Eldorado Shares Rally Significantly Following Positive Comments From Greek Energy Minister
On May 22, Eldorado Gold's U.S. shares rallied nearly 17% and its Canadian shares rallied more than 9% following positive commentary from the Greek Energy Ministry regarding the ongoing dispute regarding the Skouries metallurgy plant. However, today's development and share price rally does little to change our view, as we continue to include a 50% probability that Olympias will begin commercial production in 2019 and Skouries will begin production in 2022.We maintain our fair value estimates of...
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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