Eldorado Files Amended Lamaque Complex Technical Report
Generado por agente de IAJulian West
jueves, 20 de febrero de 2025, 7:59 pm ET1 min de lectura
EGO--
Eldorado Gold Corporation (Eldorado) has filed an amended technical report for its Lamaque Complex in Québec, Canada, superseding the previous report from January 2025. The amended report, effective December 31, 2024, reflects the removal of the Preliminary Economic Assessment (PEA) case, which was based on Inferred Mineral Resources. This change does not alter the Reserve Case, Mineral Resource estimates, Mineral Reserve estimates, financial assumptions, or economic analysis in the Reserve Case.
The Reserve Case outlines an 8-year mine life producing 1.2 million ounces of gold, with average annual gold production above 175,000 oz through 2028. The LOM All-In Sustaining Cost (AISC) is $1,176/oz Au, and the after-tax NPV(5%) is $555 million at a gold price of $2,000/oz and $1.1 billion at a gold price of $2,600/oz. The amended technical report does not change the Company's strong financial position, with approximately $857 million in cash and cash equivalents and total liquidity of approximately $1.1 billion as of December 31, 2024.
The key changes made in the amended technical report include:
1. The qualified persons taking accountability for certain portions of the amended technical report, as well as additional detail on the experience of the qualified persons were included.
2. Updates were made to the sections entitled "Reliance on Other Experts" and "History" to comply with NI 43-101F1 requirements.
3. Dates, names, and professional designations were aligned on the cover pages of the amended technical report.
The removal of the PEA Case does not impact the Reserve Case, Mineral Resource estimates, or financial assumptions. The amended technical report is available under the Company's issuer profile at www.sedarplus.ca.
The amended technical report's focus on the Reserve Case influences Eldorado's strategic planning and capital allocation decisions for the Lamaque Complex by providing a clear and conservative outlook for the mine's life and production. This allows the Company to plan for a defined mine life, allocate capital for sustaining and growth projects, evaluate the potential of the PEA Case, maintain a strong financial position, and make informed decisions about the future of the Lamaque Complex.
QUS--
Eldorado Gold Corporation (Eldorado) has filed an amended technical report for its Lamaque Complex in Québec, Canada, superseding the previous report from January 2025. The amended report, effective December 31, 2024, reflects the removal of the Preliminary Economic Assessment (PEA) case, which was based on Inferred Mineral Resources. This change does not alter the Reserve Case, Mineral Resource estimates, Mineral Reserve estimates, financial assumptions, or economic analysis in the Reserve Case.
The Reserve Case outlines an 8-year mine life producing 1.2 million ounces of gold, with average annual gold production above 175,000 oz through 2028. The LOM All-In Sustaining Cost (AISC) is $1,176/oz Au, and the after-tax NPV(5%) is $555 million at a gold price of $2,000/oz and $1.1 billion at a gold price of $2,600/oz. The amended technical report does not change the Company's strong financial position, with approximately $857 million in cash and cash equivalents and total liquidity of approximately $1.1 billion as of December 31, 2024.
The key changes made in the amended technical report include:
1. The qualified persons taking accountability for certain portions of the amended technical report, as well as additional detail on the experience of the qualified persons were included.
2. Updates were made to the sections entitled "Reliance on Other Experts" and "History" to comply with NI 43-101F1 requirements.
3. Dates, names, and professional designations were aligned on the cover pages of the amended technical report.
The removal of the PEA Case does not impact the Reserve Case, Mineral Resource estimates, or financial assumptions. The amended technical report is available under the Company's issuer profile at www.sedarplus.ca.
The amended technical report's focus on the Reserve Case influences Eldorado's strategic planning and capital allocation decisions for the Lamaque Complex by providing a clear and conservative outlook for the mine's life and production. This allows the Company to plan for a defined mine life, allocate capital for sustaining and growth projects, evaluate the potential of the PEA Case, maintain a strong financial position, and make informed decisions about the future of the Lamaque Complex.
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