Page 61 - Annual Report 2018

Lapseki Gold and Silver Mining Operation

Ivrindi Project The capacity of the plant, which is 750.000 t/year with tank
leaching, will be increased by the optimizations. The
In the İvrindi Project’s basic and detail engineering processes Lapseki project has the best available technology with
are completed after the investment decision, Construction and
chemical treatment, dewatering and solid waste storage to
installation works are ongoing. Commissioning of the project
the environment.
with full capacity will aimed in the third quarter of 2019. Mining
activities are started in 2018 compatible with commissioning TÜMAD is the first Turkish company to win two project
and still continue. Ore is produced by open pit method, will finance awards in Natural Resources. Lapseki Plant is
process heap leach facility which have 7.7 mton capacity. The certified by BSI to ISO9001, ISO14001 and ISO45001.
targeted annual gold production is 100.000 ons/year.
TUMAD MINING INDUSTRY AND TRADE INC. (Thousand TL)
Lapseki Project

In Lapseki Plant, which was commissioned in November 2016 2017 2018
2017, mining activities are ongoing in the Kestanelik and S TOTAL ASSETS - - 1.765.419
TOTAL EQUITY - - 277.136
pits. In the year 2018, 46kons gold produced and
commissioning activities were completed. Plant is working SALES INCOME - - 270.892
EBITDA - - 176.758
full capacity. In addition, the investment decision was Figures are taken from the consolidated financial statements in accordance with IFRS.
made for underground production in the previous year. Tümad’s functional currency is US dollar.
Tümad Mining financial data is presented by 2018 since Lapseki project starts its operations.

İvrindi Gold and Silver Mining Operation

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