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Efemçukuru mine

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 Summary
 
LOCATION Izmir Province, Turkey
PROPERTY SIZE 22.62 km²
RESERVES (in ounces Au; at December 31, 2011)
Proven + Probable 1,475,000 @ 9.13 g/t
RESOURCES (in ounces Au; at December 31, 2011)
Measured + Indicated
Inferred		 1,670,000 @ 9.57 g/t
484,000 @ 5.96 g/t
PRODUCTION (in ounces Au)
2011
2012 Forecast		 484
125,000-135,000
CASH OPERATING COST (per ounce Au)
2012 Forecast $330-350
OWNERSHIP 100% (through Eldorado's wholly owned Turkish subsidiary Tüprag Metal Madencilik Sanayi ve Ticaret AS - "Tüprag")
PROJECT STATUS AND HISTORY
  • Mine achieved commercial production in December 2011.
  • Increased proven and probable mineral reserves to 1.5 million ounces in Q4 2009
  • Began site preparation activities in Q2 2008
  • Completed feasibility study in 2007, based on a mine throughput of 406,000 tonnes per year producing an average of 112,400 ounces of gold annually
  • Received Environmental Positive Certificate in Q3 2006

Description


The Efemçukuru gold mine is located in Izmir Province, Turkey. The high grade epithermal gold vein deposit is suited for underground mechanized mining.

Ore is being processed through a milling and flotation concentrate circuit on site. The flotation concentrate is then transported to our Kişladağ mine in Uşak, Turkey. At year-end 2011, 9,100 tonnes of concentrate, containing approximately 25,000 ounces of gold, had been delivered to Kişladağ for processing.

The concentrate treatment plant at Kişladağ started up in early January 2012. Treatment of the first concentrate feed resulted in the production of dore.

Capital expenditures for 2012 are estimated at US$40 million and will include the completion of the construction program, underground development and construction of a road to bypass a local village.

Reports


Technical Report on the Efemçukuru Project August 2007 (PDF)


Last update: November 27, 2012.