Eldorado Gold Corp. reported that it has received multiple tenders for significantly better concentrate sales terms at Olympias Phase II, where wet commissioning at the project is currently underway. Under the new sales terms, gold payability rates have increased from 58% up to a maximum of 71%, which is expected to result in an increase of approximately 15,000 oz of payable gold production per year. Phase II production is now estimated to be approximately 85,000 oz/yr of gold (from 72,000 oz/yr previously) plus approximately 55,000 oz of gold equivalent production.

Read the Whole Article in our Digital Edition

Resource Center Whitepapers, Videos, Case Studies