Gold output for the company increased 9 percent in the most recent quarter, eclipsing initial expectations. Eldorado sold a total of more than 190,000 ounces of gold, up from 176,260 ounces in the same quarter last year.
Eldorado CEO Paul Wright said in a statement "The company has finished the second quarter ahead of our expectations and the operations are now on track to deliver production at the high end of the initial full year range our teams had established."
The company also announced that earlier this year, the government of Turkey had approved plans for expansion of the Kisladag mine which will allow for production to increase to 20 million tonnes annually by 2016.
Perhaps more exciting for the company is the news that plans are being considered for a listing on the Hong Kong Stock Exchange. Eldorado Gold Corporation is the largest foreign gold mining company operating in China with three separate facilities, producing 300,000 ounces of gold each year.
Founded in 1992, Eldorado Gold Corp has operations in Brazil, Greece, Romania, Turkey, and China. The company takes extra care to ensure that its mines are safe and sustainable. Eldorado also works to promote local infrastructure projects, including providing drinking water, improving roads, and installing sewage systems, so that each mine makes a positive impact on local communities.
No comments:
Post a Comment