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Kışladağ is a low-grade, bulk-tonnage, open pit operation that uses heap leaching for gold recovery. Kışladağ is located in Usak Province in western Turkey and one of the largest gold mines in the country.

Key Facts

Location Usak Province, Turkey
Mine type Open pit, heap leach
Metals mined Gold
Employees/contractors ~650
Expected mine life 18 years1
Deposit type Gold porphyry
Ownership 100%
Resources & Reserves

 

2022 Outlook

Kışladağ is expected to mine and place on leach over 13 million tonnes of ore at an average grade of 0.65 grams per tonne. With the commissioning of the High-Pressure Grinding Roll (“HPGR”) circuit complete, as announced in December 2021, average recoveries in 2022 are expected to be approximately 56% for the year. Consistent with mine plans, cash operating costs per ounce in 2022 are expected to be impacted by increased mining and processing costs as a result of higher throughput and lower grades. Inflationary pressures in labour rates and consumables are expected to be partially offset by the weakened Lira.

Forecast 2022 sustaining capital of $14 to $19 million is primarily related to equipment overhauls and mobile equipment purchases. Growth capital of $72 to $77 million includes the continuation of both the waste stripping campaign and the expansion of the North Leach Pad, as well as the construction of the North Rock Dump.

 

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Operating Data


2022E  2021A 2020A
Gold produced (oz) 145,000-155,000  174,365 226,475
Gold sold (oz) 175,862226,895
Ore mined/processed (Mt) 13  11.3 12.0
Gold grade (g/t) 0.65  0.75 1.00
Cash operating costs ($/oz sold) 690-740  583 451
All-in Sustaining costs ($/oz sold) 797 664
Sustaining capex ($M) 14.0-19.0  18.6 20.1

Geology and Mineralization

Kışladağ is a porphyry gold deposit that formed beneath a coeval Miocene volcanic complex in Western Anatolia, Turkey. At least four latite intrusive phases are recognized in the deposit. Alteration consists of a potassic core with K-feldspar, biotite, quartz and locally magnetite, outwardly overprinted by illite, kaolinite, quartz, and tourmaline. Remnants of a quartz-alunite lithocap are found near surface. Gold mineralization occurs within zones of quartz-pyrite stockwork and disseminations. Oxidation extends to a depth of 20 to 80 metres but there is no supergene enrichment. The mineralized intrusions at Kışladağ are enclosed within volcanic and volcaniclastic strata that overlie basement schist and gneiss of the Menderes Massif Core Complex. These strata dip outward from the deposit core, and display rapid facies changes from massive lavas and coarse poorly stratified units proximal to the porphyry centre, to finer well-stratified volcaniclastic strata that interfinger with lacustrine sedimentary rocks in surrounding sedimentary basins.

Exploration

The Kışladağ deposit was an original discovery made by Eldorado in the late 1990's during a regional grassroots exploration program.


History

2019 January 2019 Decision to resume mining and heap leaching at Kisladag; mill project suspended.
2018 October 2018 Kışladağ feasibility study completed and subsequent Board approval to advance the Kışladağ mill project was received.
2018 March 2018 Pre-Feasibility Study for the Kışladağ Mill published
2014 Poured 2 millionth ounce of gold.
2014 Received approval of supplementary EIA
2012 Applied for supplementary EIA to increase yearly ore extraction to 35 Mtpa of ore
2011 Received approval of supplementary EIA for the expansion to 12.5 Mtpa; completed Phase III expansion
2009 Completed Phase II level pad expansion
2007 Completed Phase II plant construction
2006 Produced first doré in May; commercial production began in July
2005 Began construction
2003 Completed feasibility study; received EIA approval
1997 Identified ore body and began in-depth exploration

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