VANCOUVER, British Columbia,
September 15, 2017 /PRNewswire/
--
TSX: ELD NYSE: EGO
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.
Investor Relations:
Krista Muhr
Vice President Investor Relations & Corporate
Communications
+1-604-601-6701 or +1-888-363-8166
kristam@eldoradogold.com
Media:
Louise Burgess,
Director Communications & Government Relations
+1-604-616-2296
louiseb@eldoradogold.com