Eldorado Gold Corp Q4 2019 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst : Yes. Just wanted to circle back on Kisladag, if I could. Just wanted to ask, George, I think on the last conference call, we talked about the HPGR as part of the option for Kisladag. And we talked about the fact that you were kind of going through it in parallel, but you needed more time and likely have needed the end of 2020 to have more clarity. So I was a bit surprised to see that this is the option that we went with. Can you just talk about what changed over this period?

Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. So just so I understand correctly, was it, George, that you -- when we did the conference call in, I guess, it was November, when you were still looking at the test of like a year ago? And is it that you've done new testing from -- over the last quarter on the HPGR that gives you this comfort level?

Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. So it was just a change of these results that you got from November to today?

Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. And then maybe just moving on to just the permit that we need at Olympias. George, where are we in terms of the whole permitting aspect with Greece? I know that we were looking to want to have permits at several operations, Perama Hill, just adjustments at Skouries on some of the permits and now Olympias, have we started the permitting process on all of these?

Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. So you've kind of taken the approach of -- with the government of seeking permits on all of them at the same time?

Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. And then maybe just moving to Lamaque, if I could. I think on the call, I heard that going from 1,800 tonnes a day to 2,200, requires no additional capital, except for underground development. What amount of underground development will be required?

Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. And then, though, going to the 2,500 tonnes a day, though, I think that one would require the capital, I think, on the mine tour we had talked about, additional capital if we were to go to that level?

Question: Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. And again, we need to -- amendment of permits to go to 2,200, correct?