Eldorado Gold Corp. | Company Profile

About The Company

Eldorado Gold Corporation based in Vancouver, Canada, is an international gold producing company active in development and exploration. Eldorado Gold shares trade on the Toronto Stock Exchange (TSX) under the symbol ELD and on the NYSE Alternext (NYSE-A) under the symbol EGO. ELD is on the S&P/TSX Global Gold Index and EGO is part of the AMEX Gold BUGS Index.
In 2008 Eldorado was the top performer on the S&P/TSX composite index with share appreciation of 65.5 per cent.
The company has superior assets in Brazil, China, Turkey, and Greece - countries with substantial geological potential.
Their wholly owned Kişladağ Mine (Kişladağ) in western Turkey is a 15-year mine life with 5.5 million ounces of proven and probable gold reserves. It began commercial production in July 2006, producing 70,895 ounces of gold in this year; at a cash operating cost of US$206/oz. 2007 production was 135,306 ounces at a cash operating cost of US$189/oz. 2008 production was 190,334 ounces of gold at a cash operating cost of US$254/oz.

Their 90% owned Tanjianshan Mine (TJS) in western China is a 9-year mine life and began commercial production in February 2007. Its total production in 2007 was 138,162 ounces of gold at a cash operating cost of US$288 /oz. In 2008, its production was 118,468 ounces of gold at a cash operating cost of US$261/oz.

In December 2008, Eldorado completed the sale of our São Bento Mine in Brazil to AngloGold Ashanti for US$70 million. The mine ceased ore production in January 2007. São Bento has produced more than 1.8 million ounces of gold since 1987.

Eldorado had at December 31, 2008, 7.6 million ounces of proven and probable gold reserves from 11.8 million ounces of measured and indicated gold resource and 4.2 million ounces of inferred resource. Eldorado Gold Projects are actively growing businesses in Brazil, China, Turkey, and Greece. Eldorado Gold Corp. is unhedged and well positioned to experience continued growth and value. The Company, through its ongoing exploration, development, and operating activities, plans to produce 700,000 to 800,000 ounces of gold by 2013.

The Projects

Kişladağ Mine Project | Flagship Project

The Kişladağ Gold Mine in west central Turkey is the largest gold mine in Turkey. We advanced Kişladağ from exploration discovery through development to construction and production. Kişladağ has been developed as a low grade, bulk tonnage open pit operation using heap leaching for gold recovery. Mine life is 15 years operating at a total ore throughput of 10 million tonnes per year. At full production the mine should produce an average of 240,000 ounces of gold per year.

Location

Kişladağ is situated between the major centers of Izmir (180 kilometers to the west) and Ankara (350 kilometers to the northeast), in the Uşak province. The city of Uşak is the closest large population center, located 35 kilometers to the northeast. Access to the site is via all-weather paved roads servicing several small villages in the immediate area.
Kişladağ sits on the western edge of the Anatolian Plateau, in gentle rolling topography, at an elevation of approximately 1,000 meters. The climate is arid with hot summers and cold winters. Economic activity in the area consists of a mixture of subsistence farming and grazing.



Tanjianshan Mine

The Tanjianshan Mine is located in Qinghai province in western China. The property covers 338 km2 comprising of four exploration licenses and two mining licenses. The mine consists of two separate deposits - Qinlongtan ("QLT") and Jinlonggou ("JLG"). The mine and mill were commissioned in Q4 2006 and commercial production was declared in Q1 2007.

The Tanjianshan Mine is a significant achievement for Eldorado Gold. The company is the first North American gold producer in China.


São Bento Mine

São Bento was an underground mine located in an area known as the "Iron Quadrangle" in the state of Minas Gerais, Brazil. A producing mine since 1986, São Bento was acquired by Eldorado in 1996. Total production since 1986 was 1,800,000 ounces of gold. São Bento ceased ore production in Q1 2007.

Reclamation activities began early 2007. The process plant and facilities have been cleaned and kept in care and maintenance. Underground equipment has been moved to surface. The company worked on all other elements to guarantee they are in compliance with all environmental regulations.

In December 2008, Eldorado Gold completed the sale of São Bento mine to AngloGold Ashanti for US$70 million.

For more detailed information about the projects and the company in general, please visit the website of Eldorado Gold!

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