| Eldorado Gold says no impact on Greek operations from bank shutdown | |
| | |
|
June 29 (Reuters) - Mid-sized Canadian miner Eldorado Gold Corp said it was business as usual for its operations in Greece on Monday despite the shutdown of banks in the country after a collapse in bailout talks. "The financial controls in Greece have not impacted us - we are still paying out suppliers, employees and contractors - and progressing with our development projects," Eldorado spokeswoman Krista Muhr said in an email. Eldorado's assets in Greece, which include one operating mine and three development projects, make up some 40 percent of the miner's operating net asset value, according to Dan Rollins, an analyst with RBC Capital Markets. The decision in March by the then newly-elected Greek government to revoke the final construction approval at Eldorado's Skouries project has weighed on the company's share price, which is down 20 percent in the past three months. Eldorado's stock was up 1.8 percent at C$5.03, outperforming other gold stocks on Monday after it received an important permit at its Eastern Dragon project in China. (Reporting by Nicole Mordant in Vancouver, editing by G Crosse)
|
|
|
Eldorado Gold Corporation
|
|
PRODUCER |
CODE : ELD.TO |
ISIN : CA2849021035 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Eldorado Gold is a gold producing company based in Canada. Eldorado Gold produces gold, iron in Brazil, in China, in Mexico and in Turkey, develops gold and silver in China and in Greece, and holds various exploration projects in Brazil and in China. Its main assets in production are KISLADAG and EFEMÇUKURU in Turkey, LA TRINIDAD - ELDORADO in Mexico, TANJIANSHAN, JINFENG, JIANCHALING, WHITE MOUNTAIN and BEYINHAR in China and VILA NOVA in Brazil, its main assets in development are EASTERN DRAGON in China and PERAMA HILL in Greece and its main exploration properties are HEI-SHAN (SHANDONG) and ZHANGJIASHAN in China and TOCANTINZINHO in Brazil. Eldorado Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 14.9 billions as of today (US$ 10.9 billions, € 10.2 billions). Its stock quote reached its lowest recent point on August 03, 2001 at CA$ 0.21, and its highest recent level on April 26, 2024 at CA$ 20.77. Eldorado Gold has 716 820 032 shares outstanding. |