El­do­rado Gold squeezes more per­mits out of Greek gov’t

Stockwatch Daily - - FRONT PAGE - Mr. Ge­orge Burns re­ports

EL­DO­RADO GOLD Corp. has re­ceived the ap­proval of the tech­ni­cal study for the Old Olympias mine clo­sure and the in­stal­la­tion per­mit for the paste plant at Olympias.

At this time, re­main­ing out­stand­ing is the is­suance of the

amended electro­mechan­i­cal in­stal­la­tion per­mit for the Sk­ouries flota­tion plant as well as other mat­ters, in­clud­ing, but not lim­ited to, the re­lo­ca­tion of an­tiq­ui­ties at the Sk­ouries site.

Upon re­ceipt of the re­quired Sk­ouries per­mit and the Greek govern­ment be­ing will­ing to en­gage with the com­pany in con­struc­tive dis­cus­sions, the com­pany will then be in a po­si­tion to re­assess its

in­vest­ment op­tions in Greece.

Ge­orge Burns, pres­i­dent and chief ex­ec­u­tive of­fi­cer for El­do­rado Gold, said: “This is an­other pos­i­tive step for­ward; how­ever, we are still wait­ing on the other mat­ters, which we con­tinue to be­lieve can be re­solved through good faith ne­go­ti­a­tions. We again in­vite the min­istry to en­gage with us to re­solve these mat­ters.” About El­do­rado Gold Corp.

El­do­rado is a lead­ing mid-tier gold pro­ducer with min­ing, devel­op­ment and ex­plo­ration op­er­a­tions in Turkey, Greece, Ro­ma­nia, Ser­bia, Canada and Brazil. The com­pany’s suc­cess to date is based on a highly skilled and ded­i­cated work force, safe and re­spon­si­ble op­er­a­tions, a portfolio of high-qual­ity as­sets, and long-term part­ner­ships with the com­mu­ni­ties where it op­er­ates.

We seek Safe Har­bor.

Ge­orge R Al­bino, Ge­orge Ray­mond Burns, Pamela M Gib­son, Robert Rus­sell Gil­more, Ge­of­frey Arthur Han­d­ley, Michael A Price, Steven Paul Reid, Jonathan Arn Ruben­stein, John Web­ster, Paul Ni­cholas Wright

(ELD) Shares: 794,010,680

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.