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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PRODUCTEUR |
CODE : EGU.L |
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European Goldfields est une société de production minière d'or basée au Royaume-Uni. European Goldfields est productrice d'or, d'argent, de plomb et de zinc en Grece, en développement de projets d'argent, de cuivre et d'or en Grece et en Roumanie, et détient divers projets d'exploration en Roumanie. Son principal projet en production est STRATONI en Grece et ses principaux projets en développement sont SKOURIES et OLYMPIAS en Grece et CERTEJ en Roumanie. European Goldfields est cotée au Canada, au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 147,8 milliards GBX (232,7 milliards US$, 174,0 milliards €). La valeur de son action a atteint son plus bas niveau récent le 05 décembre 2008 à 100,00 GBX, et son plus haut niveau récent le 28 janvier 2011 à 990,40 GBX. European Goldfields possède 183 932 000 actions en circulation. |