Lowering Eldorado’s FVE on Growth Concerns, as Cash Flow Unlikely Enough to Fund Project Pipeline
There’s been little news for Eldorado in the last couple of months, leaving investors on the edge of their seats as they await the results of arbitration against the Greek government on the Skouries project. Meanwhile, shares have continued to fall. Full-year 2017 results were weak, reflecting continuing trouble across the portfolio. Production was almost 293,000 ounces of gold, including pre-commercial production, compared with about 313,000 ounces in 2016. Meanwhile, costs climbed, with total ...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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