Eldorado Gold Corp plans to sell a minority stake in its stalled Eastern Dragon project to Chinese private equity firm CDH Investments, the Canadian miner said on Monday.CDH will acquire 20 percent of the gold mine in the northern Chinese province of Heilongjiang for $40 million in cash.Eldorado said it expected CDH to help complete the development of Eastern Dragon.The mine was nearly finished in 2011 when a key permit was delayed, and construction is now on hold. Eldorado took a $524.9 million charge on the carrying value of the project in the fourth quarter.
Eldorado Gold Corporation (Eldorado) is a gold exploration, development, mining and production company. Shares of EGO fell by 1.4% or $-0.0999/share to $7.06. In the past year, the shares have traded as low as $5.35 and as high as $10.38. On average, 5531440 shares of EGO exchange hands on a given day and today's volume is recorded at 1155897.
Eldorado Gold Corporation (Eldorado) is a gold exploration, development, mining and production company. Shares of ELD fell by 1.76% or $-0.14/share to $7.82. In the past year, the shares have traded as low as $5.73 and as high as $10.66. On average, 1915340 shares of ELD.TO exchange hands on a given day and today's volume is recorded at 568493.
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