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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 maldororon Sep 19, 2017 2:41pm
279 Views
Post# 26715430

ELD and Greece

ELD and GreeceUnfortunately, those that do not learn from history are doomed to repeat it. The current problems that Eldorado has with getting permits from the Greek government are just a repeat from the past. Eike Batista quite a number of years ago was supported by a large loan from the European Bank for Reconstruction to bring the Northern Greece properties into production. At the time the Greek government withheld permits because they claimed that the bones of either Archimedes or Aristotle were known to be buried on these properties. Batista after a number of years gave up. It was rumoured that he gave up because he could never find out who to pay off. There were too many claimants that claimed to have the right connections to get the permits. Only a very strong intervention by the European Govt.  to threaten to stop the European subsidies to Greece will do the trick.
Maldoror

Bullboard Posts