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Eldorado Gold reports 2022 gold reserves of 12.3 Moz, down 4% from 2021 estimate

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EldoradoGold Eldorado Gold reports 2022 gold reserves of 12.3 Moz, down 4% from 2021 estimate

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The company said that net of divestitures, its proven and probable gold reserves totalled 12.3 million ounces as of September 30, 2022, a decrease of approximately 4% from the previous MRMR statement as of September 30, 2021. However, the company noted that these gains were mostly offset by adjustments for cut-off value, metal prices and mine plan optimization at Olympias.

This is a 2% decrease from the previous MRMR statement on September 30, 2021, attributable to decreases at Kisladag, Lamaque and Olympias, it added.

 

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