Eldorado Gold moves White Mountain Gold Mine back into production
Eldorado Gold’s (TSX: ELD, NYSE: EGO, ASX: EAU) President and CEO, Paul Wright confirmed this morning that the company’s 95% owned White Mountain underground gold mine in the People’s Republic of China (PRC) had recommenced production.
Mining operations at White Mountain were suspended approximately
five months ago while approvals were received from the authorities.
“The mine is now able to discharge treated water under an approved
change to the Environmental Impact Assessment,” Eldorado confirmed.
The mine is expected to ramp up to full production “quickly”.
"We are glad that the situation at White Mountain has been
resolved in a technically and environmentally sound manner and we look
forward to a full year of production from the mine. Eldorado is
committed to working with the local communities in all of the
jurisdictions in which we operate, and at White Mountain we intend to
focus on continuing to develop a strong relationship with local
stakeholders," commented Wright.
In August 2009 Eldorado Gold acquired Sydney-based, China
focused gold miner Sino Gold Mining in a deal worth A$2.2 billion (C$2
billion; US$1.8 billion), aiming to achieve an annual production level
of one million ounces in 2013 for the combined company.
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