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The Latest from Eldorado Gold Corporation

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.

With the updated Technical Report for the Lamaque Complex, Eldorado Gold Corporation is paving the way for the future of gold mining. The impressive results of the Reserve Case and the PEA Case demonstrate the potential for significant growth and success in the gold mining industry.

Through the Reserve Case, Eldorado Gold Corporation will be able to sustain a strong 8-year mine life and produce 1.2 million ounces of gold. This will not only benefit the company but also contribute to the local economy and create new job opportunities in the region.

Furthermore, the PEA Case presents an exciting opportunity for Eldorado Gold Corporation to extend the mine life by an additional 9 years and increase gold production to 1.5 million ounces. This expansion will bring even more prosperity to the company and the communities it operates in.

How This Will Affect You

As a shareholder or potential investor in Eldorado Gold Corporation, the positive results of the updated Technical Report for the Lamaque Complex can significantly impact your financial portfolio. The potential for increased gold production and extended mine life promises enhanced returns on investment and long-term growth opportunities.

How This Will Affect the World

The success of Eldorado Gold Corporation in maximizing gold production and extending mine life sets a positive example for the mining industry worldwide. By implementing sustainable practices and efficient operations, Eldorado Gold Corporation is leading the way towards responsible mining practices that benefit both the environment and local communities.

Conclusion

The future of gold mining looks bright with the latest developments from Eldorado Gold Corporation. The updated Technical Report for the Lamaque Complex demonstrates the company’s commitment to innovation, sustainability, and growth. As we look ahead, we can expect to see continued success and positive impact in the gold mining industry and beyond.