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Eldorado Gold Corp T.ELD

Alternate Symbol(s):  EGO

Eldorado Gold Corporation is a Canada-based gold and base metals producer with mining, development and exploration operations in Turkiye, Canada, Greece and Romania. The Company’s operations include Lamaque, Olympias, Efemcukuru and Kisladag. The Lamaque is an underground gold mine in Val-d’Or, Quebec. The Olympias operation is a gold-silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece. Efemcukuru is an underground operation located in Izmir Province in western Turkiye. Kisladag is located in Usak Province in western Turkiye. Its Skouries project is a world-class asset located on the Halkidiki Peninsula in northern Greece. The Certej project is a non-core gold asset in Romania. Its other operations include Perama Hill and Stratoni. Stratoni is an underground, silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece. Perama Hill is an epithermal gold-silver deposit located in the Thrace region of northern Greece.


TSX:ELD - Post by User

Bullboard Posts
Comment by ghost11on Mar 11, 2015 4:19pm
195 Views
Post# 23511086

RE:Greece wildcard

RE:Greece wildcardMost analysts gave a weighing of 25-33%  to the assests in Greece, The current price largely discounts Greece assets.  If ELD has to finally forgeo the asset I think ELD will drop another 50 cents from the price on the day the news is released, hard to say exactly though as gold price then will have a bearing, as well. what sort of compensation if any ELD will get will have a bearing too.
Long term it will be more negative for the price as their assets in Turkey and China have higher cost of production and the resource is dwindling, but that is longer term as the assets in Greece is not going to be making an appreciable impact on production till late 2016 as far as I know
Bullboard Posts