Canada's Eldorado Gold eyes production boost at Kisladag

(In U.S. dollars)

TORONTO, April 27 (Reuters) - Eldorado Gold Corp (ELD.TO) said on Monday it could boost production at its Kisladag mine in western Turkey at least 30 percent and reduce operating costs dramatically.

The Canadian gold producer, which boasts operations in Brazil, China, Greece and Turkey, said an internal study showed that the mine had the potential to raise gold production 30 percent to 40 percent, while lowering operating costs about 15 percent, as it boosts usage of its existing processing equipment.

Eldorado said completion of the upgrades in 2010 would see gold production rise to 220,000 ounces in 2010, 355,000 by 2012 and 360,000 by 2013. Operating costs are expected to be in the range between $250 and $275 an ounce.

The company said the cost of the upgrades would be about $45 million. ($1=$1.21 Canadian) (Reporting by Scott Anderson, editing by Maureen Bavdek)