It now expects to produce at least 180,000-210,000 ounces of gold this year at Kışladağ, which brings Eldorado's full-year guidance down from 365,000-400,000 ounces to 315,000-365,000 ounces.
Turkey Mining News
Centerra Gold, a Toronto-based Canadian company, appears in the news regarding its troubles in Kyrgyzstan and its operations at the Kumtor gold mine.
Shares fell after the miner said it would suspend dividends until further notice, due to current restrictions to funds held at its Kyrgyz Republic subsidiary, Kumtor Gold.
It appears the Turkish government is attempting to suppress criticism of a mine disaster last weekend that killed 12 miners and left four still missing.
At least five miners are dead and 11 are trapped after a landslide swept through a copper mine in southeastern Turkey.
OMAS will use the Facility to finance a substantial portion of the construction, development and operation of the Öksüt gold mine and its related infrastructure in the Kayseri region of central Turkey.
Over the weekend, Turkish riot police fired tear gas and used sticks to disperse around 2,000 protesters who gathered close to the project site.
Robert Bensh—managing director and partner at Pelicourt, a Western-owned oil and gas company discusses navigating tricky conflict zones.
Construction of the gold mine, located in the south-central Kayseri province, should start in early 2016, followed by production by mid-2017.
Deal will give Integra up to a $27 million-cash injection, allowing it to move forward with its Quebec-based Lamaque gold project.
Watch Turkey for world’s next top gold projects –mining law, people, and infrastructure are improving: Han Ilhan, Aldridge Minerals
Turkey is partially located on a geological structure that may yield gold discoveries (Steve Todoruk, at Sprott Global Resource Investments, recently brought one project to our attention).
Arguably the most exciting gold discovery of 2015 belongs to London listed Mariana Resources at the Hot Maden project in Eastern Turkey.
Dozens of suspects arrested after the mine disaster that shook Turkey last year will stand trial beginning next month.
A little-known gold exploration company in Turkey is attracting the interest of speculators in the junior resource sector.
Matt Lennox-King is the CEO of Pilot Gold, one of the leading mineral exploration companies.
Despite the rosy picture painted by the industry body, official figures show that Turkey bullion imports more than halved last year.
Vancouver gold miner forecasts minimum 80,000oz dip in output this year even as costs at mines in Greece, Turkey and China surge as much as 28%.
Before the infamous Soma disaster, which claimed the lives of 301 workers, there had been 1,308 fatal accidents in the industry since 2000, a new report shows.
Over 500 rescue personnel, two planes, three helicopters, 25 ambulances and 97 other vehicles continue to carry out the search and rescue work.
Twenty workers have either been rescued or escaped on their own from the flooded coalmine, but hopes are fading for the remaining 18 trapped underground.
Water levels inside the mine keep rising and rescue crews had made no contact with the trapped workers.
Initial media reports said the collapse occurred after water that had built up inside the mine coursed into areas where the workers had been located.
A scathing official report into the Soma mining disaster in Turkey has revealed a catalogue of negligent practices and a complete disregard for worker safety.
Mining accidents are common in Turkey, where poor safety conditions have cost 3,000 lives since 1941.
Turkey has seen steady growth in gold production over the last decade or so. It is now host to 7 commercial-scale mines.