Kisladag mine re-opens after Turkish authorities have a rethink

Eldorado Gold announced on March 6 its Kisladag mine in Western Turkey re-opened and that production activities are underway. The decision rendered by the Sixth Department of the High Administrative Court in Ankara, Turkey on February 6, 2008 and the actions taken by the related government offices have allowed the resumption of all production activities at the Kisladag mine. “The company is pleased that having preserved its staff levels during the period of the temporary shutdown we are now in a position to quickly resume full production”, commented Paul N. Wright, President and CEO.
Kisladag’s feasibility study was completed March 2003 and an Environmental Positive Certificate was received the end of the second quarter 2003. The Establishment Certificate was received December 2003; Zoning Plan Approved August 2004; Construction Permit received September 2004. First gold was poured May 12, 2006. Commercial Production began July 1, 2006 and production that year was 70,895 oz of gold at a cash cost of $206. Kisladag was temporarily closed by Court Injunction August 18, 2007 pending a decision on the Environmental Impact Assessment approval.