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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 Türkiye and one of the largest gold mines in the country.

Key Facts

LocationUsak Province, Türkiye
Mine typeOpen pit, heap leach
Metals minedGold
Expected mine life13 years
Deposit typeGold porphyry
Ownership100%
2023 Production Data (January 2024)
Resources & Reserves (September 2023) 
2024 Production & Cost Guidance (February 2024) 

Heap Leach Overview 

Learn more about heap leaching and how it is used at our Kışladağ operation in Türkiye: Heap Leach Overview

Operating Data

Gold Operations
2023A
2024 Outlook
Ounces Produced 154,849180,000 - 195,000
Ounces Sold  154,456
Tonnes Processed13,220,164 13,220,000 - 13,700,000 
Grade (grams / tonne)0.78 0.7 - 0.8
Total Cash Costs ($/oz sold)1 657 820 - 920
All-in Sustaining Costs ($/oz sold)1 900 890 - 990
Growth Capital Expenditures ($M)1 83.7 85 - 95
Sustaining Capital Expenditures ($M)1 16.0 10 - 15

Note: All amounts are in US$ unless otherwise indicated.

1These financial measures or ratios are non-IFRS financial measures or ratios. Certain additional disclosure for non-IFRS financial measures and ratios have been incorporated by reference and additional detail can be found at the end of this press release and in the section 'Non-IFRS and Other Financial Measures and Ratios' in the Company's December 31, 2023 MD&A.

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Geology and Mineralization

Kışladağ is a porphyry gold deposit that formed beneath a coeval Miocene volcanic complex in Western Anatolia, Türkiye. 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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