05:39 PM EST, 01/27/2025 (MT Newswires) -- Eldorado Gold ( EGO ) was at last look up 0.33% in US after trade Monday -- having lost near 2.5% during regular hours -- as it shared results of an updated technical report for the Lamaque Complex. A statement noted this included an updated life-of-mine plan based on Mineral Reserves from Triangle, Ormaque and Parallel and a Preliminary Economic Assessment extended LOM plan primarily based on Inferred Mineral Resources from Triangle and Ormaque.

The report outlines two scenarios --- the reserve case and the preliminary economic assessment case. In the first case, the company expects to produce 1.2 million ounces of gold over 8 years, with an average annual production of around 175,000 ounces through 2028. The life-of-mine All-In Sustaining Cost (AISC) is estimated at US$1,176 per ounce of gold, the company said.

The PEA Case, cites incremental gold production of 1.5 million ounces, showing the potential to extend mine life to 17 years through 2041. This maintains average annual production of about 185,000 ounces through 2036. In this extended scenario, the LOM AISC is slightly lower, at US$1,149 per ounce, and the mine could operate until 2041, the company said.

ELD was down $0.49 or 2.2% on the TSX, with many North America stock markets much lower on the day,