- Eldorado Gold (NYSE:EGO) agrees to sell its 82% stake in the Jinfeng mine in China to a wholly-owned subsidiary of China National Gold Group for $300M.
- EGO says China National Gold has been its minority partner at Jinfeng for 14 years and is the logical buyer for the operation.
- The Jinfeng mine produced nearly 150K oz. of gold in 2015 and is expected to produce 95K-105K oz. this year.
- Now read Eldorado Gold upgraded at Credit Suisse