Sunday, July 12, 2020 1:08:33 PM
Michael McCrae Michael McCrae
Saturday July 11, 2020 13:35
Kitco NewsShare this article:
Despite COVID-19 disruption in Q2 at many mines worldwide, Eldorado Gold (TSE:ELD) reported production gains this week during the quarter.
Preliminary production was 137,782 ounces of gold, a 50% increase over Q2 2019.
Gold output even beat the last quarter, which hit 115,950 ounces.
Gold production at Kisladag increased by 130% over Q2 2019, and 19% over Q1 2020. Increased production in Q2 2020 was due to higher grade and tonnes of stacked ore and increased solution grades due to drier weather in June. Gold bearing solution levels remain high and are expected to decrease over the summer months, which will allow for processing of the gold currently in solution
Production at Olympias increased by 159% over Q2 2019 and 18% over Q1 2020. This reflects the work completed at Olympias over the past year to increase underground development and backfilling, which has resulted in increased tonnes processed.
Production at Efemcukuru for Q2 2020 was slightly higher than Q1 2020 due to higher grades processed during the quarter.
Operations at Lamaque resumed on April 15, 2020 following a three-week mandated shutdown by the government of Quebec to address the COVID-19 pandemic. Production was higher in Q2 2020 compared to Q1 2020 due to higher grades and an increase in tonnes mined per day enabled by the recently received Certificate of Authorization from the Quebec Ministry of Environment.
By Michael McCrae
For Kitco News
Its a long bull hike back UP MOVE ON ^ ^ ^ ^
Recent EGO News
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 05/08/2024 06:22:57 PM
- Eldorado Gold Reports First Quarter 2024 Financial and Operational Results; Steady Start to 2024 • GlobeNewswire Inc. • 04/25/2024 09:01:34 PM
- Eldorado Gold Provides Update on First Quarter 2024 Tax Impacts in Turkiye; and Provides Conference Call Details • GlobeNewswire Inc. • 04/09/2024 09:00:21 PM
- Eldorado Gold Files Technical Reports for Olympias and Efemcukuru • GlobeNewswire Inc. • 03/28/2024 06:05:09 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/23/2024 08:52:54 PM
- Eldorado Announces 2024 Detailed Production & Cost Guidance; Provides Four-Year Growth Profile • GlobeNewswire Inc. • 02/22/2024 10:01:03 PM
- Eldorado Gold Reports 2023 Year-End and Fourth Quarter Financial and Operational Results; Achieves Annual Guidance; Provides Skouries Update • GlobeNewswire Inc. • 02/22/2024 10:00:34 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/08/2024 09:59:30 PM
- Eldorado Gold Produces 485,140 Ounces of Gold in 2023 With Strong Fourth Quarter Preliminary Gold Production of 143,166 Ounces; Achieves 2023 Production Guidance; Provides Conference Call Details • GlobeNewswire Inc. • 01/15/2024 12:00:00 PM
- Eldorado Gold Announces Appointment of Paul Ferneyhough as Executive Vice President and Chief Financial Officer • GlobeNewswire Inc. • 01/02/2024 10:10:29 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/15/2023 07:14:32 PM
- Eldorado Gold Provides Exploration Update Highlighting Increased Confidence on Ormaque; Announces Executive Management Appointments • GlobeNewswire Inc. • 12/13/2023 12:02:18 PM
- Eldorado Gold Releases Updated Mineral Reserve and Mineral Resource Statement; 2023 Gold Mineral Reserves of 11.7 million ounces and Measured and Indicated Gold Mineral Resources of 19.0 Million Ounces • GlobeNewswire Inc. • 12/13/2023 12:00:59 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/26/2023 09:21:39 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/26/2023 09:19:58 PM
- Eldorado Gold Reports Q3 2023 Financial and Operational Results • GlobeNewswire Inc. • 10/26/2023 09:01:03 PM
- Eldorado Gold Provides Update on Tax Impacts in Turkiye Related to the Weakening Lira • GlobeNewswire Inc. • 10/13/2023 09:00:00 PM
- Eldorado Gold Announces Third Quarter 2023 Preliminary Production and Conference Call Details; Provides Project Update on Skouries • GlobeNewswire Inc. • 10/01/2023 12:06:23 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/27/2023 09:30:20 PM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM