| Eldorado sees charge of as much as $1.6 bln from Greece writedown | |
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(Corrects paragraph two to say the company has won the appeal, and not awaiting an official decision) Jan 25 (Reuters) - Eldorado Gold Corp, which suspended mine construction and development in Greece after a year of confrontations with the country's government, said it expects to write down the value of its assets in the country by $1.2 billion-$1.6 billion. The company has already won its appeal over a decision on a mining permit in northern Greece, which the government had revoked on environmental concerns. A majority of judges of Greece's top administrative court, which Eldorado had appealed to annul the government decision, ruled in favor of Eldorado in November. (Reporting by Manish Parashar in Bengaluru; Editing by Shounak Dasgupta)
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Eldorado Gold Corporation
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PRODUCER |
CODE : ELD.TO |
ISIN : CA2849021035 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Eldorado Gold is a gold producing company based in Canada. Eldorado Gold produces gold, iron in Brazil, in China, in Mexico and in Turkey, develops gold and silver in China and in Greece, and holds various exploration projects in Brazil and in China. Its main assets in production are KISLADAG and EFEMÇUKURU in Turkey, LA TRINIDAD - ELDORADO in Mexico, TANJIANSHAN, JINFENG, JIANCHALING, WHITE MOUNTAIN and BEYINHAR in China and VILA NOVA in Brazil, its main assets in development are EASTERN DRAGON in China and PERAMA HILL in Greece and its main exploration properties are HEI-SHAN (SHANDONG) and ZHANGJIASHAN in China and TOCANTINZINHO in Brazil. Eldorado Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 13.6 billions as of today (US$ 10.9 billions, € 9.6 billions). Its stock quote reached its lowest recent point on August 03, 2001 at CA$ 0.21, and its highest recent level on March 28, 2024 at CA$ 19.04. Eldorado Gold has 716 820 032 shares outstanding. |