TSX: ELD NYSE: EGO
VANCOUVER, March 29, 2018 /CNW/ - Eldorado Gold
Corporation ("Eldorado" or the "Company") today filed three
separate technical reports for its Lamaque, Kisladag and Skouries
projects (the "Technical Reports"). Further to the Company's
news release dated March 21, 2018
(Eldorado Gold Reports Results of Technical Studies), these
Technical Reports have been prepared pursuant to Canadian
Securities Administrators' National Instrument 43-101 - Standards
of Disclosure for Mineral Projects, and may be found on the
Company's website (www.eldoradogold.com) or under the Company's
SEDAR profile (www.sedar.com).
Technical Report for the Lamaque Project, Quebec, Canada (the "Lamaque Technical
Report")
The Lamaque Technical Report with an effective date of March 21, 2018, was prepared by the following
Qualified Persons as defined by NI 43-101: Stephen Juras, P. Geo., Colm Keogh, P. Eng., Jacques Simoneau, P. Geo., Francois Chabot, P. Eng., and Marianne Utiger, P.Eng.
Technical Report for the Kisladag Milling Project,
Turkey (the "Kisladag
Technical Report")
The Kisladag Technical Report with an effective date of
March 16, 2018, was prepared by the
following Qualified Persons as defined by NI 43-101: Stephen Juras, P. Geo., John Nilsson, P. Eng., Paul Skayman, FAusIMM, and David Sutherland, P.Eng.
Technical Report for the Skouries Project, Greece (the "Skouries Technical
Report")
The Skouries Technical Report with an effective date of
January 1, 2018, was prepared by the
following Qualified Persons as defined by NI 43-101: Stephen Juras, P. Geo., Paul Skayman, FAusIMM, Rick Alexander, P. Eng., Colm Keogh, P. Eng., and John Nilsson, P. Eng.
About Eldorado Gold
Eldorado is a gold and base
metals producer with mining, development and exploration operations
in Turkey, Greece, Romania, Serbia, Canada and Brazil. The Company has a
highly skilled and dedicated workforce, safe and responsible
operations, a portfolio of high-quality assets, and long-term
partnerships with local communities. Eldorado's common shares trade on the Toronto
Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE:
EGO).
Cautionary Note about Forward-looking Statements and
Information
Certain of the statements made and
information provided in this press release are forward-looking
statements or information within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities laws. Often, these forward-looking statements
and forward-looking information can be identified by the use of
words such as "plans", "expects", "is expected", "budget",
"continue", "projected", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negatives thereof or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved.
Forward-looking statements or information contained in this
release include, but are not limited to, statements or information
with respect to: our guidance and outlook, including expected
production, projected cash cost, planned capital and exploration
expenditures for 2018; our expectation as to our future financial
and operating performance, including future cash flow, estimated
cash costs, expected metallurgical recoveries, gold price outlook;
and our strategy, plans and goals, including our proposed
exploration, development, construction, permitting and operating
plans and priorities, related timelines and schedules and results
of litigation and arbitration proceedings.
Forward-looking statements and forward-looking information by
their nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements or information.
We have made certain assumptions about the forward-looking
statements and information, including assumptions about the
geopolitical, economic, permitting and legal climate that we
operate in; the future price of gold and other commodities;
exchange rates; anticipated costs and expenses; production, mineral
reserves and resources and metallurgical recoveries, the impact of
acquisitions, dispositions, suspensions or delays on our business
and the ability to achieve our goals.
Even though our management believes that the assumptions made
and the expectations represented by such statements or information
are reasonable, there can be no assurance that the forward-looking
statement or information will prove to be accurate. Many
assumptions may be difficult to predict and are beyond our
control.
Furthermore, should one or more of the risks, uncertainties
or other factors materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those
described in forward-looking statements or information. These
risks, uncertainties and other factors include, among others, the
following: geopolitical and economic climate (global and
local), risks related to mineral tenure and permits; gold and other
commodity price volatility; recoveries of gold and other metals;
results of test work; revised guidance; risks regarding potential
and pending litigation and arbitration proceedings relating
to the Company's business, properties and operations;
expected impact on reserves and the carrying value; the updating of
the reserve and resource models and life of mine plans; mining
operational and development risk; foreign country operational
risks; risks of sovereign investment; regulatory risks and
liabilities including, regulatory environment and restrictions, and
environmental regulatory restrictions and liability; discrepancies
between actual and estimated production, mineral reserves and
resources and metallurgical testing and recoveries; risks related
to the impact of the sale of our Chinese assets and the acquisition
and integration of Integra on the Company's operations;; additional
funding requirements; currency fluctuations; community and
non-governmental organization actions; speculative nature of gold
exploration; dilution; share price volatility; competition; loss of
key employees; and defective title to mineral claims or properties,
as well as those risk factors discussed in the sections titled
"Forward-Looking Statements" and "Risk factors in our business" in
the Company's most recent Annual Information Form & Form
40-F. The reader is directed to carefully review the detailed risk
discussion in our most recent Annual Information Form filed on
SEDAR under our Company name, which discussion is incorporated by
reference in this release, for a fuller understanding of the risks
and uncertainties that affect the Company's business and
operations.
Forward-looking statements and information is designed to
help you understand management's current views of our near and
longer term prospects, and it may not be appropriate for other
purposes.
There can be no assurance that forward-looking statements or
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, you should not place undue reliance
on the forward-looking statements or information contained
herein. Except as required by law, we do not expect to update
forward-looking statements and information continually as
conditions change and you are referred to the full discussion of
the Company's business contained in the Company's reports filed
with the securities regulatory authorities in Canada and the U.S.
Financial Information and condensed statements contained
herein or attached hereto may not be suitable for readers that are
unfamiliar with the Company and is not a substitute for reading the
Company's financial statements and related MD&A available on
our website and on SEDAR under our Company name. The reader
is directed to carefully review such document for a full
understanding of the financial information summarized
herein.
Except as otherwise noted, scientific and technical
information contained in this press release was reviewed and
approved by Paul Skayman, FAusIMM,
Chief Operating Officer for Eldorado Gold Corporation, and a
"qualified person" under NI 43-101I.
Mineral resources which are not mineral reserves do not have
demonstrated economic viability. With respect to "indicated
mineral resource" and "inferred mineral resource", there is a great
amount of uncertainty as to their existence and a great uncertainty
as to their economic and legal feasibility. It cannot be assumed
that all or any part of a "measured mineral resource", "indicated
mineral resource" or "inferred mineral resource" will ever be
upgraded to a higher category.
Cautionary Note to US Investors Concerning Estimates of
Measured, Indicated and Inferred Resources
The terms
"mineral resource", "measured mineral resource", "indicated mineral
resource", "inferred mineral resource" used herein are Canadian
mining terms used in accordance with NI 43-101 under the guidelines
set out in the Canadian Institute of Mining and
Metallurgy and Petroleum (the "CIM") Standards on Mineral
Resources and Mineral Reserves, adopted by the CIM Council, as
may be amended from time to time. These definitions differ from the
definitions in the United States Securities & Exchange
Commission ("SEC") Industry Guide 7. In the United States, a mineral reserve is defined as
a part of a mineral deposit which could be economically and legally
extracted or produced at the time the mineral reserve determination
is made.
While the terms "mineral resource", "measured mineral
resource," "indicated mineral resource", and "inferred mineral
resource" are recognized and required by Canadian regulations, they
are not defined terms under standards in the United
States and normally are not permitted to be used in reports
and registration statements filed with the SEC. As such,
information contained herein concerning descriptions of
mineralization and resources under Canadian standards may not be
comparable to similar information made public by U.S. companies
in SEC filings.
Accordingly, information herein containing descriptions of
our mineral deposits may not be comparable to similar information
made public by US companies subject to the reporting and disclosure
requirements under US federal securities laws and the rules and
regulations thereunder.
SOURCE Eldorado Gold Corporation
