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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

Comment by goldsuckson Oct 18, 2021 8:01am
109 Views
Post# 34016976

RE:RE:RE:Gold looks ready for a BIG move UP!

RE:RE:RE:Gold looks ready for a BIG move UP! His plan also says :

Of "Evolution", 2021-2024: Provides for financial consolidation of Hellenic Gold and ensuring sustainability, reconstruction, optimization of the mode of operation and enhancement of productivity, implementation of the work of Skourias, securing funding and planning the social plan investments in the context of Corporate Social Responsibility. The whole phase has received the code name "Project EVOLUTION 2021-2024"

Of "Development", 2025-2029: It is the phase of transition to the full development of the investment. It includes the completion of development and upgrade projects, the receipt of all licenses, the maximization of employment, the start of commercial production of the Skourias project and the implementation of emblematic projects within the framework of Corporate Social Responsibility.

And of "Maturation", 2030+: We are in the full development of the Kassandra Mines. There is productive stability and job security, investments in social and environmental projects continue, while the parallel rehabilitation of the mining area continues.
That confused me .  Anyhow looks like Greece will be still long time and lots of money spent before it makes any profit for ELD...........

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