ELD closer to restarting Skouries construction in GreeceTodays Mining.com's writer Cecilia Jamasie reports that Eldorado Gold is closer to restarting construction at Skouries project in Greece as it pushes ahead with pre-construction works. The report highlights;
- overcoming government delays through new investment contract with Greece in Q1
- mitigate community opposition through 'green' dry stack tailings disposal & assurance of compliance to ESG & all Greek /EU environmental regulations.
- Finiancial backing to be announced in coming weeks/ partnership
- Potential growth /merger/ aquisition to be announced shortly
- keeping 2022 production guidance untouched at 460,000 – 490,000 ounces.
- information on the miner’s Q2 financial and operational results will be shared at the end of July.
Reference:
https://www.mining.com/eldorado-gold-closer-to-restarting-construction-at-skouries-in-greece/
Eldorado typically reports 'pre-production' Q2 results around now as last year it happened on July 12, 2021 so expect it to happen over the next few days - maybe tomorrow.
Cheers to all who are ELD investors-this investment will return to profitability for all patient holders as Precious metals move from 'unloved to attractive' again.