Eldorado updates lamaque complex technical report; demonstrating significant value and potential to extend mine life to 17 years

(all dollar figures are in us dollars, unless otherwise stated) vancouver, british columbia, jan. 27, 2025 (globe newswire) -- eldorado gold corporation (“eldorado”, the “company” or “we”) is pleased to announce the results of an updated technical report for the lamaque complex1 (“lamaque complex technical report”), including an updated life-of-mine (“lom”) plan based on mineral reserves from triangle, ormaque and parallel (the “reserve case”) and a preliminary economic assessment (“pea”) extended lom plan primarily2 based on inferred mineral resources (“inferred resources”) from triangle and ormaque (the “pea case”). the reserve case outlines an 8-year mine life producing 1.2 million ounces of gold, while the pea case shows the potential to extend mine life incrementally by 9 years and incremental gold production of 1.5 million ounces.
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