Eldorado Gold Starts Operations at Turkey Gold Mine

4 July 2011 (Last Updated July 4th, 2011 18:30)

Eldorado Gold has started operations at Efemcukuru gold mine in Izmir, Turkey, with all necessary permits to carry out full mining and processing operations in place. Currently, low grade ore is being fed to the mill, with mining activities continuing in the south ore shoot, and about

Eldorado Gold has started operations at Efemcukuru gold mine in Izmir, Turkey, with all necessary permits to carry out full mining and processing operations in place.

Currently, low grade ore is being fed to the mill, with mining activities continuing in the south
ore shoot, and about 16,000t at 10.5g/t gold being stockpiled at the plant site.

Eldorado Gold is studying the Efemcukuru mine's potential to increase its annual gold production from 120,000oz to 150,000oz per annum.

Eldorado Gold president and CEO Paul Wright said the high-grade operation at Efemcukuru will
contribute to low-cost ounces and help ensure that Eldorado remains in the industry's lowest quartile of production cash costs.

In addition, the Kisladag mine reached a significant milestone, producing over 1Moz of gold since it began operations in 2006.