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Additional Information
Market: TSX NYSE
Sector: Gold Mining
EPIC: ELD
Latest Price: 11.31  (1.71% Ascending)
52-week High: 21.50
52-week Low: 10.38
Market Cap: 8,045.66M
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Eldorado Gold
www.eldoradogold.com

Eldorado Gold Corporation is a gold mining company actively growing businesses in Brazil, China, Turkey, Greece, and surrounding regions. Eldorado Gold is one of the lowest cost pure gold producers, and anticipates production of 700,000 ounces of gold per annum by 2013.

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Eldorado Gold recommences production at White Mountain Mine, China

12th Jan 2010, 1:35 pm
Eldorado Gold recommences production at White Mountain Mine, China

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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