Eldorado Gold Corp T.ELD

ELD closer to restarting Skouries construction in Greece

[CatamaranFund]

Todays 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.

[Singoa58]

More share dilution coming is what your really saying bozo lol.  The people of Greece don’t want a mine in the pristine tourist area.... good ruck tubeman with your dumb investment 

[Singoa58]

Times have changed tubeman as the world no longer wants environment damaging gold mines...     elderado will not survive plus the deals they made with Greece and Turkey make these assets money losers....eld lost 316 million USA with 1900 gold and now we have 1700 gold soon to be 1600...your investment is finished dude 

[Singoa58]

Tubeman are you just that dumb?   The Greeks are protesting in the 1000,s against this project and have petitioned the courts to shut it down,,,will never see a shovel dude

[Eldoradosucks]

The Greeks are not stupid at all. They need pasture for their sheep. Kebab is more important than gold.

[Singoa58]

   Was a massive turnout for elderado protest.... I remember tvx gold held that property decades ago and had to walk away losing billions just like elderado will...skories will never see a shovel ...the courts and protestors will not tolerate a cyanide mine in their ancient forest along with their drinking water in arms way...

[Nicksonsnowboar]

Not to blow your bubble but I think the pre construction judging by the stock price and burnsides ingenuity was the planting of flowers . Judging by pass performance a mine startup is the last thing on burnsides mind. That ship has sailed. Also better hope when they report again that they don't have any other massive write downs like all pass quarters. 

[Singoa58]

Company summer bbq good for a massive write down and soon they will have to write down Greece assets as the citizens and courts will never let it happen in environment friendly world ... like the protesters says why risk 35.000 jobs for 900 plant workers ...plant tulips 

[Nicksonsnowboar]

Another new low , record speed. Burnside should start having nr's on how he has accomplished such a feat. Garage sale coming soon