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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

Post by CatamaranFundon Feb 13, 2021 9:06pm
275 Views
Post# 32563487

It's coming - Part 3

It's coming - Part 3
The new contract, signed by RIS and Eldorado Gold for the mines of Halkidiki, is in the process of approvals by Greek and community services. In this context, the final approval of the new agreement by DG Comp (the Commission's Directorate-General for Competition) is expected, so that the contract can be forwarded to parliament.

According to information, the leadership of the Ministry of Environment and Energy estimates that the above process will be completed within the next three weeks, so that in March the contract will be ratified by the parliament.

Regarding the individual issues of the contract, according to the information, the amendment of the Decision of Approval of Environmental Conditions regarding the technology of dry waste disposal is also expected, with Hellenic Gold having already submitted the relevant study to RIS.

However, the issue of metallurgical treatment of concentrates is postponed to be resolved within two years. It is noted that the issue is being considered by a special committee, which will favor the best solution, after negotiations with Hellenic Gold.
Cheers to all the patient investors!!
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