Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado" the "Company" or "we") (TSX: ELD) (AMEX: EGO), is pleased to provide the Company's 2007 production guidance. We expect to produce 310,000 to 330,000 ounces of gold at a cash cost of US $ 220 to $ 230 per ounce.

Kisladag mine in Usak, Turkey is planned to produce 190,000 to 200,000 ounces of gold at cash cost US $ 210 to US $ 220 per ounce. Tanjianshan mine ("TJS") in Qinghai, China is forecast to produce 120,000 to 130,000 ounces of gold at cash cost US $ 235 to US $ 245 per ounce. Sao Bento mine in Minas Gerais, Brazil will cease operations in January 2007.

"With our 2007 planned production levels at TJS and Kisladag, Eldorado will become the first North American gold producer in commercial production in China and Kisladag will become the largest producing gold mine in Europe," said Paul Wright, President and Chief Executive Officer.

The Company, in 2007, is anticipating exploration expenditures of approximately US $ 14.0 million in Turkey, Brazil and China. Our 2006 Reserve and Resource statement for release in Q1 2007 will use a gold price of US $ 450 per ounce.

Eldorado is a gold producing and exploration company actively growing businesses in Brazil, Turkey and China. We operate the Sao Bento Mine, Kisladag Mine and Tanjianshan Mine. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as we create and pursue new opportunities.

free online slots Play free casino slots at CoolCat Casino. Unlimited free slots play lets you practice at no cost. Win with our free online slots so you can move on to real money play.
online poker spielen |