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Jinfeng

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 Summary
 
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

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.