Canadian miner Eldorado Gold has announced a higher production forecast for 2018, at 330,000 to 340,000 oz, an increase compared with its previous forecast of 290,000 to 330,000 oz owing to expected higher production at its Kisladag mine in Turkey.
"We achieved lower costs at Olympias, reflecting mill and filter press optimizations. With production and costs continuing to trend positively, we have increased full-year guidance to 330,000-340,000 ounces of gold at $580-$630 per ounce," George Burns, the president and CEO of Eldorado, said in a statement. "Development continues ahead of schedule at Lamaque and we are on track to complete the feasibility study for a mill at Kisladag in the third quarter of this year."
Eldorado Gold says it has experience in building and operating mines in Europe, Asia and the Americas.