Eldorado Gold Postpones Decision to Suspend Skouries Mine Operation

Thursday, September 21st, 2017
Last Update: 14:32

Eldorado Gold Corp on Thursday said it had decided to temporarily postpone its decision to place its Halkidiki assets on care and maintenance.

The company also said it entered into dialog with Greece’s Ministry of Energy and Environment to develop its Kassandra Mine assets.

“Communication (between Greece and Eldorado) started at the beginning of the week…we have exchanged letters and made efforts for a solution,” Hellas Gold CEO Dimitris Dimitriadis told Skai television.

“Hopefully, these efforts will be fruitful”.

Eldorado warned last week that it could halt new investment in Greece from Sept. 22, unless the country granted it permits and showed willingness to engage in constructive talks.

Earlier on Thursday, hundreds of Eldorado Gold workers fearing job losses marched through Athens, hours before the deadline imposed by the Canadian miner over permits was supposed to expire.

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