preliminary production for Q1 2020 was 115,949 ounces of gold. Gold leached into the solution at Kisladag during the quarter was consistent with expectations and gold production was higher than the comparative period in 2019 as a result of the recommencement of operations (mining, crushing, and stacking of ore) on April 1, 2019.

Gold production for Q1 2020 was lower than planned as elevated rainfall in the quarter led to increased solution volumes.  The gold contained in excess solution will be recovered over the spring and summer months. Production at Olympias continued to show improvement quarter-over-quarter with gold produced in Q1 2020 the highest in six quarters. 

The Company continues to see positive results from increased underground development, improvements in the paste backfill system, and increased equipment availability. Production at Efemcukuru for Q1 2020 was consistent with expectations but lower than Q1 2019 due to lower grades mined during the quarter.

Operations at Lamaque were temporarily moved to care and maintenance on March 23rd, 2020 to comply with the Quebec provincial government-mandated restrictions with respect to Covid-19.  This had a modest impact on production during Q1 2020.


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