European Goldfields Added to S&P/TSX Composite Index
17 March 2008 - European Goldfields Limited (TSX / AIM: EGU) is pleased to announce that its shares have been added to the S&P/TSX Composite Index, effective at the open of markets on Monday 24 March 2008.
With a market capitalisation of over US$1.1 billion, a cash balance of approximately US$220 million, an operating mine and a pipeline of three further development-stage projects in Greece and Romania, European Goldfields expects to become a mid-tier gold producer by the year 2011.
About European Goldfields
European Goldfields Limited is a resource company involved in the acquisition, exploration and development of mineral properties in Greece, Romania and South-East Europe.
Greece - European Goldfields holds a 95% interest in Hellas Gold S.A. Hellas Gold owns three major gold and base metal deposits in Northern Greece. The deposits are the polymetallic operation at Stratoni, the Olympias project which contain gold, zinc, lead and silver, and the Skouries copper/gold porphyry project. Hellas Gold commenced production at Stratoni in September 2005 and commenced selling an existing stockpile of gold concentrates from Olympias in July 2006. Hellas Gold is applying for permits to develop the Skouries and Olympias projects.
Romania - European Goldfields owns 80% of the Certej gold/silver project in Romania. The Company submitted in March 2007 a techni
cal feasibility study to the Romanian government in support of a permit application to develop the project.
For further information please contact:
RBC CAPITAL MARKETS:
ANDREW K SMITH E-MAIL:
ANDREW.SMITH@RBCCM.COMTEL: +44 (0)20 7029 7882
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European Goldfields
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PRODUCER |
CODE : EGU.L |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
European Goldfields is a gold producing company based in United kingdom. European Goldfields produces gold, lead, silver and zinc in Greece, develops copper, gold and silver in Greece and in Romania, and holds various exploration projects in Romania. Its main asset in production is STRATONI in Greece and its main assets in development are SKOURIES and OLYMPIAS in Greece and CERTEJ in Romania. European Goldfields is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 147.8 billions as of today (US$ 232.7 billions, € 174.0 billions). Its stock quote reached its lowest recent point on December 05, 2008 at GBX 100.00, and its highest recent level on January 28, 2011 at GBX 990.40. European Goldfields has 183 932 000 shares outstanding. |