Home > Boards > Canadian > Basic Materials > Eldorado Gold Corp (EGO)

Greece seeks to kickstart stalled Eldorado gold mine investment

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
NYBob Member Profile
Member Level 
Followed By 841
Posts 74,238
Boards Moderated 66
Alias Born 11/22/03
160x600 placeholder
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/1/2020 5:23:25 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/1/2020 3:11:52 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/1/2020 6:42:17 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/1/2020 6:24:44 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 5/1/2020 6:18:19 AM
Eldorado Gold Announces Voting Results from Annual Meeting of Shareholders GlobeNewswire Inc. - 4/30/2020 11:00:10 PM
Eldorado Gold Reports Q1 2020 Financial and Operational Results GlobeNewswire Inc. - 4/30/2020 5:09:10 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 4/30/2020 12:32:28 PM
Eldorado Gold Provides Update on Annual Meeting of Shareholders GlobeNewswire Inc. - 4/20/2020 6:45:10 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 4/17/2020 1:34:13 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 4/14/2020 3:22:50 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 4/14/2020 1:22:24 PM
Eldorado Gold Announces Restart of Lamaque Operations GlobeNewswire Inc. - 4/14/2020 6:45:10 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 4/9/2020 1:03:31 PM
Eldorado Gold Announces First Quarter 2020 Preliminary Production Results and Conference Call Details GlobeNewswire Inc. - 4/9/2020 6:55:10 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 3/31/2020 5:26:31 PM
Annual Report (foreign Private Issuer) (40-f) Edgar (US Regulatory) - 3/30/2020 3:52:06 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 3/30/2020 12:53:25 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 3/30/2020 12:44:17 PM
Eldorado Gold Announces Partial Drawdown of Credit Facility GlobeNewswire Inc. - 3/30/2020 11:34:13 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 3/26/2020 4:48:27 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 3/24/2020 12:36:55 PM
Eldorado Gold Provides Update on Lamaque Operations and Expansion Permit Approval GlobeNewswire Inc. - 3/24/2020 10:06:16 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 3/3/2020 2:09:32 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 3/3/2020 1:28:03 PM
NYBob Member Level  Wednesday, 07/24/19 03:29:03 AM
Re: steez post# 1011
Post # of 1047 
Greece seeks to kickstart stalled Eldorado gold mine investment
Reuters | July 23, 2019 | 1:02 pm Europe Gold

Eldorado to soon obtain permit for processing plant in Greece, minister hints -



Construction of processing plant at Skouries. (Image courtesy of Eldorado Gold)

Greece’s recently-elected government wants a stalled gold mine investment by Canada’s Eldorado to be revived, its energy minister said on Tuesday after meeting company executives.

Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled with permit delays at one location, Skouries, for years.

GREECE ACCOUNTS FOR 42% OF ELDORADO’S OPERATING NET ASSET VALUE


Its planned investment in Greece has been viewed as one of the biggest in the country in years.

Eldorado halted construction in November 2017 at Skouries, which has reserves of 3.7 million ounces of gold and 1.7 billion pounds of copper, citing mainly environmental permit delays.

“We want this investment to come to life. We want to tie up loose ends,” Energy Minister Kostis Hatzidakis told Skai TV. “It is a New Democracy commitment,” he said, referring to the ruling party.

Hatzidakis was speaking after he and his deputy met with Eldorado’s president and CEO George Burns and other executives.

Prime Minister Kyriakos Mitsotakis’s conservative government took over this month from leftist former prime minister Alexis Tsipras, on pledges to attract more investment into the economy.

The energy ministry said the government “underlined its will to support the investment with respect, of course, to all environmental terms.”

Greece accounts for 42% of Eldorado’s operating net asset value.

In September, the company said it would seek 750 million euros ($836 million) from the government in damages it attributed to the delays.

($1 = 0.8970 euros)

(By Angeliki Koutantou and Karolina Tagaris; Editing by David Evans)

https://www.mining.com/web/greece-seeks-to-kickstart-stalled-eldorado-gold-mine-investment/

God Bless


My opinions are my own and and DD I post should be confirmed as unbiased
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist