International news within the industry of mining and metal, Mar, 24 2019
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Canadian gold miner to boost production in 2019

Photo: Eldorado Gold
Photo: Eldorado Gold
Published by
Jaroslaw Adamowski - 25 Feb 2019

Output to rise Canadian miner Eldorado Gold has announced plans to boost its production in 2019, raising its guidance by 27% year-on-year to between 390,000 and 420,000 oz of gold.

 

For 2018, the miner reported a production of 349,147 oz of gold, “in-cluding 35,350 ounces of pre-commercial production from Lamaque,” according to Eldorado Gold’s statement.

 

The Lamaque project is located close to Val-d’Or, in Canada’s Que-bec.

 

“Eldorado’s growth is also supported by the strong momentum at La-maque. Less than two years after we acquired the asset, we are set to begin commercial gold production later this quarter. We expect total output at Lamaque, including pre-commercial production, in ex-cess of 100,000 ounces in 2019. We continue to focus on expansion possibilities through resource conversion, exploration drilling and in-creasing mill feed at this core asset,” said George Burns, the com-pany’s president and chief executive.