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Eldorado Gold to sustain Greece operations despite crisis

Jun. 29, 2015 2:53 PM ETEldorado Gold Corporation (EGO) Stock, ELD:CA StockEGOBy: Carl Surran, SA News Editor
  • Eldorado Gold (EGO +0.3%) says it will be able to sustain operations in Greece and pay workers, despite the country's imposition of capital controls.
  • EGO's Greek assets include the Stratoni mine and three projects in northern Greece at the Olympias, Skouries and Perama Hill sites, making up ~40% of the miner's total operating net asset value.
  • EGO says its operations are not affected by the government’s measures, which includes limits on cash withdrawals of 60 euros/day ($67), although electronic transactions within Greece will not be affected.

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