Eldorado Gold Temporarily Withdraws Its White Mountain Operation from the Cyanide Code Program

The International Cyanide Management Institute (ICMI) announced today that Eldorado Gold Corporation has submitted an amended signatory application temporarily withdrawing its White Mountain (Jilin BMZ Mining Limited) operation in China from the Cyanide Code program. This is a voluntary action by the company.

White Mountain was designated for certification in July 2012. Prior to the June 30, 2015 deadline for the mine’s certification audit, Eldorado informed ICMI that White Mountain was unable to attain certification due to jurisdictional cyanide manufacture and transport arrangements. Although Eldorado has indicated that the operation has made significant improvements in safe cyanide management and will continue to benchmark its activities against the Cyanide Code protocols, White Mountain is currently prevented from achieving compliance with Cyanide Code Principles 1 and 2 because its cyanide supplier and transporter have opted not to become signatory to the Code.

Eldorado has achieved certification at its Kişladağ Mine in Turkey, and its Jinfeng Mine was the first gold producer in China to be certified. The company has recently completed a certification audit of its Tanjianshan Mine in China.

The Cyanide Code is a voluntary industry program for companies involved in the production of gold using cyanide and companies producing and transporting this cyanide. It was developed under the aegis of the United Nations Environment Programme by a multi-stakeholder Steering Committee. The Cyanide Code is intended to complement an operation’s existing obligation to comply with the applicable laws and regulations of the political jurisdictions in which the operation is located.

ICMI has been established to administer the Cyanide Code, promote its adoption, evaluate its implementation, and manage the certification process. A detailed list of the operations covered by signatory companies’ applications, along with the full text of the Cyanide Code and its implementing and administrative documents, are available at www.cyanidecode.org.

Thursday, August 13, 2015