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Eldorado Gold Corp T.ELD

Alternate Symbol(s):  EGO

Eldorado Gold Corporation is a gold and base metals mining, development, and exploration company. It has mining operations, ongoing development projects and exploration in Turkiye, Canada, and Greece. It operates four mines: Kisladag and Efemcukuru located in western Turkiye, the Lamaque Complex in Quebec, Canada, and Olympias, located in northern Greece. Kisladag, Efemcukuru and Lamaque are gold mines, while Olympias is a polymetallic operation producing three concentrates bearing gold, lead-silver and zinc. The Lamaque Complex is located in Val-d’Or, Quebec. It includes the Triangle Mine (Upper and Lower), the Ormaque Deposit, the Parallel Deposit, the Plug #4 Deposit, and the Sigma Mill. Efemcukuru is an underground operation located in Izmir Province in western Turkiye. Its other development project in its portfolio includes Perama Hill, a gold-silver project in Greece. Its Stratoni is an underground, silver-lead-zinc mine located in the Halkidiki Peninsula in northern Greece.


TSX:ELD - Post by User

Bullboard Posts
Post by LongoGlueStickon Jul 30, 2007 4:28pm
353 Views
Post# 13173066

Eldorado seems confident...

Eldorado seems confident...With a statement such as: "The case involves the challenge of the EIA Report and, on the basis of the Company's confidence in both the methodology and integrity of the EIA Report, the Company anticipates that the decision should be positive to Eldorado." and... "the Company remains confident that the integrity of the EIA Report and the impeccable operating record of the mine will result in a positive decision by the court and a successful reopening of the mine," commented Paul Wright," I think management feels strongly that the court will rule in its favour. So long as there is not fault with the EIA, they should be okay. Official closure is supposed to start on August 20. The high court comes back in early September with an expected decision to be made within 2 months. From what I understand, the mine will operate at full production until August 20, so we have a possible 3 months shut down of production right now. Lets see how this goes...
Bullboard Posts