Eldorado Gold Corp T.ELD

Alternate Symbol(s): EGO

Metals & Mining Gold

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.

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Eldorado Gold Corp

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Comment by ghost11on Mar 11, 2015 4:19pm

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Post# 23511086

RE:Greece wildcard

Most 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

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