TSX: ELD NYSE: EGO
VANCOUVER,
Sept. 15, 2017
/CNW/ - Eldorado Gold Corporation ("Eldorado" or the
"Company") confirms that it has today received the approval of the
Technical Study for the Old Olympias Mine Closure and the
Installation Permit for the paste plant at Olympias.
At this time, remaining outstanding is the issuance of the
amended Electromechanical Installation permit for the Skouries
flotation plant as well as other matters including, but not
limited to, the relocation of antiquities at the Skouries
site.
Upon receipt of the required Skouries permit and the Greek
government being willing to engage with us in constructive
discussions, the Company will then be in a position to re-assess
its investment options in Greece.
George Burns, President and
CEO for Eldorado Gold said: "This is another positive step forward;
however, we are still waiting on the other matters, which we
continue to believe can be resolved through good faith
negotiations. We again invite the Ministry to engage with us to
resolve these matters."
About Eldorado Gold
Eldorado is a leading
mid-tier gold producer with mining, development and exploration
operations in Turkey, Greece, Romania, Serbia, Canada and Brazil. The Company's success
to date is based on a highly skilled and dedicated workforce, safe
and responsible operations, a portfolio of high-quality assets, and
long-term partnerships with the communities where it
operates. Eldorado's common
shares trade on the Toronto Stock Exchange (TSX: ELD) and the New
York Stock Exchange (NYSE: EGO).
Certain of the statements made and information provided
in this press release are forward-looking statements or information
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and applicable Canadian securities
laws. Often, but not always, forward-looking statements and
forward-looking information can be identified by the use of words
such as "plans", "expects", "is expected", "budget",
"continue"", "projected", "scheduled", "estimates", "forecasts",
"projected", "intends", "anticipates", or "believes" or the
negatives thereof or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
Such forward-looking statements or information include, but are not
limited to, statements or information with respect to this news
release.
Forward-looking statements and forward-looking
information by their nature are based on assumptions and involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements or information.
We have made certain assumptions about the
forward-looking statements and information, including assumptions
about the geopolitical, economic, permitting and legal climate that
we operate in; the future price of gold and other commodities;
exchange rates; anticipated costs and expenses; production, mineral
reserves and resources and metallurgical recoveries, the impact of
acquisitions, dispositions, suspensions or delays on our business
and the ability to achieve our goals.
Even though our management believes that the
assumptions made and the expectations represented by such
statements or information are reasonable, there can be no assurance
that the forward-looking statement or information will prove to be
accurate. Many assumptions may be difficult to predict and are
beyond our control.
Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements or
information. These risks, uncertainties and other factors
include, among others, the following: geopolitical and
economic climate (global and local), risks related to mineral
tenure and permits; gold and other metal price volatility; mining
operational and development risk; foreign country operational
risks; risks of sovereign investment; regulatory environment and
restrictions, including environmental regulatory restrictions and
liability; discrepancies between actual and estimated production,
mineral reserves and resources and metallurgical recoveries; risks
related to impact of the sale of our Chinese assets on the
Company's operations; risks related to the acquisition of Integra
Gold Corporation; additional funding requirements; currency
fluctuations; litigation risks; community and non-governmental
organization actions; speculative nature of gold exploration;
dilution; share price volatility; competition; loss of key
employees; and defective title to mineral claims or property, as
well as those factors discussed in the sections entitled
"Forward-Looking Statements" and "Risk factors in our business" in
the Company's most recent Annual Information Form & Form
40-F. The reader is directed to carefully review the detailed risk
discussion in our most recent Annual Information Form filed on
SEDAR under our Company name, for a fuller understanding of the
risks and uncertainties that affect the Company's business and
operations.
There can be no assurance that forward-looking
statements or information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, you should not
place undue reliance on the forward-looking statements or
information contained herein. Except as required by law, we
do not expect to update forward-looking statements and information
continually as conditions change and you are referred to the full
discussion of the Company's business contained in the Company's
reports filed with the securities regulatory authorities in
Canada and the U.S.
SOURCE Eldorado Gold Corporation