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| LOCATION |
Guizhou Province, China |
| PROPERTY SIZE |
1.2843 km² |
| RESERVES (in ounces Au; at December 31, 2011) |
| Proven + Probable |
2,088,000 @ 3.75 g/t |
| RESOURCES (in ounces Au; at December 31, 2011) |
Measured + Indicated Inferred |
2,856,000 @ 3.52 g/t 1,086,000 @ 3.18 g/t |
| PRODUCTION (in ounces Au) |
2007 2008 2009 (December 4 - 31 only) 2009 (full year) 2010 2011 2012 Forecast |
56,981 150,928 14,541 166,824 181,950 177,757 120,000-125,000 |
| CASH OPERATING COST (per ounce Au) |
2008 2009 (December 4 - 31 only) 2009 (full year) 2010 2011 2012 Forecast |
$400 $472 $403 $425 $442 $675-695 (approx. $140 is attributable to stockpile inventory charges) |
| OWNERSHIP |
82% (through Eldorado's wholly owned subsidiary Eldorado Pacific Pty Limited). The remaining interest is owned by the local joint-venture partner Guizhou Lannigou Gold Mine Limited |
| PROJECT STATUS AND HISTORY |
- Operating mine
- The Jinfeng mine was acquired by Eldorado Gold through the acquisition of Sino Gold Mining Limited in Q4 2009
- Achieved commercial gold production in Q3 2007
- Commenced construction in Q1 2005
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DESCRIPTION
Jinfeng is an open-pit and underground gold mine. In 2012, the mine plans to process 1.38 million tonnes of ore at a grade of 3.25 g/t Au. 352,000 tonnes of ore will come from the open pit as we are currently completing a phased cutback; 523,000 tonnes will come from underground, and the remainder from existing stockpiles). Capital spending in 2012 will be approximately $50 million and will include capitalized waste stripping, underground development, and plant improvement projects.
Eldorado owns an 82% interest in Jinfeng with local joint-venture partner Guizhou Lannigou Gold Mine Limited holding the remaining 18%.
Jinfeng Mine, China
In 2001, the Jinfeng deposit was acquired by Sino Gold, who commenced construction in February 2005 and achieved commercial gold production in September 2007. In December 2009, Sino Gold was acquired by Eldorado Gold. The Jinfeng Gold Operating Permit (issued on 25 December 2006) is valid to 25 December 2016.
Files
Jinfeng Technical Report 2011 (PDF)
SGX Scheme Booklet 2009 (PDF)
Jinfeng Technical Report 2007 (PDF)
Last update: December 17, 2012.
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