Eldorado Gold achieves commercial production at Lamaque mine in Canada

1 April 2019 (Last Updated April 2nd, 2019 10:15)

Eldorado Gold has achieved commercial production at its Lamaque mine located in Quebec, Canada, with 100,000oz-110,000oz of gold production expected this year.

Eldorado Gold achieves commercial production at Lamaque mine in Canada
Underground equipment at the Lamaque mine located in Quebec, Canada. Credit: Eldorado Gold Corp.

Eldorado Gold has achieved commercial production at its Lamaque mine located in Quebec, Canada, with 100,000oz-110,000oz of gold production expected this year.

The company’s wholly owned underground mine Lamaque produces ore from the Triangle-deposit, which will be later on processed at the refurbished Sigma Mill.

Lamaque has an initial mine life of seven years and its production is expected to rise to 125,000oz-135,000oz of gold in 2020 and 2021.

The inferred resources at the Lamaque mine last year were increased by more than 50%. Drilling programme is currently ongoing to increase both the reserves and resources.

“It is a testament to all of the hard work that has gone into the exploration, pre-feasibility study, engineering and construction that we have safely delivered commercial production ahead of schedule.”

Eldorado Gold has budgeted more than 37,000m of exploration drilling and is focused on optimising the potential of the Lamaque mine.

Eldorado Gold chief operating officer Paul Skayman said: “We are proud to announce the achievement of this important milestone just over 18 months after acquiring this asset.

“It is a testament to all of the hard work that has gone into the exploration, pre-feasibility study, engineering and construction that we have safely delivered commercial production ahead of schedule.”

The Lamaque project comprises the newly discovered Triangle gold deposit located 2.5km south of the Lamaque and Sigma Mines.

The deposit is located in the Val d’Or mining camp, at the eastern end of the prolific Southern Abitibi Greenstone Belt.

In February this year, Eldorado Gold announced it would be resuming mining and heap leaching at its Kisladag gold mine in Turkey.

Eldorado is a gold and base metals producer and has mining, development and exploration operations in Turkey, Canada, Greece, Romania, Serbia and Brazil.