Eldorado Receives Positive Arbitration Ruling, but Greek Development Openings Remain Uncertain
On April 4, Eldorado Gold announced the results of arbitration regarding its Greek development projects. As we had long anticipated, the arbitration panel ruled in Eldorado’s favor, agreeing that the company’s technical study, specifically the metallurgy plant for treating concentrates from Olympias and Skouries, was not in violation of the terms set forth during the acquisition of the Greek assets. Due to the favorable ruling, share prices have risen about 12% over the last two days, as we writ...Eldorado Gold is engaged in the exploration, development, mining and production of gold and other mining resources in Brazil, China, Turkey and Greece.
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