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Eldorado Gold Corp shares plunge 19% after company suspends most activities in Greece

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Over several years, Eldorado Gold Corp. earned a reputation for getting mines built in challenging countries where its rivals struggled. But in Greece, that reputation is being seriously tested. The Vancouver-based miner’s stock plunged 19 per cent to $3.53 on Tuesday after it announced the suspension of most of its …

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Eldorado Gold Corp suspends much of its mine construction in Greece as permit delays continue

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Canadian miner Eldorado Gold Corp on Monday said it was suspending much of its mine construction and development in Greece after a year of confrontations with the Greek government that included permits being revoked and delayed by the state. Eldorado said it would suspend construction at its Skouries project and …

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Greece suspended, but Eldorado Gold upgraded anyway

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After years of permitting delays and other obstacles in Greece, Eldorado Gold Corp. finally announced a suspension of most of its Greek activities on Monday night. The stock plunged 19 per cent on Tuesday. Analysts responded with a wave of target price cuts. TD Securities analyst Steven Green was one …

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Eldorado Gold wins appeal of Greek mining ban

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ATHENS — Greece’s top administrative court has annulled the government’s decision last year to revoke Eldorado Gold’s mining licence, according to court documents published on Wednesday. The Canadian mining company had appealed to Greece’s top court to overturn the ban on its plans to develop gold mines in a forested …

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Eldorado Gold Corp warns of US$1.6 billion write down after halting work in Greece

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Eldorado Gold Corp said it expects to write down the value of its assets in Greece by US$1.2 billion-US$1.6 billion, after the Canadian miner suspended majority of mine construction and development in the European country. The company also forecast 2016 gold production of 565,000-630,000 ounces on Monday, much lower than …

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