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Eldorado Gold updates plans for Olympias Mine development

Jun. 12, 2015 11:48 AM ETEldorado Gold Corporation (EGO) Stock, ELD:CA StockBy: Carl Surran, SA News Editor
  • Eldorado Gold (NYSE:EGO -2.5%) releases an update for the phased development of its 95%-owned Olympias Mine in Greece, which includes an $83M estimate for total capital spending for the concentrator upgrade and mine development for Phase II through 2015-2016.
  • RBC says the update indicates Olympias Phase II remains on track to start production in mid-2016, while the start of the Skouries project has been slightly delayed to Q1 2017 from late 2016.

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