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Eldorado Gold meets guidance, COO retires

Kitco News

Eldorado Gold said today its preliminary production of 395,331 ounces met its consolidated production guidance.

Preliminary production for the fourth quarter 2019 was 118,955 ounces of gold.

"Gold recovery at Kisladag met the Company’s expectations in 2019. However, production at Kisladag was slightly less than guidance as crushing and stacking were slower to ramp up and solution flows through the leach pad took longer than expected. Solution flows picked up significantly in the month of December," wrote the company.

An updated NI 43-101 technical report will be released for Kisladag in Q1 examining heap leaching with a longer leach cycle supported by 2019 metallurgical test work.

Eldorado's Executive vice president and chief operating officer Paul Skayman is retiring. Joe Dick has been hired as the company’s new EVP and COO.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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