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Eldorado Gold reveals commercial production on track for first quarter at Lamaque Project, Canada

Eldorado Gold confirms first quarter commercial production at Lamaque, Canada

Eldorado Gold have announced that commissioning at its Lamaque Project in Quebec is underway. 

Commercial production at the Canadian mine is on track to commence in the first quarter of 2019. Commissioning of the Sigma Mill proceeded ahead of schedule with the first gold pour achieved in December 2018.

Eldorado Gold President & CEO George Burns commented: “Underground mine development and refurbishment of the Sigma Mill at Lamaque proceeded according to plan and we expect to commence commercial production at Lamaque in the first quarter of 2019.”

He added: “In 2018, Eldorado successfully met its overall production goals, which included two upward revisions to production guidance.  These positive results reflect solid execution by the team and better-than-expected leach pad production at Kisladag (Turkey).”

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Lamaque is an underground gold project in Val-d’Or, Quebec consisting of the recently discovered Triangle gold deposit located only 2.5km south of the historical world-class Lamaque and Sigma Mines, which are also on the property and produced over 10Moz of gold. 

The Triangle deposit is located in the Val d’Or mining camp, at the eastern end of the prolific Southern Abitibi Greenstone Belt. The deposit is an Archean greenstone-hosted orogenic lode gold deposit. 

Gold is found within quartz-tourmaline-carbonate veins, which are hosted within a series of sub-parallel sub-vertical shear zones centered around a steeply plunging cylinder-shaped porphyritic diorite (‘The Triangle Plug’), which intrudes the mafic volcanic stratigraphy of the Val d’Or formation. 

Solid progress at Lamaque (the company’s first Canadian mine) is part of a wider upswing for Eldorado Gold at its sites worldwide (in Greece, Turkey, Romania and Brazil) which saw strong fourth quarter gold production of 75,877 ounces - 2018 exceeded guidance with the full year total reaching 349,147 ounces.