Eldorado Puts Greece on Hold; Reducing Fair Value Estimate, but We Think Mines Will Open Eventually
On Sept. 11, Eldorado Gold announced plans to suspend all investment and operations in Greece following continued stalling tactics by the government. All construction, development, and commissioning will be suspended effective Sept. 22 unless Eldorado receives outstanding permits at Skouries and Olympias by Sept. 21. Furthermore, Perama Hill and Sapes will remain on care and maintenance. We still think Eldorado’s Greek mines will open eventually, but see today’s announcement as a setback. We’ve ...Eldorado Gold is engaged in the exploration, development, mining and production of gold and other mining resources in Brazil, China, Turkey and Greece.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.