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Eldorado to spend US$520M on Kisladag mill

Eldorado Gold (TSX:ELD) will spend US$520 million on a mill project at the Kışladağ gold mine in Turkey, giving it a nine-year, 270,000-ounce-per-annum project.

Eldorado to spend US$520M on Kisladag mill Eldorado to spend US$520M on Kisladag mill Eldorado to spend US$520M on Kisladag mill Eldorado to spend US$520M on Kisladag mill Eldorado to spend US$520M on Kisladag mill

Kisladag from above in 2013. The leach pad has around 1.7 million ounces of gold left in it

Kışladağ is currently a heap leach operation, but Eldorado ran into major recovery trouble last year and will now "reboot" it with a mill by around 2020.

The mill is the greatest cost outlined in the feasibility study at $384 million, a $50 million increase on the prefeasibility estimate in March.

Eldorado CEO George Burns told Mining Journal before the expansion was signed off by the board it was really the only option to k...