GREECE Mining News

Greece to kick off arbitration process over Eldorado Gold’s project

Authorities seek to settle differences with the Canadian miner over Skouries, one of the gold projects the firm is currently developing in northern Greece.

Eldorado finishes Integra Gold acquisition, expands operations in Canada

Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years.

Eldorado Gold risks missing 2017 guidance over issues with Turkish mine

It now expects to produce at least 180,000-210,000 ounces of gold this year at Kışladağ, which brings Eldorado's full-year guidance down from 365,000-400,000 ounces to 315,000-365,000 ounces.

Greece to take Eldorado Gold to arbitration court over project

Energy minister George Stathakis said the move aims to ensure the company respects its contractual obligations.

Eldorado to take full control of Integra Gold as its expands to Canada

Move is part of an ongoing effort to strengthen its position in the home country, particularly around the gold-rich Eastern Abitibi region, in Quebec.

Greece to sell coal-fired plants, mines as part of bailout deal

Athens will begin testing the waters for such sale in November, with the goal of wrapping up the sale by June 2018.

Eldorado to begin production at its Greek Olympias mine by year-end

The Canadian miner also said it has obtained better terms for concentrate sales from the project, which are likely to add 15,000 ounces of payable gold production a year.

Eldorado Gold output slightly below target, shares fall

Company has decided to reconfigure the plan for its Turkey-based Kışladağ mine, which is its flagship operation.

Eldorado CEO Paul Wright retires, Goldcorp's George Burns takes over

Wright, who joined Eldorado in 1996 and has held several management positions prior to becoming its president and CEO in 1999, will be the company's new chairman.

Eldorado Gold officially out of China

Company has finished selling its stakes in the White Mountain and Tanjianshan mines, as well as in the Eastern Dragon development project to an affiliate of China’s Yintai Resources.

Greece grants permit to Eldorado Gold’s Skouries mine

Decision is expected to put an end to years of confrontation between the Canadian miner and the Greek government.

Eldorado Gold exits China, sells Jinfeng mine for $300 million

The move marks the Vancouver-based miner exit from China.

Increasing mine safety and productivity in China

RCT’s Smart Technology helped Eldorado Gold’s White Mountain achieve its safety and productivity goals.

Eldorado announces new exploration projects in Romania, Serbia and Brazil

Eldorado Gold Corporation, ("Eldorado" or "the Company") is pleased to announce plans at four new exploration projects.

Eldorado Gold to sell remaining assets in China to Yintai Resources for $600 million

The deal marks the end of Eldorado’s reign in China.

Eldorado Gold to restart construction of Skouries mine

Greek authorities have finally approved an updated technical study for the project, which clears the way for the proposed mine.

Eldorado Gold to sell Chinese mine for $300 million

Jinfeng produced 149,655 ounces of gold in 2015 and is expected to generate 95,000-105,000 ounces of gold this year.

Eldorado Gold granted key permit for Olympias mine in Greece

The permit allows the company to set up a processing plant in Olympias, which is crucial for the development of the mine.

Ancient Greek silver mine unearthed

Archeologists working in Thorikos, Greece, have found a pristine silver mine that has lain untouched for over 5,000 years.

Eldorado Gold to book up to $1.6 billion charge after halting work in Greece

However, the company said it remains committed to having a presence in Greece and has budgeted $155 million in development spending at the Olympias project.

Greek court annuls Govt. decision to revoke Eldorado Gold licence

The ruling comes only a few days after the Canadian miner decided to halt work at its mine in northern Greece, putting 600 jobs in the line.

Greek gold miners prepare to fight Syriza

Move comes as Canada's Eldorado, Europe's largest potential gold producer, announced massive job cuts as a result of government bureaucracy.

Greece won’t negotiate with Eldorado unless it resumes operations

Environment and Energy Minister, Panos Skourletis, said the company must recall its decision to halt work at most of its sites before any dialogue between the two sides can begin.

Eldorado Gold halts much of its mine construction in Greece, cuts jobs

The decision comes after more than a year of confrontations with the Greek government that included permits being revoked and delayed several times.

Greek court’s final ruling about Eldorado operations still pending

The company has temporarily resumed activities in the country, while it awaits a final decision.