Eldorado Gold CEO George Burns (R) tells TNM’s western editor Henry Lazenby about the company’s plans to ramp up production.
Eldorado Gold (TSX: ELD; NYSE: EGO) is aiming for a 43% increase in output over the next three years over 2023 production level as new projects enter operations and copper is added to the production profile, CEO George Burns says.
The Canadian company – which operates mines in Turkey, Greece and Canada – forecasts production to hit between 660,000 and 720,000 oz. gold by 2027. That’s almost 50% more than its 2023 output.
“Meeting these targets depends on controlling costs and staying on schedule,” Burns said last month in an interview at the annual Prospectors and Developers Association of Canada event in Toronto.
Eldorado’s Skouries project in Greece, which is projected to cost C$1.06 billion, has received support from the National Bank of Greece and Piraeus…
