Chart usGOLD   Chart usSILVER  
 
Food for thought
The only thing to remember about money matters : money matters
Anonymous  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1230.900.34
Silver 17.17-0.02
Platinum 1243.50-2.00
Palladium 776.00-2.75
WORLD MARKETS
DOWJONES 16805128
NASDAQ 448431
NIKKEI 15292153
ASX 539929
CAC 40 4129-29
DAX 8988-60
HUI 184-1
XAU 760
CURRENCIES ($)
AUS $ 1.1382
CAN $ 1.1230
Euro 0.7893
GBP (£) 0.6217
Sw Fr 0.9518
YEN 108.1000
RATIOS & INDEXES
Gold / Silver71.69
Gold / Oil15.17
Dowjones / Gold13.65
COMMODITIES
Copper 3.060.01
WTI Oil 81.14-0.61
Nat. Gas 3.60-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
( 0 vote, 0/5 ) Print article
     
Tweet

:     Eldorado Gold Receives Approval for Preliminary Environmental Impact Study at Perama Hill Project


VANCOUVER - BC - Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado", the "Company" or "We"), is pleased to announce that the Ministry of Environment, Energy and Climate Change of the Hellenic Republic of Greece ("Ministry") has approved the Preliminary Environmental Impact Assessment ("PEIA") Study for the Perama Hill Gold Deposit ("Perama Hill" or "Project") located in Thrace, Northern Greece. The Project, with presently defined proven and probable reserves of 975,000 ounces of gold, will be developed as an open pit mine producing approximately 110,000 ounces annually at cash costs projected to be less than US$300 per ounce. Total invested capital will be approximately US$190 million. The Perama Hill Project is expected to provide employment for about 370 persons during construction and direct employment for 200 persons during operation, in addition to supporting significant levels of indirect employment in the area, characteristic of mining operations.

"We are pleased that the Greek Government endorses the Perama Hill project, which will provide positive signals for exploration and further development of the significant mineral resources in Northern Greece," said Paul Wright, President and CEO of Eldorado Gold. "Eldorado has prepared the final Environmental Impact Assessment (EIA) Study, which will be submitted to the Ministry this quarter."

Eldorado is a gold producing, exploration and development company actively growing businesses in Turkey, China, Brazil and Greece. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, we believe that our company is well positioned to grow in value as we create and pursue new opportunities.

ON BEHALF OF
ELDORADO GOLD CORPORATION


"Paul N. Wright"

Paul N. Wright
President and Chief Executive Officer

JORC Competent Person Statement
The information in this news release that relates to Perama reserves is based on information compiled by Richard Miller, P.Eng, who is a Member of the Association of Professional Engineers and Geoscientists of BC. Richard Miller is a full time employee of Eldorado Gold Corporation.

Richard Miller has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Richard Miller is the Qualified Person as defined in the Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Certain of the statements made herein may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements or information herein include, but are not limited, to statements or information with respect to the Perama Hill project.

Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information, including assumptions about the legal restrictions regarding the payment of dividends by the Company; assumptions about the price of gold; anticipated costs and expenditures; estimated production, mineral reserves and metallurgical recoveries; the impact of the integration of acquired businesses on our operation, financial position, reserves and resources and gold production; and the ability to achieve our goals. Although our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statements or information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the following: gold price volatility; risks of not meeting production and cost targets; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment and operating in foreign countries; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution; share price volatility; the risk that the integration of acquired businesses taking longer than expected, the anticipated benefits of the integration may be less than estimated and the costs of acquisition higher than anticipated; ability to complete acquisitions; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the sections entitled "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Information Form & Form 40-F dated March 31, 2011, and in the Company's Management Information Circular dated January 23, 2012, including the risk factors incorporated by reference in such circular.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.


Eldorado Gold Corporation's Common Shares are listed on the Toronto Stock Exchange (TSX: ELD); New York Stock Exchange (NYSE: EGO). Eldorado CDIs trade on the Australian Securities Exchange (ASX: EAU)

Contact:

Eldorado Gold Corporation
Nancy E. Woo, VP, Investor Relations
Phone: 604.601.6650 or 1.888.353.8166
Fax: 604.687.4026
Email: nancyw@eldoradogold.com

1188, 550 Burrard Street
Vancouver, BC V6C 2B5
Website: www.eldoradogold.com

Request for information packages: reception@eldoradogold.com

View News Release in PDF Format:


Associated File: http://www.eldoradogold.com/i/pdf/12-07.pdf

39 KB in size, approx. 8 seconds to download at 56.6Kbps


Copyright � 2012 ELDORADO GOLD CORP. (ELD) All rights reserved. For more information visit our website at http://www.eldoradogold.com/ or send email to info@eldoradogold.com ..


 

Data and Statistics for these countries : Brazil | Greece | Turkey | All
Gold and Silver Prices for these countries : Brazil | Greece | Turkey | All
Tweet

Eldorado Gold Corporation

PRODUCER
CODE : ELD.TO
ISIN : CA2849021035
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Eldorado Gold Corporation
2/23/2014Eldorado Gold falls to quarterly loss on China mine charges
7/17/2013Eldorado Gold delays projects, cuts capex 35%
1/9/2013Eldorado Gold sees higher output in 2013
11/19/2012Eldorado Gold withdraws $500 million debt offering
7/27/2012Eldorado Gold cuts 2012 production target as profit falls
5/7/2012Eldorado Gold Corp Stock Downgraded (EGO)
1/30/2012Announces Receipt of Interim Court Order and Mailing of Meet...
11/23/2011Eldorado Gold Corp (EGO): Today's Featured Metals & Mining W...
11/4/2011Eldorado Gold on track to meet 650,000 ounce production targ...
10/10/2011Eldorado Gold Has Earned Narrow Economic Moat
5/6/2011Strong gold prices compensate for decline in Eldorado gold p...
12/23/2010"Reject TRC offer" says Eldorado Gold
9/24/2010Eldorado Gold's Growth Strategy
5/26/2010Magna shine in a month of market mayhem
5/7/2010Eldorado expands 2010 guidance to 575,000 to 725,000 ounces
3/22/2010Eldorado Gold forecasts 550,000 to 600,000 ozs of gold produ...
3/22/2010Forecasts 550,000 to 600,000 ozs of gold production in 2010
3/20/2010Posts $33,3m profit, plans Brazil iron-ore output
10/4/2009Eldorado gets green light for Sino Gold takeover
8/27/2009No complications expected in $1,8bn Eldorado Gold merger wit...
7/23/2009Brazauro Reports Results of Additional Drilling Completed by...
6/4/2009Gold Fields juggles offshore portfolio
4/16/2009Eldorado Gold's Potential Equity Raise Concerns UBS
7/30/2008Eldorado Gold Corporation Announces Sale of Sao Bento Mine
Annual reports of Eldorado Gold Corporation
2008 Annual Report
Financings of Eldorado Gold Corporation
4/2/2012KENAI ANNOUNCES PRIVATE PLACEMENT WITH ELDORADO GOLD CORP. P...
1/10/20122011 Operating Results / 2012 Operating Guidance Dividend ...
10/13/2011Announces New Credit Facility; $280 Million Revolver
Option Grants of Eldorado Gold Corporation
7/27/2012Announces Dividend Payment of CDN $0.06 per share
1/20/2012Announces Dividend Payment of CDN $0.09 Per Share
10/17/2011Announces Dividend Formula Enhancement
7/28/2011Announces Dividend Payment of CDN $0.06 per Share
Nominations of Eldorado Gold Corporation
5/24/2013Announces Election of Directors
5/25/2011Directors and Senior Management Announcement
Financials of Eldorado Gold Corporation
11/8/20132013 Third Quarter Financial and Operating Results
8/2/20132013 Second Quarter Financial and Operating Results
5/3/20132013 First Quarter Financial and Operating Results
2/22/2013Reports Year-End and Fourth Quarter Financial and Operationa...
10/26/20122012 Third Quarter Financial and Operating Results
7/27/20122012 Second Quarter Financial and Operating Results
5/3/20122012 First Quarter Financial and Operating Results; Profits ...
11/4/20112011 Third Quarter Financial and Operating Results
10/13/2011Operational Update. Record Quarterly Production - 179,195 oz...
10/13/2011Operational Update
5/8/2011Q1, 2011 Financial and Operating Results
3/17/2011 Gold Reserves Increase by 24% to 18.7 Million Ounces
2/18/2011Q4, 2010 Financial and Operating Results Earnings increased ...
1/10/2011(Eastern Dragon)2010 Operating Results / 2011 Operating Guidance Continued ...
1/10/20112010 Operating Results/2011 Operating Guidance
10/29/2010Q3, 2010 Financial and Operating Results
5/7/2010Q1, 2010 Financial and Operating Results
3/19/20102009 Year End Financial Results Gold sales up 29 percent; Ca...
10/30/2009Q3, 2009 Financial And Operating Results 2009 Production Gui...
7/31/2009Q2, 2009 Financial and Operating Results - 2009 Production a...
5/8/2009Q1 2009 Financial and Operating Results
2/19/2009Q4 2008 Financial and Operating Results Revenue increased 15...
10/31/2008Q3 2008 Financial and Operating Results Revenue, Net Income,...
8/1/2008Q2 2008 Financial and Operating Results
4/3/2008First Quarter 2008 Operating Results
3/27/20082007 Financial Results
10/10/2007Gold Announces 2007 Third Quarter Financial and Operating Re...
Project news of Eldorado Gold Corporation
2/24/2014(Eastern Dragon)Partners with CDH Investments in Eastern Dragon Project
1/16/20142013 Gold Production Increases by 10 percent while Cash Cost...
10/30/2013Announces Friendly Transaction with Glory Resources Limited ...
9/5/2013Exploration Update
4/2/2013(Vila Nova)Vila Nova Mine Update
2/18/2013Skouries Greece Project Update
9/28/2012(Tocantinzinho)Announces Approval of the Preliminary Environmental License...
6/27/2012Exploration Update
4/12/2012Growth Continues; Annual Gold Production to reach 1.7 M oz. ...
2/24/2012Correction - Eldorado Gold Corporation Completes Acquisition...
2/22/2012(Perama Hill)Receives Approval for Preliminary Environmental Impact Study...
1/5/2012(Kisladag)Kisladag Concentrate Treatment Plant Startup
8/19/2011(Kisladag)Announces Results of the Kisladag Expansion Study, Higher Pr...
6/30/2011(Efemçukuru)Announces Start-up of the Efemcukuru Gold Mine in Turkey
6/14/2011(Efemçukuru)Achieves Two Key Permitting Milestones in Turkey
5/8/2011(Tocantinzinho)Tocantinzinho Positive Technical Study
2/18/2011(White Mountain)(angl) Production for 2010
2/18/2011(Kisladag)(angl) Production for 2010
2/18/2011(Tanjianshan)(angl) Production for 2010
2/18/2011(Jinfeng)(angl) Production for 2010
12/7/2010(Eastern Dragon)China Update: White Mountain Exploration Results (20.5M @8.7...
11/3/2010(Vila Nova)Announces the First Shipment of Iron Ore from the Vila Nova ...
7/21/2010(Tocantinzinho)Initial Resource Estimate & Plans to Move Forward at TZ Proj...
10/30/2009(Efemçukuru)Update - Mineral Reserves Increase by 23%
10/28/2009(Kisladag)Significant Mineral Resource Increase at Kisladag
8/5/2009(Vila Nova)Consolidates Ownership of Vila Nova Iron Ore Project
5/6/2009(Efemçukuru)Announces the Deepest Intercept Drilled in the North Ore Sho...
4/27/2009(Kisladag)Kisladag Optimization Study Results
4/16/2009(Perama Hill)Perama Hill Project Update
3/27/2009(Efemçukuru)2009 Exploration Program
1/6/2009(Efemçukuru)Efemçukuru North Ore Shoot Drilling Continues to Grow Deposi...
8/29/2008(Efemçukuru)Efemçukuru Project Update
3/17/2008(Vila Nova)Vila Nova Iron Ore Project
3/6/2008(Kisladag)Kisladag Mine Re-opens
2/11/2008(Kisladag)Kisladag Mine Update
8/1/2007(Efemçukuru)Efemçukuru Positive Feasibility Study
7/31/2007(Vila Nova)Gold Announces Decision to Develop the Vila Nova Iron Ore De...
Corporate news of Eldorado Gold Corporation
2/21/2014Reports 2013 YE and Q4 Financial and Operational Results
7/16/2013News Release
7/16/2013
7/2/2013Announces Second Quarter 2013 Financial and Operating Result...
4/17/2013Announces Renewal of Normal Course Issuer Bid
4/9/2013Announces First Quarter 2013 Financial and Operating Results...
3/15/2013Announces Increase to Its Normal Course Issuer Bid
1/24/2013Announces Year End 2012 Financial Results Release Date and C...
1/9/20132012 Operating Results and 2013 Operating Guidance
12/10/2012Announces Pricing of $600 Million Senior Notes Offering
11/26/2012Announces Increased Revolving Credit Facility to US$375 Mill...
11/19/2012Announces Withdrawal Of Proposed Offering Of Senior Notes
11/12/2012Announces Launch of US$500 Million Senior Notes Offering
10/25/2012New Drilling Results and Mineral Resource Update for Certej ...
9/25/2012Exploration Update
9/14/2012Confirms Certej Permit Granted in Full Compliance With Roman...
7/24/2012Council of State Revokes Suspension Order in Greece
7/4/2012Court Decision Provisionally Suspends Tree Cutting in Halkid...
6/22/2012Announces Senior Management Promotions
6/21/2012Announces 2012 Second Quarter Financial and Operating Result...
5/30/2012to De-List From Australian Securities Exchange
4/5/2012Announces Normal Course Issuer Bid
3/22/2012Greece Activity Update
2/23/2012and European Goldfields Limited Announce Court Approval for ...
2/21/2012European Goldfields Limited and Eldorado Gold Corporation An...
2/7/2012and European Goldfields Limited Announce Recommendation By L...
12/19/2011to Acquire European Goldfields and Create the Leading Growth...
10/7/2011Announces Exploration Programs Update
9/29/2011Announces 2011 Third Quarter Financial and Operating Release...
6/20/2011Announces 2011 Second Quarter Financial Results Release Date...
4/8/2011Acquires Units of Serabi Mining plc
3/29/2011Announces Normal Course Issuer Bid
1/31/2011Dividend Payment of CDN $0.05 per share
12/22/2010Recommends Rejection of "Mini-Tender" Offer from TRC Capital...
6/17/2010Exploration Programs Update
5/12/2010Friendly Transaction With Brazauro Resources Corporation By ...
1/28/2010Mineral Resources and Reserves
9/14/2009And Sino Gold Satisfaction Of Due Diligence Conditions
8/26/2009And Sino Gold Announce Business Combination
8/13/2009New Gold Zone Identified at Tanjianshan
7/28/2009Closes Acquisition Of Stake In Sino Gold
7/21/2009Files Final Short Form Prospectus to Qualify Shares Issued i...
7/16/2009Disposes Of Non-Core Asset
7/15/2009Amends Agreement to Acquire Gold Field's Stake in Sino Gold
6/6/2009Acquires Gold Field's Stake in Sino Gold
2/24/2009Announces Public Offering of Common Shares
1/30/2009Efem=E7ukuru Receives Positive High Court Decision
1/22/20092008 Year End Update and 2009 Guidance Record Performance in...
10/1/2008Exploration Update
9/9/2008announces successful repatriation of funds from China
9/3/2008Perama Update
8/5/2008Acquires Shares of Brazauro
7/30/2008Acquires Units Of Brazauro
7/17/2008Increases Stake In Frontier To Over 95%
7/9/2008Brazauro And Eldorado To Partner On The Tocantinzinho Projec...
7/3/2008Bid for Frontier Successful
6/20/2008Issues Notice Of Variation And Extension - Offer Extended To...
6/18/2008And Frontier Reach Agreement On Acquisition - Eldorado'S Off...
6/16/2008Confirms Best And Final Offer For Frontier Will Expire On Ju...
6/11/2008Issues Proxy Circular Soliciting Blue Proxies To Vote Agains...
6/4/2008Offer To Frontier Shareholders Continues To Be Full And Fair
6/2/2008Commences Efem=E7ukuru Construction
5/9/2008Mails Offer To Frontier Pacific Shareholders
4/23/2008 Announces Offer For Frontier Pacific Mining Corporation
2/22/20082007 Mineral Reserves and Mineral Resources
11/1/2007Q3 2007 Financial and Operational Results
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (ELD.TO)NYSE (EGO)
7.82+0.39%6.97+0.58%
TORONTO
CA$ 7.82
10/24 16:00 0.030
0.39%
Prev close Open
7.79 7.77
Low High
7.70 7.92
Year l/h YTD var.
6.15 -  9.27 23.15%
52 week l/h 52 week var.
5.79 -  9.27 7.57%
Volume 1 month var.
1,192,223 0.256%
24hGold TrendPower© : -21
Produces Gold - Iron
Develops Gold - Silver
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
201428.41%8.255.82
2013-50.61%9.9210.03
2012-9.87%15.5810.08
2011-23.96%21.4212.73
201023.98%20.7611.69
 
5 years chart
 
3 months chart
 
3 months volume chart