Few Surprises in Third Quarter for Eldorado; Fair Value Hinges on Development Projects
The third quarter had few surprises, as the key to Eldorado’s fair value centers on its development projects. With the sale of Jinfeng complete and the divestment of other Chinese mines expected to be completed by mid-November, Eldorado now has only four gold mines in operation. This magnifies the importance of Eldorado’s Greek projects to the future performance of the company.We’ve adjusted our forecasts for year-to-date progress and to reflect 2017 guidance. Separately, we’ve reduced our exit...
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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