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Shares of El Dorado Up on Production Announcement
Apr. 12, 2012 02:51PM PST
Precious Metals InvestingCNBC News reported that shares in El Dorado Gold Corp. (NYSE:EGO) rose on the company’s assertion it would double gold production over five years.
CNBC News reported that shares in El Dorado Gold Corp. (NYSE:EGO) rose on the company’s assertion it would double gold production over five years.
As quoted in the market news:
Eldorado said that it will increase its investment in a number of mining projects to drive up production by 160 percent, to 1.7 million ounces annually, by 2016. The Canadian company outlined plans to invest $1 billion in Greece for new mines.
Click here to read the full CNBC News report.
