FOR 2020, GOLD PRODUCTION FOR ÇÖPLER WAS 327,000 OUNCES, IN-LINE WITH UPDATED FULL-YEAR GUIDANCE. GOLD PRODUCTION WAS 83,000 OUNCES IN THE FOURTH QUARTER OF 2020.

In 2021, Çöpler is expected to produce 310,000 to 340,000 ounces of gold at mine site AISC of $760 to $810 per ounce.

For the full-year, gold production is weighted to the second half of 2021 due to the commissioning and ramp-up of the flotation circuit within the sulfide plant.

The flotation circuit is anticipated to increase the gold and sulfide sulfur grades processed through the autoclaves, reduce unit costs, and increase sulfide plant throughput and gold production.

Commissioning and ramp-up of the flotation circuit is expected by mid-year 2021.