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Eldorado Gold Signs Amended Investment Agreement with the Hellenic Republic


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Eldorado Gold Signs Amended Investment Agreement with the Hellenic Republic
Eldorado Gold CorporationFebruary 5, 2021 GMT
VANCOUVER, British Columbia, Feb. 05, 2021 (GLOBE NEWSWIRE) Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to announce its wholly-owned subsidiary, Hellas Gold S.A. has entered into an amended Investment Agreement (the “Agreement”) with the Hellenic Republic to govern the further development, construction and operation of the Skouries, Olympias and Stratoni/Mavres Petres mines and facilities in northern Greece (collectively the “Kassandra Mines”).   The Agreement amends the 2004 Transfer Agreement between Hellas Gold S.A. and the Hellenic Republic, and provides a modernised legal and financial framework to allow for the advancement of Eldorado’s investment in the Kassandra Mines. ....

United States , United Kingdom , Perifereia Kentrikis Makedonias , British Columbia , El Dorado , Perifereia Peloponnisou , Hellenic Republic , Mavres Petres Stratoni , George Burns , Louise Burgess , Stratoni Mavres Petres , Simon Hille , Dan Gagnier , Jeff Wilhoit , York Stock Exchange , Vp Technical Services For The Company , Communications Government Relations , Eldorado Gold Corporation , Greek Parliament , Toronto Stock Exchange , Eldorado Gold , Ministry Of Energy Environment , Gagnier Communications , Gold Corporation , Investment Agreement , Mavres Petres ,

Why Eldorado Gold Stock Rallied 12.5% at the Open Today


Author Bio
Reuben Gregg Brewer believes dividends are a window into a company s soul. He tries to invest in good souls.
What happened
Eldorado Gold (NYSE:EGO) jumped 12.5% in early trading on Feb. 5. The big news was an agreement the company signed with Greece. Here s a high-level view of why investors were so positive about the news.  
So what
The new deal updates one signed in 2004 so that it provides a modernised legal and financial framework to allow for the advancement of Eldorado s investment in the Kassandra Mines, according to Eldorado. Notably, the new agreement creates a permitting system that is similar to what is being used in the country for other large investment projects. In exchange, Greece will basically get more money out of Eldorado Gold (a 10% increase in royalty rates), as well as increased environmental and community development efforts (3,000 jobs and $80 million in local spending programs).   ....

Perifereia Peloponnisou , Perifereia Kentrikis Makedonias , Mavres Petres Stratoni , Eldorado Gold , Kassandra Mines , Wall Street , எல்டோராடோ தங்கம் , கஸ்ஸந்திர சுரங்கங்கள் , சுவர் தெரு ,

Canadian miner Eldorado signs revised contract with Greece for Kassandra Mines


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ATHENS (Reuters) - Canada s Eldorado Gold Corp on Friday signed a revised contract with Greece covering its mining operations in the north of the country, where it has faced repeated stalling over licensing delays and environmental concerns.
Eldorado has been in talks with the Greek government on a revised investment plan that would secure higher royalties from mining development and new jobs.
Shares in the company gained nearly 9% on the Toronto Stock Exchange on the amended agreement that includes an investment plan for the miner s Skouries, Olympias and Stratoni/Mavres Petres mines and facilities in northern Greece, collectively the Kassandra Mines. ....

Perifereia Peloponnisou , Perifereia Kentrikis Makedonias , Mavres Petres Stratoni , Kostas Skrekas , James Mackenzie , Shinjini Ganguli , Stratoni Mavres Petres , Arundhati Sarkar , Angeliki Koutantou , Toronto Stock Exchange , Greek Energy , Mavres Petres , Greek Energy Minister Kostas Skrekas , ஜேம்ஸ் மெக்கன்சி , ஷின்ஜினி கங்குலி , அருந்ததி சர்க்கார் , டொராண்டோ ஸ்டாக் பரிமாற்றம் , கிரேக்கம் ஆற்றல் ,