Eldorado Gold Announces Amended Investment Plans in Greece

Eldorado Gold Corporation (“Eldorado” or the “Company”) today announces plans to suspend investment at its operating mines, development projects and exploration assets in Greece.
As quoted in the press release:

George Burns, President and Chief Executive Officer of Eldorado Gold, commented:
“It is extremely unfortunate to find ourselves at this impasse when we should be advancing an important commercial project in partnership with Greece and adding another 1,200 jobs to our current workforce of approximately 2,400 people in Greece.  Eldorado’s investment in Greece is about building a world-class operation that can exist as a long-term partner to Greece and has the ability to promote advanced skills and training for its people and deliver well-paying jobs to sustain families and local businesses.  Of equal importance, as a commercial partner, this business can provide much-needed tax and export revenue for generations.”

Click here for the full text release