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Eldorado Gold Seeks Payment Over Delays On Greek Project

Kitco News

Eldorado Gold Corp. (TSX: ELD; NYSE: EGO) says it has requested a government payment of some $750 million euros for damages that are the result of delays in permits for the Skouries project. The payment does not initial legal proceedings. "The application represents a good-faith attempt to resolve the matter with the Greek state as it relates to costs incurred resulting from permit delays to our Skouries project,” says George Burns, president and chief executive officer. He later adds, “We hope that this matter can be resolved in an amicable manner without needing to go down the route of arbitration."

By Allen Sykora of Kitco News; asykora@kitco.com

 

Rockingham Named VP For Exploration At Alamos

Tuesday September 18, 2018 08:43

Chris Rockingham has been named vice president for exploration at Alamos Gold Inc. (TSX, NYSE: AGI), the company reports. He has more than 30 years of exploration experience on precious- and base-metals deposits in North and South America. He was most recently vice president for exploration at AuRico Metals.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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