Eldorado Gold Corporation updates Lamaque Complex Technical Report, showing strong economics and significant potential.

From GlobeNewswire: 2025-01-27 17:13:15

Eldorado Gold Corporation announces updated Technical Report for the Lamaque Complex, showcasing potential for 1.2 million ounces of gold production over 8 years in the Reserve Case, and an additional 1.5 million ounces in the PEA Case. The report outlines solid economics with an after-tax NPV of $555 million at a gold price of $2,000/oz in the Reserve Case. The PEA Case shows significant incremental economics, with an after-tax NPV of $623 million at the same gold price. Exploration activities are planned to grow Mineral Resources in existing deposits.

The Lamaque Complex, including Triangle, Ormaque, Parallel, and Plug No. 4 deposits, shows significant potential for long-term gold production. The Reserve Case in the updated Technical Report outlines 1.2 million ounces of gold production over 8 years, with an after-tax NPV of $555 million at a gold price of $2,000/oz. The PEA Case demonstrates the potential for an additional 1.5 million ounces of gold production, extending the mine life to 17 years. Exploration activities are planned to further grow Mineral Resources in existing deposits, highlighting the long-term potential of the Lamaque Complex.

Eldorado Gold Corporation’s Lamaque Complex Technical Report showcases a strong economic outlook, with the Reserve Case outlining 1.2 million ounces of gold production over 8 years and an after-tax NPV of $555 million at a gold price of $2,000/oz. The PEA Case offers the potential for an additional 1.5 million ounces of gold production, extending the mine life to 17 years and providing incremental after-tax NPV of $623 million at the same gold price. The report emphasizes significant exploration potential to grow Mineral Resources in existing deposits, positioning the Lamaque Complex for sustainable long-term benefits.



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