Eldorado Gold gains on 680 mln euro financing for Skouries project in Greece

Eldorado Gold

15/12/2022 15:54

** Canada-based Eldorado Gold Corp's  ELD.TO  shares up 1.6%
at C$11.38
    ** Company enters into 680 mln euros financing facility for
development of Skouries project in Greece with National Bank of
Greece S.A.  NBGr.AT  and Piraeus Bank S.A.  urn:newsml:reuters.com:*:nGNX3sJQF0
    ** 80% of the expected funding required to complete the
half-built project will come from the term facility - ELD
    ** While remaining 20% will be covered by ELD's existing
cash and future cash flow from operations
    ** The project, once complete, is expected to produce
140,000 ounces of gold and 67 mln pounds of copper annually
    ** Accounting for session gains, stock down 4.9% YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))